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NASDAQ:SBNY

Signature Bank - SBNY Stock Forecast, Price & News

$135.58
+1.31 (+0.98%)
(As of 11/29/2022 12:00 AM ET)
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Today's Range
$134.19
$137.65
50-Day Range
$132.00
$168.57
52-Week Range
$129.96
$374.76
Volume
792,280 shs
Average Volume
953,529 shs
Market Capitalization
$8.53 billion
P/E Ratio
6.62
Dividend Yield
1.67%
Price Target
$227.50

Signature Bank MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
67.8% Upside
$227.50 Price Target
Short Interest
Healthy
3.70% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.18
Upright™ Environmental Score
News Sentiment
0.01mentions of Signature Bank in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
0.56%
From $21.49 to $21.61 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.17 out of 5 stars

Finance Sector

37th out of 907 stocks

State Commercial Banks Industry

9th out of 190 stocks

SBNY stock logo

About Signature Bank (NASDAQ:SBNY) Stock

Signature Bank provides commercial banking products and services. It accepts various deposit products, including checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, certificates of deposit, and other cash management products. The company provides various lending products comprising commercial and industrial loans, real estate loans, and letters of credit. In addition, it offers asset management and investment products; and retirement products, such as individual retirement accounts and administrative services for retirement vehicles. Further, the company provides wealth management services to its high net worth personal clients; and purchases, sells, and assembles small business administration loans and pools. Additionally, it offers individual and group insurance products, including health, life, disability, and long-term care insurance products for business and private clients. As of December 31, 2021, the company operated 37 private client offices located in the metropolitan New York area, Connecticut, California, and North Carolina. Signature Bank was incorporated in 2000 and is headquartered in New York, New York.

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SBNY Stock News Headlines

Signature Bank (SBNY) Q3 2022 Earnings Call Transcript
Signature Bank: Q3 Earnings Insights
Signature Bank (SBNY) Tops Q3 Earnings Estimates
Signature Bank Reports 2022 Third Quarter Results
Signature Bank Q3 Profit Surges, Beats Estimates
9 Analysts Have This to Say About Signature Bank
Signature Bank (SBNY)
See More Headlines
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SBNY Company Calendar

Last Earnings
10/18/2022
Ex-Dividend for 11/10 Dividend
10/27/2022
Dividend Payable
11/10/2022
Today
11/29/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/17/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:SBNY
CUSIP
82669G10
Employees
1,854
Year Founded
2001

Price Target and Rating

Average Stock Price Forecast
$227.50
High Stock Price Forecast
$350.00
Low Stock Price Forecast
$175.00
Forecasted Upside/Downside
+67.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
15 Analysts

Profitability

Net Income
$918.44 million
Pretax Margin
54.82%

Debt

Sales & Book Value

Annual Sales
$2.31 billion
Cash Flow
$20.21 per share
Book Value
$129.31 per share

Miscellaneous

Free Float
61,985,000
Market Cap
$8.53 billion
Optionable
Optionable
Beta
1.67

Social Links


Key Executives

  • Mr. Scott Aaron Shay (Age 64)
    Co-Founder & Exec. Chairman
    Comp: $2.77M
  • Mr. Joseph John DePaolo (Age 63)
    Co-Founder, Pres, CEO & Director
    Comp: $4.8M
  • Mr. John Tamberlane (Age 80)
    Co-Founder & Vice Chairman
    Comp: $1.83M
  • Mr. Stephen Wyremski (Age 40)
    Sr. VP & CFO
    Comp: $614.42k
  • Mr. Eric Raymond Howell (Age 52)
    Sr. EVP, COO & Director
    Comp: $2.13M
  • Mr. Vito Susca (Age 53)
    Exec. VP & Chief Admin. Officer
    Comp: $1.5M
  • Mr. Kevin T. Hickey (Age 46)
    Exec. VP, Chief Investment Officer & Treasurer
  • Mr. Michael Sharkey (Age 64)
    Sr. VP & CTO
  • Brian Wyremski
    Sr. VP and Director of Investor Relations & Corp. Devel.
  • Ms. Ana M. Harris (Age 59)
    Sr. VP & Chief HR Officer













SBNY Stock - Frequently Asked Questions

Should I buy or sell Signature Bank stock right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Signature Bank in the last year. There are currently 1 hold rating, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" SBNY shares.
View SBNY analyst ratings
or view top-rated stocks.

