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NASDAQ:SBNY

Signature Bank - SBNY Stock Forecast, Price & News

$70.00
0.00 (0.00%)
(As of 03/23/2023 12:00 AM ET)
Add
Compare
Today's Range
$70.00
▼
$70.00
50-Day Range
$70.00
▼
$143.17
52-Week Range
$61.37
▼
$328.88
Volume
N/A
Average Volume
2.23 million shs
Market Capitalization
$4.41 billion
P/E Ratio
3.37
Dividend Yield
4.00%
Price Target
$186.29

Signature Bank MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
166.1% Upside
$186.29 Price Target
Short Interest
Bearish
6.02% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.18
Upright™ Environmental Score
News Sentiment
0.01mentions of Signature Bank in the last 14 days
Based on 23 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.58%
From $14.52 to $15.62 Per Share

Overall MarketRank™

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

3.16 out of 5 stars

Finance Sector

87th out of 868 stocks

State Commercial Banks Industry

21st out of 179 stocks

See Top Rated MarketRank™ Stocks Here

SBNY stock logo

About Signature Bank (NASDAQ:SBNY) Stock

Signature Bank engages in the provision of commercial banking services. It operates through the Commercial Banking and Specialty Finance segments. The Commercial Banking segment consists of commercial real estate lending, commercial and industrial lending, and commercial deposit gathering activities. The Specialty Finance segment consists of financing and leasing products. The company was founded by John Tamberlane, Scott Aaron Shay, and Joseph J. DePaolo in September 2000 and is headquartered in New York, NY.

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SBNY Stock News Headlines

March 22, 2023 | marketbeat.com
Seesaw Effect: As Banks Drop, These 3 Stocks Are Going Up (SBNY)
Precious metals and alternative currencies are benefiting from the uncertainty around the financial sector, and stocks tied to these areas are trending higher.
March 21, 2023 | marketbeat.com
Analysts Remain Bullish On These 3 Regional Banks (SBNY)
When the dust settles, fundamentally sound banks with diversified revenue sources and sturdy balance sheets will be viewed as investment opportunities.
March 24, 2023 | Behind the Markets (Ad)
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
March 20, 2023 | marketbeat.com
Which Gold Stocks Can Help You Hedge Bank Exposure? (SBNY)
The fallout from the Silicon Valley Bank implosion and the subsequent contagion fears spread throughout the banking sector. Nearly all bank stocks
March 20, 2023 | marketbeat.com
Risk-Free Money Market vs. Bank Dividend Stock, Which is Better? (SBNY)
Banks stocks have been making headlines due to the collapse of the nation’s 16th largest bank, Silicon Valley Bank and Signature Bank. Notably, the
March 20, 2023 | marketbeat.com
Is Fifth Third Bancorp a Stalwart Among Regional Banks? (SBNY)
The Silicon Valley Bank disaster has spread contagion fears throughout the regional banking industry. Regional bank Fifth Third Bancorp (NASDAQ: FITB) stock has
March 17, 2023 | marketbeat.com
Europe Raises Interest Rates, Should the Fed Follow? (SBNY)
The European Central Bank increases interest rates by 50 basis points while also contending with a banking crisis - should the Fed follow suit?
March 16, 2023 | marketbeat.com
Don't Miss Out: $2 Trillion Could be Headed to the Banking Sector (SBNY)
Up to $2 trillion in liquidity could flow to banks in the financial services sector. Here's how you can position your portfolio.
March 24, 2023 | Stansberry Research (Ad)
The gold catalyst we’ve waited for
If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
March 13, 2023 | marketbeat.com
These Hedge Funds Are Getting Crushed By SVB (SBNY)
Three investment funds, including one of Europe's largest pension funds, have huge sudden losses in their portfolios. Which regional bank is the next SVB?
March 23, 2023 | reuters.com
Yellen says FDIC estimate of $2.5 bln loss on Signature Bank is not final determination
March 23, 2023 | finance.yahoo.com
UPDATE 1-Yellen says FDIC estimate of $2.5 bln loss on Signature Bank is not final determination
March 23, 2023 | benzinga.com
SBNY LAWSUIT ALERT: Levi & Korsinsky Notifies Signature Bank Investors of a Class Action Lawsuit and Upcoming Deadline
March 23, 2023 | finance.yahoo.com
What Wall Street is saying about the Fed's last interest rate hike, Powell comments
March 22, 2023 | finance.yahoo.com
U.S. Bancorp Says Business is Growing Despite Banking Industry Concerns
March 21, 2023 | finance.yahoo.com
Explainer-How does bank deposit insurance work, and who does it cover?
March 21, 2023 | benzinga.com
INVESTOR ACTION NOTICE: The Schall Law Firm Encourages Investors in Signature Bank with Losses of $100,000 to Contact the Firm
March 21, 2023 | finance.yahoo.com
Yellen: U.S. Could Intervene Again to Protect Banking System
March 20, 2023 | benzinga.com
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Signature Bank – SBNY
March 20, 2023 | benzinga.com
How The Collapse Of Credit Suisse, SVB And Signature Bank Relate To The 2008 Financial Crisis
March 20, 2023 | finance.yahoo.com
5 Reasons Bitcoin Is Soaring Amid the Bank Panic. One Is Key for Stocks.
March 20, 2023 | msn.com
NY Community Bancorp unit agrees to buy Signature Bank deposits, some loans
March 20, 2023 | finance.yahoo.com
Signature Bank's Assets Sold To New York Community Bancorp's Flagstar Bank
March 19, 2023 | seekingalpha.com
New York Community Bancorp pursuing acquisition of Signature Bank - report
March 19, 2023 | finance.yahoo.com
Bitcoin Is Rising After UBS-Credit Suisse Deal
March 18, 2023 | finance.yahoo.com
Local Banks Could Leave Gaps That Are Hard to Fill
March 17, 2023 | finance.yahoo.com
Biden calls on Congress to give regulators authority to claw back exec. compensation
See More Headlines
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SBNY Company Calendar

