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AMZN   3,207.21 (-2.00%)
TSLA   430.83 (-2.01%)
NVDA   539.91 (-2.27%)
BABA   305.29 (-0.66%)
CGC   19.81 (+11.54%)
GE   7.29 (+0.00%)
MU   52.63 (+1.98%)
AMD   82.00 (-1.41%)
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GILD   60.57 (-2.31%)
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BA   167.11 (-0.14%)
BAC   23.72 (-2.15%)
DIS   124.23 (-2.03%)
QQQ   283.80 (-1.63%)
AAPL   115.98 (-2.55%)
MSFT   214.22 (-2.48%)
FB   261.40 (-1.70%)
GOOGL   1,529.95 (-2.41%)
AMZN   3,207.21 (-2.00%)
TSLA   430.83 (-2.01%)
NVDA   539.91 (-2.27%)
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MSFT   214.22 (-2.48%)
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AMZN   3,207.21 (-2.00%)
TSLA   430.83 (-2.01%)
NVDA   539.91 (-2.27%)
BABA   305.29 (-0.66%)
CGC   19.81 (+11.54%)
GE   7.29 (+0.00%)
MU   52.63 (+1.98%)
AMD   82.00 (-1.41%)
T   26.88 (-1.65%)
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$2.78 Earnings Per Share Expected for Signature Bank (NASDAQ:SBNY) This Quarter

Last updated on Sunday, October 18, 2020 | 2020 MarketBeat

Brokerages expect Signature Bank (NASDAQ:SBNY) to post earnings of $2.78 per share for the current quarter, Zacks reports. Sixteen analysts have provided estimates for Signature Bank's earnings. The highest EPS estimate is $3.37 and the lowest is $2.05. Signature Bank reported earnings per share of $2.75 in the same quarter last year, which indicates a positive year over year growth rate of 1.1%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, October 20th.

On average, analysts expect that Signature Bank will report full year earnings of $9.71 per share for the current financial year, with EPS estimates ranging from $7.69 to $10.87. For the next fiscal year, analysts forecast that the business will post earnings of $11.55 per share, with EPS estimates ranging from $8.52 to $13.60. Zacks' EPS calculations are an average based on a survey of sell-side research analysts that follow Signature Bank.

Signature Bank (NASDAQ:SBNY) last announced its earnings results on Tuesday, July 21st. The bank reported $2.21 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $2.27 by ($0.06). The firm had revenue of $399.80 million during the quarter, compared to analysts' expectations of $387.76 million. Signature Bank had a net margin of 26.12% and a return on equity of 10.74%. During the same quarter in the prior year, the company earned $2.83 EPS.

A number of equities research analysts recently weighed in on SBNY shares. Credit Suisse Group started coverage on shares of Signature Bank in a research note on Friday, October 9th. They issued an "outperform" rating and a $107.00 target price on the stock. Wells Fargo & Company restated a "buy" rating on shares of Signature Bank in a report on Friday, October 9th. ValuEngine cut shares of Signature Bank from a "sell" rating to a "strong sell" rating in a report on Thursday, October 1st. BidaskClub upgraded shares of Signature Bank from a "strong sell" rating to a "sell" rating in a report on Wednesday, October 7th. Finally, CSFB assumed coverage on shares of Signature Bank in a report on Friday, October 9th. They set an "outperform" rating and a $107.00 target price on the stock. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Signature Bank presently has an average rating of "Buy" and an average price target of $125.33.

A number of institutional investors and hedge funds have recently modified their holdings of the business. IFM Investors Pty Ltd boosted its stake in shares of Signature Bank by 35.0% in the third quarter. IFM Investors Pty Ltd now owns 4,976 shares of the bank's stock worth $413,000 after acquiring an additional 1,290 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Signature Bank in the third quarter valued at $289,000. Boston Trust Walden Corp raised its position in Signature Bank by 123.9% in the third quarter. Boston Trust Walden Corp now owns 340,515 shares of the bank's stock valued at $28,260,000 after purchasing an additional 188,411 shares during the period. Tandem Investment Advisors Inc. raised its holdings in shares of Signature Bank by 9.7% in the 3rd quarter. Tandem Investment Advisors Inc. now owns 360,741 shares of the bank's stock valued at $29,938,000 after buying an additional 32,020 shares during the period. Finally, DNB Asset Management AS purchased a new stake in shares of Signature Bank in the 3rd quarter valued at $2,451,000. 91.30% of the stock is currently owned by institutional investors.

Shares of Signature Bank stock traded down $0.16 on Friday, reaching $86.79. The stock had a trading volume of 418,083 shares, compared to its average volume of 489,727. Signature Bank has a 1 year low of $68.98 and a 1 year high of $148.64. The company has a market cap of $4.65 billion, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 1.00 and a beta of 1.68. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.89. The business's 50 day moving average is $90.08 and its two-hundred day moving average is $97.74.

Signature Bank Company Profile

Signature Bank provides various business and personal banking products and services. It accepts various deposit products, including commercial checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, interest-bearing and non-interest-bearing checking accounts, certificates of deposit, time deposits, and other cash management products.

See Also: What is the definition of market timing?

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Earnings History and Estimates for Signature Bank (NASDAQ:SBNY)

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The Next 5 Retailers on the Edge of Bankruptcy

Through no fault of theirs, the novel coronavirus has put some retailers on the edge of bankruptcy. And as you’ve seen, many have fallen over that edge including iconic names like Nieman Marcus, J.C. Penney and J.Crew.

In fact, according to the American Bankruptcy Institute, there were 560 commercial Chapter 11 filings in April. That was a 26% increase over last year. And executive director, Amy Quakenboss, suggests that there are more to come.

“As financial challenges continue to escalate amid this crisis,” observes Quakenboss, “bankruptcy is sure to offer a financial safe harbor from the economic storm.”

With no revenue walking through the door, many retailers are seeing a semblance of revenue from e-commerce sales. But for some retailers, the shutdown is more impactful because they didn’t have a strong e-commerce structure. That means that they rely more than others on brick-and-mortar sales.

The real question now is will there really be the pent-up demand that some analysts still swear is just waiting to be unleashed. It may indeed exist. Time will tell. But time is not a commodity many of these retailers have. And we’ve identified five retailers for which the clock is not in their favor.

View the "The Next 5 Retailers on the Edge of Bankruptcy".

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