Signature Bank (SBNY) Stock Forecast, Price & News

10 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 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SBNY shares.
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10 analysts have issued twelve-month price targets for Signature Bank's stock. Their SBNY share price forecasts range from $10.00 to $228.00. On average, they anticipate the company's share price to reach $163.46 in the next year. This suggests a possible upside of 466,933.0% from the stock's current price.
View analysts price targets for SBNY or view top-rated stocks among Wall Street analysts.

Signature Bank's stock was trading at $115.22 at the beginning of the year. Since then, SBNY stock has decreased by 100.0% and is now trading at $0.0350.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 16th 2023.
View our SBNY earnings forecast.

Signature Bank (NASDAQ:SBNY) released its earnings results on Monday, October, 18th. The company reported $3.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.72 by $0.16. The business earned $512.24 million during the quarter, compared to the consensus estimate of $513.34 million. Signature Bank had a trailing twelve-month return on equity of 16.76% and a net margin of 36.03%. During the same period last year, the business earned $2.62 earnings per share.

Signature Bank declared a quarterly dividend on Tuesday, January 17th. Investors 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 8,000.00%. 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.

Signature Bank (NASDAQ:SBNY) pays an annual dividend of $1.26 per share and currently has a dividend yield of 7,875.00%. SBNY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 6.06%. 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 trades on the NASDAQ under the ticker symbol "SBNY."

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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One share of SBNY stock can currently be purchased for approximately $0.04.

Signature Bank (NASDAQ:SBNY) has a market capitalization of $2.20 million and generates $3.71 billion in revenue each year. The company earns $1.34 billion in net income (profit) each year or $20.78 on an earnings per share basis.

The company employs 2,243 workers across the globe.

Signature Bank's mailing address is 565 Fifth Avenue, New York, NY 10017, United States, . The official website for the company is www.signatureny.com. The company can be reached via phone at 646-822-1500, via email at bwyremski@signatureny.com, or via fax at 646-822-1520.