What is Signature Bank's stock price forecast for 2023?

15 brokers have issued 12 month price objectives for Signature Bank's shares. Their SBNY share price forecasts range from $175.00 to $350.00. On average, they predict the company's stock price to reach $227.50 in the next year. This suggests a possible upside of 67.8% from the stock's current price.
View analysts price targets for SBNY
or view top-rated stocks among Wall Street analysts.

How have SBNY shares performed in 2022?

Signature Bank's stock was trading at $323.47 at the beginning of the year. Since then, SBNY shares have decreased by 58.1% and is now trading at $135.58.
View the best growth stocks for 2022 here
.

Are investors shorting Signature Bank?

Signature Bank saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 2,330,000 shares, an increase of 44.7% from the October 31st total of 1,610,000 shares. Based on an average trading volume of 945,000 shares, the short-interest ratio is currently 2.5 days.
View Signature Bank's Short Interest
.

When is Signature Bank's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 17th 2023.
View our SBNY earnings forecast
.

How were Signature Bank's earnings last quarter?

Signature Bank (NASDAQ:SBNY) posted its quarterly earnings results on Tuesday, October, 18th. The bank reported $5.57 EPS for the quarter, topping analysts' consensus estimates of $5.44 by $0.13. Signature Bank had a net margin of 41.55% and a trailing twelve-month return on equity of 16.49%. During the same period in the prior year, the firm posted $3.88 EPS.

How often does Signature Bank pay dividends? What is the dividend yield for Signature Bank?

Signature Bank declared a quarterly dividend on Tuesday, October 18th. Investors of record on Friday, October 28th will be given a dividend of $0.56 per share on Thursday, November 10th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Thursday, October 27th.
Read our dividend analysis for SBNY
.

Is Signature Bank a good dividend stock?

Signature Bank (NASDAQ:SBNY) pays an annual dividend of $2.24 per share and currently has a dividend yield of 1.67%. The dividend payout ratio is 10.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBNY will have a dividend payout ratio of 10.37% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SBNY.

What is Joseph J. DePaolo's approval rating as Signature Bank's CEO?

31 employees have rated Signature Bank Chief Executive Officer Joseph J. DePaolo on Glassdoor.com. Joseph J. DePaolo has an approval rating of 54% among the company's employees. This puts Joseph J. DePaolo in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Signature Bank own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Signature Bank investors own include Walt Disney (DIS), JPMorgan Chase & Co. (JPM), Alibaba Group (BABA), NVIDIA (NVDA), Visa (V), AbbVie (ABBV), Bank of America (BAC), Johnson & Johnson (JNJ), UnitedHealth Group (UNH) and Broadcom (AVGO).

What is Signature Bank's stock symbol?

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

Who are Signature Bank's major shareholders?

Signature Bank's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.40%), BlackRock Inc. (7.32%), Price T Rowe Associates Inc. MD (6.00%), State Street Corp (4.84%), Alecta Tjanstepension Omsesidigt (4.42%) and EdgePoint Investment Group Inc. (1.33%).

How do I buy shares of Signature Bank?

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

What is Signature Bank's stock price today?

One share of SBNY stock can currently be purchased for approximately $135.58.

How much money does Signature Bank make?

Signature Bank (NASDAQ:SBNY) has a market capitalization of $8.53 billion and generates $2.31 billion in revenue each year. The bank earns $918.44 million in net income (profit) each year or $20.47 on an earnings per share basis.

How many employees does Signature Bank have?

The company employs 1,854 workers across the globe.

Does Signature Bank have any subsidiaries?
The following companies are subsidiares of Signature Bank: Signature Preferred Capital Inc..
Read More
How can I contact Signature Bank?

Signature Bank's mailing address is 565 Fifth Avenue, New York NY, 10017. The official website for the company is www.signatureny.com. The bank can be reached via phone at (646) 822-1402, via email at ehowell@signatureny.com, or via fax at 646-822-1520.

This page (NASDAQ:SBNY) was last updated on 11/29/2022 by MarketBeat.com Staff