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Top-Rated Stocks  
NASDAQ:SBNY

Signature Bank - SBNY Stock Forecast, Price & News

$118.86
-7.02 (-5.58%)
(As of 12/6/2022 12:00 AM ET)
Add
Compare
Today's Range
$118.50
▼
$125.79
50-Day Range
$125.88
▼
$164.09
52-Week Range
$118.50
▼
$374.76
Volume
2.42 million shs
Average Volume
960,455 shs
Market Capitalization
$7.48 billion
P/E Ratio
5.81
Dividend Yield
1.78%
Price Target
$227.50

Signature Bank MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
87.1% Upside
$222.43 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
-0.27mentions 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.

3.21 out of 5 stars

Finance Sector

32nd out of 872 stocks

State Commercial Banks Industry

7th out of 183 stocks

See Top Rated MarketRank™ Stocks Here
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

December 6, 2022 | finance.yahoo.com
Signature says it is ‘not just a crypto bank’ as it sheds deposits
December 5, 2022 | markets.businessinsider.com
What 9 Analyst Ratings Have To Say About Signature Bank
December 6, 2022 | Investing Trends (Ad)
China Threatens U.S. Defense and Economic Security
China doesn't need to fire a single shot to dominate America. Instead, it can ban exports of critical minerals the U.S. needs for high-tech military weapons and green and mobile technologies. China controls up to 90% of these markets. It's a National Emergency and an opportunity for investors to jump on the next boom of mining companies exploring in the U.S.
November 27, 2022 | americanbankingnews.com
Primis Financial (NASDAQ:FRST) versus Signature Bank (NASDAQ:SBNY) Head to Head Contrast
November 17, 2022 | finance.yahoo.com
Signature Bank (SBNY) Down 9.4% Since Last Earnings Report: Can It Rebound?
November 16, 2022 | finance.yahoo.com
Keep an Eye on Signature Bank (SBNY) With Minimal FTX Exposure
November 15, 2022 | finance.yahoo.com
Signature Bank shares rally after it discloses minimal exposure to FTX
November 15, 2022 | finance.yahoo.com
Signature Bank Stock Soars. It Says Its Relationship With FTX Is Limited.
December 6, 2022 | Investing Trends (Ad)
China Threatens U.S. Defense and Economic Security
China doesn't need to fire a single shot to dominate America. Instead, it can ban exports of critical minerals the U.S. needs for high-tech military weapons and green and mobile technologies. China controls up to 90% of these markets. It's a National Emergency and an opportunity for investors to jump on the next boom of mining companies exploring in the U.S.
October 22, 2022 | finance.yahoo.com
Signature Bank (NASDAQ:SBNY) Is Due To Pay A Dividend Of $0.56
October 21, 2022 | nasdaq.com
CubeSmart Moves Up In Market Cap Rank, Passing Signature Bank
October 18, 2022 | finance.yahoo.com
Signature Bank (SBNY) Q3 2022 Earnings Call Transcript
October 18, 2022 | msn.com
Signature Bank: Q3 Earnings Insights
October 18, 2022 | seekingalpha.com
Signature Bank bottom line tops consensus on higher rates, loan growth
October 18, 2022 | finance.yahoo.com
Signature Bank (SBNY) Tops Q3 Earnings Estimates
October 18, 2022 | finance.yahoo.com
Signature Bank Reports 2022 Third Quarter Results
October 18, 2022 | markets.businessinsider.com
Signature Bank Q3 Profit Surges, Beats Estimates
October 14, 2022 | finance.yahoo.com
High Fee Income, NII to Aid Signature Bank's (SBNY) Q3 Earnings
October 6, 2022 | finance.yahoo.com
Signature Bank Expands Into Nevada With Appointment of Bankers and Opening of Reno Private Client Banking Office
October 4, 2022 | marketwatch.com
Signature Bank stock price target cut to $210 from $270 at J.P. Morgan
September 30, 2022 | markets.businessinsider.com
9 Analysts Have This to Say About Signature Bank
September 29, 2022 | seekingalpha.com
Signature Bank: Horrible Market Action Sets This Up For Big Bounce
September 24, 2022 | finance.yahoo.com
Signature Bank (SBNY)
September 22, 2022 | nasdaq.com
Interesting SBNY Put And Call Options For November 18th
September 19, 2022 | finance.yahoo.com
Signature Bank Named #1 in Private Bank and Business Escrow Services Categories of New York Law Journal’s 13th Annual "Best of" Survey
September 7, 2022 | msn.com
Signature Bank’s Crypto Outflows Mitigated by Growth in Core Deposits, Wedbush Says
September 7, 2022 | barrons.com
Signature Bank Weathers Crypto Winter With Basic Banking
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
12/06/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/17/2023
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) 822-1402
Fax
646-822-1520
Employees
1,854
Year Founded
2001

Price Target and Rating

Average Stock Price Forecast
$222.43
High Stock Price Forecast
$350.00
Low Stock Price Forecast
$152.00
Forecasted Upside/Downside
+91.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
15 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$20.47
Trailing P/E Ratio
5.81
Forward P/E Ratio
5.53
P/E Growth
0.67
Net Income
$918.44 million
Net Margins
41.55%
Pretax Margin
54.82%
Return on Equity
16.49%
Return on Assets
1.11%

Debt

Debt-to-Equity Ratio
0.26
Current Ratio
0.82
Quick Ratio
0.82

Sales & Book Value

Annual Sales
$2.31 billion
Price / Sales
3.24
Cash Flow
$18.26 per share
Price / Cash Flow
6.51
Book Value
$129.31 per share
Price / Book
0.92

Miscellaneous

Outstanding Shares
62,929,000
Free Float
61,985,000
Market Cap
$7.48 billion
Optionable
Optionable
Beta
1.62

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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













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 2 hold ratings, 12 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 target prices for Signature Bank's stock. Their SBNY share price forecasts range from $152.00 to $350.00. On average, they anticipate the company's stock price to reach $222.43 in the next year. This suggests a possible upside of 87.1% 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 2022?

Signature Bank's stock was trading at $323.47 at the beginning of the year. Since then, SBNY stock has decreased by 63.3% and is now trading at $118.86.
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 daily trading volume, of 945,000 shares, the days-to-cover ratio is presently 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 data on Tuesday, October, 18th. The bank reported $5.57 EPS for the quarter, topping analysts' consensus estimates of $5.42 by $0.15. The bank had revenue of $717.74 million for the quarter, compared to the consensus estimate of $737.63 million. Signature Bank had a net margin of 41.55% and a trailing twelve-month return on equity of 16.49%. During the same quarter in the prior year, the business 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. Shareholders 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 annualized dividend and a dividend yield of 1.88%. 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 1.78%. 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 variety of retail and institutional 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 $118.86.

How much money does Signature Bank make?

Signature Bank (NASDAQ:SBNY) has a market capitalization of $7.48 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 12/6/2022 by MarketBeat.com Staff