Investment analysts at StockNews.com started coverage on shares of Signature Bank (NASDAQ:SBNY - Get Free Report) in a research note issued on Thursday. The brokerage set a "sell" rating on the stock.
Signature Bank Price Performance
Shares of NASDAQ SBNY traded down $0.02 during trading hours on Thursday, hitting $3.30. 347,726 shares of the stock were exchanged, compared to its average volume of 709,994. Signature Bank has a one year low of $0.00 and a one year high of $3.50. The company's 50 day moving average is $2.01 and its 200 day moving average is $1.05.
Institutional Trading of Signature Bank
A number of hedge funds have recently bought and sold shares of the stock. Voya Investment Management LLC increased its position in Signature Bank by 2.7% in the 4th quarter. Voya Investment Management LLC now owns 22,998 shares of the company's stock valued at $2,650,000 after acquiring an additional 603 shares in the last quarter. Macquarie Group Ltd. increased its position in Signature Bank by 26.5% in the 4th quarter. Macquarie Group Ltd. now owns 108,024 shares of the company's stock valued at $12,446,000 after acquiring an additional 22,626 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of Signature Bank by 46.4% during the 4th quarter. Alliancebernstein L.P. now owns 126,849 shares of the company's stock worth $14,616,000 after buying an additional 40,190 shares during the period. Point72 Middle East FZE acquired a new stake in shares of Signature Bank during the 4th quarter worth approximately $1,116,000. Finally, Harbour Investments Inc. grew its position in shares of Signature Bank by 42.7% during the 4th quarter. Harbour Investments Inc. now owns 836 shares of the company's stock worth $96,000 after buying an additional 250 shares during the period. 11.07% of the stock is owned by institutional investors.
About Signature Bank
(
Get Free Report)
As of March 12, 2023, Signature Bank went out of business. Previously, the company provided digital assets banking services and comprised of certain loan portfolios. The company was incorporated in 2000 and is based in New York, New York. Signature Bank now trades on OTCPK.
Further Reading
Before you consider Signature Bank, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Signature Bank wasn't on the list.
While Signature Bank currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
