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NASDAQ:SBNY

Signature Bank Stock Forecast, Price & News

$246.71
+7.54 (+3.15 %)
(As of 05/14/2021 12:00 AM ET)
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Today's Range
$238.24
$248.00
50-Day Range
$214.70
$256.76
52-Week Range
$71.44
$260.37
Volume489,176 shs
Average Volume752,964 shs
Market Capitalization$13.21 billion
P/E Ratio26.00
Dividend Yield0.94%
Beta1.98
30 days | 90 days | 365 days | Advanced Chart
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Signature Bank logo

About Signature Bank

Signature Bank commercial banking products and services. It accepts various deposit products, including commercial checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, interest-bearing and non-interest-bearing checking accounts, certificates of deposit, time deposits, and other cash management products. The company also offers loan products comprising commercial and industrial loans; real estate loans; temporary financing for commercial and residential properties; letters of credit; and personal lines of credit and loans to acquire personal assets, as well as asset-based lending, pay check protection loans, main street lending program loans, and credit card accounts. In addition, it provides investment, brokerage, and asset management products and services; retirement products, such as individual retirement accounts and administrative services for retirement vehicles, which include pension, profit sharing, and 401(k) plans to its clients, as well as business retirement accounts; and equipment, transportation, taxi medallion, commercial marine, and municipal and national franchise financing services. Further, the company offers wealth management services to high net worth personal clients; and a range of individual and group insurance products that comprise health, life, disability, and long-term care insurance products as an agent. Additionally, it purchases, securitizes, and sells guaranteed portions of the U.S. small business administration loans. As of December 31, 2020, the company operated 36 private client offices located in the New York metropolitan area, including Connecticut, and in California and North Carolina. Signature Bank was incorporated in 2000 and is headquartered in New York, New York.

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Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:SBNY
CUSIP82669G10
Phone646-822-1500
Employees1,652
Year Founded2001

Sales & Book Value

Annual Sales$1.94 billion
Cash Flow$21.57 per share
Book Value$89.12 per share

Profitability

Net Income$588.93 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$13.21 billion
Next Earnings Date7/20/2021 (Estimated)
OptionableOptionable

Social Links


MarketRank

Overall MarketRank

2.16 out of 5 stars

Finance Sector

106th out of 1,949 stocks

State Commercial Banks Industry

18th out of 309 stocks

Analyst Opinion: 2.5Community Rank: 3.1Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Signature Bank (NASDAQ:SBNY) Frequently Asked Questions

Is Signature Bank a buy right now?

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Signature Bank in the last twelve months. There are currently 1 hold rating, 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Signature Bank stock.
View analyst ratings for Signature Bank
or view top-rated stocks.

What stocks does MarketBeat like better than Signature Bank?

Wall Street analysts have given Signature Bank a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Signature Bank wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Signature Bank's next earnings date?

Signature Bank is scheduled to release its next quarterly earnings announcement on Tuesday, July 20th 2021.
View our earnings forecast for Signature Bank
.

How were Signature Bank's earnings last quarter?

Signature Bank (NASDAQ:SBNY) posted its quarterly earnings data on Tuesday, April, 20th. The bank reported $3.24 EPS for the quarter, beating the consensus estimate of $2.85 by $0.39. The bank earned $439.21 million during the quarter, compared to analyst estimates of $431 million. Signature Bank had a trailing twelve-month return on equity of 10.39% and a net margin of 25.40%. During the same quarter in the previous year, the company posted $1.88 earnings per share.
View Signature Bank's earnings history
.

How has Signature Bank's stock been impacted by Coronavirus?

Signature Bank's stock was trading at $100.86 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SBNY stock has increased by 144.6% and is now trading at $246.71.
View which stocks have been most impacted by COVID-19
.

