Signature Bank (NASDAQ:SBNY – Get Free Report) dropped 5% during mid-day trading on Wednesday . The company traded as low as $0.80 and last traded at $0.95. Approximately 6,485 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 47,405 shares. The stock had previously closed at $1.00.
Signature Bank Stock Down 5.0%
The company’s 50-day simple moving average is $1.01 and its 200 day simple moving average is $0.76. The company has a market capitalization of $59.78 million, a P/E ratio of 0.20 and a beta of 12.74.
About Signature Bank
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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