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MarketBeat: Week in Review 8/8 - 8/12
Expanded IRS free-file system one step closer in Dems' bill
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What Is WallStreetBets and What Stocks Are They Targeting?
The Safest Option in Trades! (Ad)pixel
Closing prices for crude oil, gold and other commodities
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Pipeline break spills 45,000 gallons of diesel in Wyoming
The Safest Option in Trades! (Ad)pixel
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Expanded IRS free-file system one step closer in Dems' bill
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
S&P 500   4,280.15
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What Is WallStreetBets and What Stocks Are They Targeting?
The Safest Option in Trades! (Ad)pixel
Closing prices for crude oil, gold and other commodities
2 Important Retail Stock Battles to Watch
Pipeline break spills 45,000 gallons of diesel in Wyoming
The Safest Option in Trades! (Ad)pixel
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Expanded IRS free-file system one step closer in Dems' bill
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
NASDAQ:SBNY

Signature Bank - SBNY Stock Forecast, Price & News

$206.41
+4.35 (+2.15%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$201.25
$206.58
50-Day Range
$167.55
$225.92
52-Week Range
$165.36
$374.76
Volume
322,596 shs
Average Volume
976,947 shs
Market Capitalization
$12.51 billion
P/E Ratio
10.99
Dividend Yield
1.11%
Price Target
$298.69

Signature Bank MarketRank™ Forecast

Analyst Rating
Buy
3.07 Rating Score
Upside/​Downside
44.7% Upside
$298.69 Price Target
Short Interest
Healthy
2.75% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.18
Upright™ Environmental Score
News Sentiment
0.94mentions of Signature Bank in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
14.40%
From $21.80 to $24.94 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.48 out of 5 stars

Finance Sector

10th out of 918 stocks

State Commercial Banks Industry

4th out of 191 stocks

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.

Signature Bank Stock Up 2.2 %

Shares of Signature Bank stock traded up $4.35 during trading on Friday, hitting $206.41. 322,596 shares of the stock traded hands, compared to its average volume of 976,947. The stock has a market cap of $12.51 billion, a P/E ratio of 10.99, a PEG ratio of 0.98 and a beta of 1.73. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.82 and a current ratio of 0.83. Signature Bank has a twelve month low of $165.36 and a twelve month high of $374.76. The company has a fifty day moving average price of $188.42 and a two-hundred day moving average price of $247.29.

Signature Bank (NASDAQ:SBNY - Get Rating) last posted its earnings results on Tuesday, July 19th. The bank reported $5.26 earnings per share for the quarter, topping the consensus estimate of $5.05 by $0.21. Signature Bank had a return on equity of 15.02% and a net margin of 43.86%. During the same period last year, the company posted $3.57 earnings per share. Equities research analysts predict that Signature Bank will post 21.8 EPS for the current fiscal year.

Signature Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Friday, July 29th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Thursday, July 28th. Signature Bank's dividend payout ratio is presently 11.93%.

Analysts Set New Price Targets

A number of research firms recently issued reports on SBNY. TheStreet downgraded shares of Signature Bank from a "b" rating to a "c+" rating in a research report on Wednesday, July 13th. Piper Sandler decreased their price target on shares of Signature Bank from $375.00 to $325.00 and set an "overweight" rating for the company in a research report on Friday, May 20th. Stephens reduced their price objective on Signature Bank to $240.00 in a research note on Friday, July 22nd. Maxim Group cut their target price on Signature Bank from $450.00 to $425.00 and set a "buy" rating on the stock in a research note on Wednesday, July 20th. Finally, Jefferies Financial Group cut their target price on Signature Bank from $352.00 to $267.00 in a research note on Monday, July 11th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $298.69.

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SBNY Stock News Headlines

StockNews.com Upgrades Signature Bank (NASDAQ:SBNY) to Hold
Signature Bank (NASDAQ:SBNY) Price Target Cut to $425.00
13 Analysts Have This to Say About Signature Bank
See More Headlines
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SBNY Company Calendar

Last Earnings
7/19/2022
Ex-Dividend for 8/12 Dividend
7/28/2022
Dividend Payable
8/12/2022
Today
8/13/2022
Next Earnings (Estimated)
10/18/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:SBNY
CUSIP
82669G10
Employees
1,854
Year Founded
2001

Price Target and Rating

Average Stock Price Forecast
$298.69
High Stock Price Forecast
$425.00
Low Stock Price Forecast
$240.00
Forecasted Upside/Downside
+44.7%
Consensus Rating
Buy
Rating Score (0-4)
3.07
Research Coverage
14 Analysts

Profitability

Net Income
$918.44 million
Pretax Margin
58.55%

Debt

Sales & Book Value

Annual Sales
$2.31 billion
Cash Flow
$21.35 per share
Book Value
$132.47 per share

Miscellaneous

Free Float
N/A
Market Cap
$12.51 billion
Optionable
Optionable
Beta
1.73

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













SBNY Stock - Frequently Asked Questions

Should I buy or sell Signature Bank stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Signature Bank in the last twelve months. There are currently 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 2022?

14 Wall Street analysts have issued twelve-month price objectives for Signature Bank's shares. Their SBNY share price forecasts range from $240.00 to $425.00. On average, they expect the company's stock price to reach $298.69 in the next year. This suggests a possible upside of 44.7% 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 2022. Since then, SBNY stock has decreased by 36.2% and is now trading at $206.41.
View the best growth stocks for 2022 here
.

When is Signature Bank's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 18th 2022.
View our SBNY earnings forecast
.

How were Signature Bank's earnings last quarter?

Signature Bank (NASDAQ:SBNY) issued its earnings results on Tuesday, July, 19th. The bank reported $5.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.05 by $0.21. Signature Bank had a trailing twelve-month return on equity of 15.02% and a net margin of 43.86%. During the same period in the prior year, the firm earned $3.57 EPS.

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

Signature Bank announced a quarterly dividend on Thursday, July 21st. Investors of record on Friday, July 29th will be given a dividend of $0.56 per share on Friday, August 12th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, July 28th.
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 1.11%. The dividend payout ratio is 11.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBNY will have a dividend payout ratio of 8.98% 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 institutional and retail investors. Top institutional shareholders include FMR LLC (2.13%), Parnassus Investments LLC (1.66%), JPMorgan Chase & Co. (1.60%), Brown Brothers Harriman & Co. (1.53%), Davis Capital Partners LLC (1.32%) and Clearbridge Investments LLC (1.11%).

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 $206.41.

How much money does Signature Bank make?

Signature Bank (NASDAQ:SBNY) has a market capitalization of $12.52 billion and generates $2.31 billion in revenue each year. The bank earns $918.44 million in net income (profit) each year or $18.78 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

When was Signature Bank founded?

Signature Bank was founded in 2001.

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 8/13/2022 by MarketBeat.com Staff

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