Last Earnings
1/17/2023
Ex-Dividend for 2/10 Dividend
1/26/2023
Dividend Payable
2/10/2023
Today
3/24/2023
Next Earnings (Estimated)
4/18/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:SBNY
CUSIP
82669G10
CIK
1288784
Web
www.signatureny.com
Phone
(646) 822-1500
Fax
646-822-1520
Employees
2,243
Year Founded
2001

Price Target and Rating

Average Stock Price Forecast
$186.29
High Stock Price Forecast
$288.00
Low Stock Price Forecast
$124.00
Forecasted Upside/Downside
+166.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
14 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$20.78
Trailing P/E Ratio
3.37
Forward P/E Ratio
4.82
P/E Growth
0.51
Net Income
$1.34 billion
Net Margins
36.03%
Pretax Margin
47.30%
Return on Equity
16.76%
Return on Assets
1.16%

Debt

Debt-to-Equity Ratio
1.48
Current Ratio
0.90
Quick Ratio
0.89

Sales & Book Value

Annual Sales
$2.70 billion
Price / Sales
1.63
Cash Flow
$27.56 per share
Price / Cash Flow
2.54
Book Value
$127.33 per share
Price / Book
0.55

Miscellaneous

Outstanding Shares
62,929,000
Free Float
61,985,000
Market Cap
$4.41 billion
Optionable
Optionable
Beta
1.66

Social Links


Key Executives

  • Joseph J. DePaolo
    President, Chief Executive Officer & Director
  • Eric R. Howell
    COO, Executive VP-Corporate & Business Development
  • Stephen Wyremski
    Chief Financial Officer & Senior Vice President
  • Michael Sharkey
    Chief Technology Officer & Senior Vice President
  • Thomas Kasulka
    Chief Lending Officer & Executive Vice President

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions













SBNY Stock - Frequently Asked Questions

Should I buy or sell Signature Bank stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Signature Bank in the last year. There are currently 5 hold ratings and 9 buy ratings 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?

14 equities research analysts have issued 1-year price objectives for Signature Bank's stock. Their SBNY share price forecasts range from $124.00 to $288.00. On average, they predict the company's share price to reach $186.29 in the next twelve months. This suggests a possible upside of 166.1% 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 2023?

Signature Bank's stock was trading at $115.22 on January 1st, 2023. Since then, SBNY shares have decreased by 39.2% and is now trading at $70.00.
View the best growth stocks for 2023 here.

When is Signature Bank's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 18th 2023.
View our SBNY earnings forecast.

How were Signature Bank's earnings last quarter?

Signature Bank (NASDAQ:SBNY) posted its quarterly earnings data on Tuesday, January, 17th. The bank reported $4.65 EPS for the quarter, missing analysts' consensus estimates of $4.92 by $0.27. The bank had revenue of $683.90 million for the quarter, compared to the consensus estimate of $687 million. Signature Bank had a trailing twelve-month return on equity of 16.76% and a net margin of 36.03%.

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

Signature Bank declared a quarterly dividend on Tuesday, January 17th. Stockholders 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 4.00%. The ex-dividend date of this dividend is Thursday, January 26th. This is an increase from the stock's previous quarterly dividend of $0.56.
Read our dividend analysis for SBNY.

What ETFs hold Signature Bank's stock?

ETFs with the largest weight of Signature Bank (NASDAQ:SBNY) stock in their portfolio include Grayscale Future of Finance ETF (GFOF), BlackRock Future Financial and Technology ETF (BPAY), First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT), Capital Link Global Fintech Leaders ETF (KOIN), Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC), iShares U.S. Regional Banks ETF (IAT), Horizon Kinetics Blockchain Development ETF (BCDF) and Siren Nasdaq NexGen Economy ETF (BLCN).

Is Signature Bank a good dividend stock?

Signature Bank (NASDAQ:SBNY) pays an annual dividend of $2.80 per share and currently has a dividend yield of 4.00%. SBNY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBNY will have a dividend payout ratio of 17.93% 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 investors include Price T Rowe Associates Inc. MD (4.97%), Geode Capital Management LLC (2.18%), Parnassus Investments LLC (2.08%), Davis Asset Management L.P. (1.75%), Brown Brothers Harriman & Co. (1.58%) and EdgePoint Investment Group Inc. (1.58%).

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 $70.00.

How much money does Signature Bank make?

Signature Bank (NASDAQ:SBNY) has a market capitalization of $4.41 billion and generates $2.70 billion in revenue each year. The bank earns $1.34 billion in net income (profit) each year or $20.78 on an earnings per share basis.

How many employees does Signature Bank have?

The company employs 2,243 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) 822-1500, via email at ehowell@signatureny.com, or via fax at 646-822-1520.

This page (NASDAQ:SBNY) was last updated on 3/24/2023 by MarketBeat.com Staff