Shares of Signature Bank (NASDAQ:SBNY – Get Free Report) were down 18.6% during trading on Thursday . The stock traded as low as $0.15 and last traded at $0.35. 1,843 shares traded hands during trading, a decline of 97% from the average daily volume of 53,156 shares. The stock had previously closed at $0.43.
Signature Bank Stock Performance
The company has a market cap of $22.03 million, a PE ratio of 0.15 and a beta of 11.76. The business’s 50-day moving average is $0.46 and its 200 day moving average is $0.67.
Signature Bank Company Profile
Signature Bank was a full-service commercial bank headquartered in New York City, founded in 2001. It focused on serving privately owned businesses, their owners and senior managers, real estate investors, and private equity firms. The bank operated through relationship-driven banking, providing deposit, lending and treasury management services to a range of corporate and individual clients.
Its core offerings included commercial real estate financing, business and industrial lending, and working capital solutions tailored to owner-managed enterprises.
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