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. Investors 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 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Thursday, January 30th. View Signature Bank's Dividend History.

Signature Bank (NASDAQ:SBNY) posted its earnings results on Tuesday, January, 21st. The bank reported $2.78 EPS for the quarter, topping the consensus estimate of $2.69 by $0.09. The bank had revenue of $345.58 million for the quarter, compared to the consensus estimate of $335.91 million. Signature Bank had a return on equity of 12.57% and a net margin of 30.36%. During the same quarter in the prior year, the firm posted $2.94 earnings per share. 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.

10 analysts have issued 12 month price objectives for Signature Bank's shares. Their forecasts range from $130.00 to $161.00. On average, they anticipate Signature Bank's share price to reach $146.67 in the next year. This suggests a possible upside of 17.1% from the stock's current price. View Analyst Price Targets for Signature Bank.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Signature Bank in the last year. There are currently 5 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 been trending very negative this week, InfoTrie reports. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Signature Bank earned a coverage optimism score of -3.0 on InfoTrie's scale. They also gave news stories about the bank a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for Signature Bank.

Signature Bank saw a decline in short interest in February. As of February 14th, there was short interest totalling 1,560,000 shares, a decline of 5.5% from the January 30th total of 1,650,000 shares. Based on an average daily volume of 367,400 shares, the days-to-cover ratio is currently 4.2 days. Approximately 2.8% of the company's stock are sold short. View Signature Bank's Current Options Chain.

Some companies that are related to Signature Bank include PNC Financial Services Group (PNC), Truist Financial (TFC), SunTrust Banks (STI), M&T Bank (MTB), Fifth Third Bancorp (FITB), First Republic Bank (FRC), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), East West Bancorp (EWBC), TCF Financial (TCF) and Cullen/Frost Bankers (CFR).

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 retail and institutional investors. Top institutional shareholders 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, North Point Portfolio Managers Corp OH and State Street Corp.

SBNY stock was bought 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 $125.24.

Signature Bank has a market capitalization of $6.70 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. Signature Bank employs 1,393 workers across the globe.View Additional Information About Signature Bank.

The official website for Signature Bank is http://www.signatureny.com/.

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]