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NASDAQ:SBNY

Signature Bank Stock Forecast, Price & News

$229.34
+6.72 (+3.02 %)
(As of 03/8/2021 10:08 AM ET)
Add
Compare
Today's Range
$226.67
Now: $229.34
$230.71
50-Day Range
$151.76
MA: $190.52
$226.05
52-Week Range
$68.98
Now: $229.34
$231.15
Volume5,822 shs
Average Volume878,002 shs
Market Capitalization$12.28 billion
P/E Ratio24.17
Dividend Yield1.01%
Beta1.98
Signature Bank provides various business and personal 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, such as loans secured by commercial and residential properties, and construction 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, mortgages, home equity 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 a range of financing and leasing products consisting of 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 July 8, 2020, the company operated 32 private client offices located in the New York metropolitan area, including Greenwich, Connecticut, as well as in San Francisco and Charlotte, N.C. Signature Bank was incorporated in 2000 and is headquartered in New York, New York.
Signature Bank logo

Headlines

Price Over Earnings Overview: Signature Bank
March 3, 2021 |  benzinga.com
Signature Bank Prices Public Stock Offering
February 5, 2021 |  finance.yahoo.com
Understanding Signature Bank's Ex-Dividend Date
January 28, 2021 |  benzinga.com
See More Headlines

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:SBNY
CUSIP82669G10
Phone646-822-1500
Employees1,472
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.94 billion
Cash Flow$20.05 per share
Book Value$89.12 per share

Profitability

Net Income$588.93 million

Miscellaneous

Market Cap$12.28 billion
Next Earnings Date4/22/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

2.28 out of 5 stars

Finance Sector

82nd out of 1,940 stocks

State Commercial Banks Industry

13th out of 310 stocks

Analyst Opinion: 2.5Community Rank: 3.1Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
$229.34
+6.72 (+3.02 %)
(As of 03/8/2021 10:08 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Signature Bank (NASDAQ:SBNY) Frequently Asked Questions

Is Signature Bank a buy right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Signature Bank in the last twelve months. There are currently 2 hold ratings, 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Signature Bank wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Signature Bank?

Signature Bank saw a increase in short interest in the month of February. As of February 12th, there was short interest totaling 2,010,000 shares, an increase of 55.8% from the January 28th total of 1,290,000 shares. Based on an average daily trading volume, of 801,100 shares, the short-interest ratio is presently 2.5 days. Currently, 3.8% of the company's stock are short sold.
View Signature Bank's Short Interest
.

When is Signature Bank's next earnings date?

Signature Bank is scheduled to release its next quarterly earnings announcement on Thursday, April 22nd 2021.
View our earnings forecast for Signature Bank
.

How were Signature Bank's earnings last quarter?

Signature Bank (NASDAQ:SBNY) released its quarterly earnings results on Wednesday, January, 20th. The bank reported $3.26 EPS for the quarter, beating the consensus estimate of $2.89 by $0.37. Signature Bank had a net margin of 25.40% and a trailing twelve-month return on equity of 10.39%.
View Signature Bank's earnings history
.

How has Signature Bank's stock been impacted by COVID-19?

Signature Bank's stock was trading at $100.86 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SBNY stock has increased by 120.7% and is now trading at $222.62.
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 announced a quarterly dividend on Thursday, January 21st. Shareholders of record on Monday, February 1st will be given a dividend of $0.56 per share on Friday, February 12th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, January 29th.
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 1.01%. 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?

17 Wall Street analysts have issued 12 month price objectives for Signature Bank's stock. Their forecasts range from $100.00 to $280.00. On average, they expect Signature Bank's share price to reach $183.35 in the next year. This suggests that the stock has a possible downside of 17.6%.
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 $2.23M)
  • Mr. Joseph John DePaolo, Co-Founder, Pres, CEO & Director (Age 62, Pay $4.07M)
  • Mr. John Tamberlane, Co-Founder & Vice Chairman (Age 79, Pay $1.27M)
  • Mr. Vito Susca, Exec. VP & CFO (Age 52, Pay $952.61k)
  • Mr. Mark T. Sigona, Exec. VP & COO (Age 59, Pay $1.21M)
  • Mr. Michael Sharkey, Sr. VP & CTO (Age 63)
  • Mr. Eric Raymond Howell, Sr. Exec. VP of Corp. & Bus. Devel. (Age 51)
  • Ms. Ana M. Harris, Sr. VP & Chief HR Officer
  • 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.35%), Price T Rowe Associates Inc. MD (4.86%), Nordea Investment Management AB (2.49%), Mackenzie Financial Corp (1.83%), First Pacific Advisors LP (1.75%) and Fort Washington Investment Advisors Inc. OH (1.45%).

Which institutional investors are selling Signature Bank stock?

SBNY stock was sold by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, BlackRock Inc., Nordea Investment Management AB, Truist Financial Corp, Fort Washington Investment Advisors Inc. OH, Northern Trust Corp, Morgan Stanley, and UBS Asset Management Americas Inc..

Which institutional investors are buying Signature Bank stock?

SBNY stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Mirova US LLC, Junto Capital Management LP, Epoch Investment Partners Inc., Ceredex Value Advisors LLC, KBC Group NV, Senvest Management LLC, and Davis Capital Partners LLC.

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 $222.62.

How much money does Signature Bank make?

Signature Bank has a market capitalization of $11.92 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 1,472 workers across the globe.

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 3/8/2021 by MarketBeat.com Staff

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