Signature Bank Stock Price, News & Analysis (NASDAQ:SBNY)

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Signature Bank in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SBNY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SBNY, but not buy additional shares or sell existing shares.
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6 analysts have issued 12-month price targets for Signature Bank's stock. Their SBNY share price targets range from $10.00 to $200.00. On average, they expect the company's stock price to reach $133.71 in the next twelve months. This suggests a possible upside of 222,757.1% from the stock's current price.
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Signature Bank's stock was trading at $115.22 at the beginning of 2023. Since then, SBNY stock has decreased by 99.9% and is now trading at $0.06.
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The company is scheduled to release its next quarterly earnings announcement on Monday, January 15th 2024.
View our SBNY earnings forecast.

Signature Bank (NASDAQ:SBNY) posted its earnings results on Monday, October, 18th. The company reported $3.88 EPS for the quarter, beating the consensus estimate of $3.72 by $0.16. The firm had revenue of $512.24 million for the quarter, compared to analysts' expectations of $513.34 million. During the same quarter in the prior year, the company earned $2.62 EPS.

Signature Bank announced a quarterly dividend on Tuesday, January 17th. Shareholders of record on Friday, January 27th will be given a dividend of $0.70 per share on Friday, February 10th. This represents a $2.80 annualized dividend and a yield of 4,666.67%. The ex-dividend date is Thursday, January 26th. This is a positive change from the stock's previous quarterly dividend of $0.56.
Read our dividend analysis for SBNY.

Signature Bank (NASDAQ:SBNY) pays an annual dividend of $0.70 per share and currently has a dividend yield of 1,400.00%. SBNY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 3.37%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for SBNY.

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.

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).

Signature Bank's stock is owned by many different retail and institutional investors. Top institutional shareholders include Concourse Financial Group Securities Inc. (0.00%).

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.
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