NASDAQ:SBNY - Signature Bank Stock Price, Forecast & News

Signature Bank trades on the NASDAQ under the ticker symbol "SBNY."

Signature Bank declared a quarterly dividend on Tuesday, January 21st. Shareholders of record on Friday, January 31st will be paid a dividend of $0.56 per share on Friday, February 14th. This represents a $2.24 annualized dividend and a yield of 1.55%. The ex-dividend date is Thursday, January 30th. View Signature Bank's Dividend History.

Signature Bank (NASDAQ:SBNY) posted its quarterly earnings results on Tuesday, January, 21st. The bank reported $2.78 EPS for the quarter, beating analysts' consensus estimates of $2.69 by $0.09. The bank earned $345.58 million during the quarter, compared to analyst estimates of $335.91 million. During the same quarter in the prior year, the business earned $2.94 EPS. View Signature Bank's Earnings History.

Signature Bank is scheduled to release their next quarterly earnings announcement on Wednesday, April 15th 2020. View Earnings Estimates for Signature Bank.

9 equities research analysts have issued twelve-month target prices for Signature Bank's shares. Their forecasts range from $130.00 to $161.00. On average, they expect Signature Bank's share price to reach $145.00 in the next twelve months. This suggests a possible upside of 0.4% from the stock's current price. View Analyst Price Targets for Signature Bank.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Signature Bank in the last year. There are currently 4 hold ratings, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Signature Bank.

Media headlines about SBNY stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Signature Bank earned a media sentiment score of 2.0 on InfoTrie's scale. They also assigned media stories about the bank a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Signature Bank.

Signature Bank saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 1,650,000 shares, an increase of 8.6% from the January 15th total of 1,520,000 shares. Based on an average trading volume of 368,500 shares, the days-to-cover ratio is presently 4.5 days. Approximately 3.0% of the company's shares are short sold. View Signature Bank's Current Options Chain.

Some companies that are related to Signature Bank include SunTrust Banks (STI), TCF Financial (TCF), Valley National Bancorp (VLY), Ameris Bancorp (ABCB), Park National (PRK), Tompkins Financial (TMP), Arrow Financial (AROW), American National BankShares (AMNB), Bar Harbor Bankshares (BHB), Ames National (ATLO), MidSouth Bancorp (MSL), First Trust California Municipal High Income ETF (FCAL), 1st Source (SRCE), BancFirst (BANF) and Bancorp (TBBK).

Based on aggregate information from My MarketBeat watchlists, some companies that other Signature Bank investors own include Visa (V), NVIDIA (NVDA), Alibaba Group (BABA), Walt Disney (DIS), Broadcom (AVGO), Gilead Sciences (GILD), JPMorgan Chase & Co. (JPM), Wells Fargo & Co (WFC), Netflix (NFLX) and Biogen (BIIB).

Signature Bank's stock is owned by many different of institutional and retail investors. Top institutional investors include FMR LLC (5.84%), State Street Corp (4.07%), Massachusetts Financial Services Co. MA (2.28%), Goldman Sachs Group Inc. (1.88%), Bank of New York Mellon Corp (1.75%) and William Blair Investment Management LLC (1.64%).

SBNY stock was sold by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, AQR Capital Management LLC, Renaissance Technologies LLC, CI Investments Inc., Franklin Resources Inc., Fort Washington Investment Advisors Inc. OH, State Street Corp and Fred Alger Management LLC.

SBNY stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Westfield Capital Management Co. LP, Barclays PLC, Assenagon Asset Management S.A., Goldman Sachs Group Inc., Bank of New York Mellon Corp, Prudential Financial Inc. and Massachusetts Financial Services Co. MA.

Shares of SBNY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of SBNY stock can currently be purchased for approximately $144.36.