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

Signature Bank declared a quarterly dividend on Wednesday, April 21st. Shareholders of record on Monday, May 3rd will be given a dividend of $0.56 per share on Friday, May 14th. This represents a $2.24 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Friday, April 30th.
View Signature Bank's dividend history
.

Is Signature Bank a good dividend stock?

Signature Bank pays an annual dividend of $2.24 per share and currently has a dividend yield of 0.94%. Signature Bank does not yet have a strock track record of dividend growth. The dividend payout ratio of Signature Bank is 20.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Signature Bank will have a dividend payout ratio of 19.34% next year. This indicates that Signature Bank will be able to sustain or increase its dividend.
View Signature Bank's dividend history.

What price target have analysts set for SBNY?

16 brokers have issued 1 year price objectives for Signature Bank's stock. Their forecasts range from $107.00 to $315.00. On average, they expect Signature Bank's stock price to reach $238.33 in the next year. This suggests that the stock has a possible downside of 3.4%.
View analysts' price targets for Signature Bank
or view top-rated stocks among Wall Street analysts.

Who are Signature Bank's key executives?

Signature Bank's management team includes the following people:
  • Mr. Scott Aaron Shay, Co-Founder & Chairman (Age 63, Pay $2.1M)
  • Mr. Joseph John DePaolo, Co-Founder, Pres, CEO & Director (Age 62, Pay $3.25M)
  • Mr. John Tamberlane, Co-Founder & Vice Chairman (Age 79, Pay $1.38M) (LinkedIn Profile)
  • Mr. Vito Susca, Exec. VP & CFO (Age 52, Pay $1.23M)
  • Mr. Mark T. Sigona, Sr. EVP & COO (Age 59)
  • Mr. Eric Raymond Howell, Sr. Exec. VP of Corp. & Bus. Devel. (Age 51, Pay $1.38M)
  • Mr. Michael Sharkey, Sr. VP & CTO (Age 63)
  • Ms. Ana M. Harris, Sr. VP & Chief HR Officer (Age 58)
  • Mr. Thomas A. Rogers, Head of Private Client Group Team
  • Mr. Craig Spatz, Sr. VP & Group Director of Woodmere Office

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

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

Who are some of Signature Bank's key competitors?

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 The 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 BlackRock Inc. (9.64%), Alecta Pensionsforsakring Omsesidigt (4.67%), Massachusetts Financial Services Co. MA (1.51%), Geode Capital Management LLC (1.35%), Bank of New York Mellon Corp (1.26%) and Parnassus Investments CA (1.16%).

Which major investors are selling Signature Bank stock?

SBNY stock was sold by a variety of institutional investors in the last quarter, including First Pacific Advisors LP, Massachusetts Financial Services Co. MA, Wedge Capital Management L L P NC, Fort Washington Investment Advisors Inc. OH, Reinhart Partners Inc., Alecta Pensionsforsakring Omsesidigt, Royce & Associates LP, and Strs Ohio.

Which major investors are buying Signature Bank stock?

SBNY stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Parnassus Investments CA, Artemis Investment Management LLP, Scout Investments Inc., Lord Abbett & CO. LLC, Bank of Montreal Can, Clearbridge Investments LLC, and Carlson Capital L P.

How do I buy shares of Signature Bank?

Shares of SBNY 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 $246.71.

How much money does Signature Bank make?

Signature Bank has a market capitalization of $13.21 billion and generates $1.94 billion in revenue each year. The bank earns $588.93 million in net income (profit) each year or $10.86 on an earnings per share basis.

How many employees does Signature Bank have?

Signature Bank employs 1,652 workers across the globe.

When was Signature Bank founded?

Signature Bank was founded in 2001.

What is Signature Bank's official website?

The official website for Signature Bank is www.signatureny.com.

Where are Signature Bank's headquarters?

Signature Bank is headquartered at 565 Fifth Avenue, New York NY, 10017.

How can I contact Signature Bank?

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]


This page was last updated on 5/16/2021 by MarketBeat.com Staff
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