NASDAQ:SBNY - Signature Bank Stock Price, Forecast & News

Signature Bank trades on the NASDAQ under the ticker symbol "SBNY."

Signature Bank announced a quarterly dividend on Thursday, October 17th. Investors of record on Friday, November 1st will be paid a dividend of $0.56 per share on Friday, November 15th. This represents a $2.24 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Thursday, October 31st. View Signature Bank's Dividend History.

Signature Bank (NASDAQ:SBNY) released its quarterly earnings results on Thursday, October, 17th. The bank reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.70 by $0.05. The bank earned $334 million during the quarter, compared to the consensus estimate of $339.14 million. Signature Bank had a net margin of 31.37% and a return on equity of 13.09%. During the same period in the previous year, the company posted $2.84 EPS. View Signature Bank's Earnings History.

Signature Bank is scheduled to release their next quarterly earnings announcement on Thursday, January 16th 2020. View Earnings Estimates for Signature Bank.

10 brokers have issued 1 year price targets for Signature Bank's stock. Their forecasts range from $128.00 to $143.00. On average, they anticipate Signature Bank's share price to reach $137.38 in the next twelve months. This suggests a possible upside of 8.8% from the stock's current price. View Analyst Price Targets for Signature Bank.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Signature Bank in the last year. There are currently 3 hold ratings, 6 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Signature Bank.

News articles about SBNY stock have been trending extremely negative on Saturday, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Signature Bank earned a media sentiment score of -4.2 on InfoTrie's scale. They also assigned news coverage about the bank a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an impact on the company's share price in the immediate future. View News Stories for Signature Bank.

Signature Bank saw a increase in short interest in the month of November. As of November 15th, there was short interest totalling 981,500 shares, an increase of 25.0% from the October 31st total of 785,300 shares. Based on an average trading volume of 365,700 shares, the days-to-cover ratio is currently 2.7 days. Approximately 1.8% of the company's stock are sold short. View Signature Bank's Current Options Chain.

Some companies that are related to Signature Bank include PNC Financial Services Group (PNC), BB&T (BBT), SunTrust Banks (STI), M&T Bank (MTB), Fifth Third Bancorp (FITB), KeyCorp (KEY), First Republic Bank (FRC), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Zions Bancorporation NA (ZION), Commerce Bancshares (CBSH), East West Bancorp (EWBC), BOK Financial (BOKF) and Cullen/Frost Bankers (CFR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Signature Bank investors own include NVIDIA (NVDA), Visa (V), Alibaba Group (BABA), Walt Disney (DIS), Broadcom (AVGO), Netflix (NFLX), salesforce.com (CRM), Skyworks Solutions (SWKS), JPMorgan Chase & Co. (JPM) and UnitedHealth Group (UNH).

Signature Bank's stock is owned by many different of institutional and retail investors. Top institutional investors include State Street Corp (4.11%), Massachusetts Financial Services Co. MA (2.15%), Wedge Capital Management L L P NC (1.34%), Millennium Management LLC (0.74%), GW&K Investment Management LLC (0.47%) and Sumitomo Mitsui Trust Holdings Inc. (0.36%).

SBNY stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Provident Investment Management Inc., State Street Corp, Icon Advisers Inc. Co., Parnassus Investments CA, Barclays PLC, Stifel Financial Corp and FSI Group LLC.

SBNY stock was bought by a variety of institutional investors in the last quarter, including Mackay Shields LLC, Philadelphia Financial Management of San Francisco LLC, California Public Employees Retirement System, Squarepoint Ops LLC, GW&K Investment Management LLC, Voloridge Investment Management LLC, State of Tennessee Treasury Department and Winmill & CO. Inc..

Shares of SBNY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of SBNY stock can currently be purchased for approximately $126.27.

Signature Bank has a market capitalization of $6.85 billion and generates $1.73 billion in revenue each year. The bank earns $505.34 million in net income (profit) each year or $11.28 on an earnings per share basis. Signature Bank employs 1,393 workers across the globe.View Additional Information About Signature Bank.

The official website for Signature Bank is http://www.signatureny.com/.

Signature Bank's mailing address is 565 Fifth Avenue, New York NY, 10017. The bank can be reached via phone at 646-822-1500 or via email at [email protected]