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 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Thursday, January 30th. View Signature Bank's Dividend History.

Signature Bank (NASDAQ:SBNY) posted its quarterly earnings data on Tuesday, January, 21st. The bank reported $2.78 EPS for the quarter, topping the Zacks' consensus estimate of $2.69 by $0.09. The bank had revenue of $345.58 million for the quarter, compared to analyst estimates of $335.91 million. Signature Bank had a return on equity of 12.57% and a net margin of 30.36%. During the same period in the prior year, the company 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 brokers have issued 1-year price targets for Signature Bank's stock. Their forecasts range from $130.00 to $154.00. On average, they expect Signature Bank's stock price to reach $142.38 in the next twelve months. This suggests that the stock has a possible downside of 2.8%. 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 3 hold ratings, 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Signature Bank.

Media coverage about SBNY stock has trended somewhat negative this week, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Signature Bank earned a media sentiment score of -1.6 on InfoTrie's scale. They also assigned news articles about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Signature Bank.

Signature Bank saw a increase in short interest in the month of December. As of December 31st, there was short interest totalling 1,520,000 shares, an increase of 10.9% from the December 15th total of 1,370,000 shares. Based on an average trading volume of 343,600 shares, the days-to-cover ratio is presently 4.4 days. Approximately 2.8% of the company's shares 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), Zions Bancorporation NA (ZION), Commerce Bancshares (CBSH), TCF Financial (TCF), East West Bancorp (EWBC) and BOK Financial (BOKF).

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

Signature Bank's stock is owned by a number of of retail and institutional investors. Top institutional investors include Wedge Capital Management L L P NC (1.29%), Tandem Investment Advisors Inc. (0.31%), Boston Trust Walden Corp (0.27%), Assenagon Asset Management S.A. (0.22%), Gateway Investment Advisers LLC (0.06%) and Nisa Investment Advisors LLC (0.04%).

SBNY stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Boenning & Scattergood Inc., Nisa Investment Advisors LLC, Gateway Investment Advisers LLC, State of Alaska Department of Revenue, IFM Investors Pty Ltd and Louisiana State Employees Retirement System.

SBNY stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Boston Trust Walden Corp, Tandem Investment Advisors Inc., Tocqueville Asset Management L.P., Ingalls & Snyder LLC, AE Wealth Management LLC and 6 Meridian.

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 $146.44.

Signature Bank has a market capitalization of $7.94 billion and generates $1.94 billion in revenue each year. The bank earns $505.34 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]