Signature Bank - SBNY Stock Forecast, Price & News

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Signature Bank in the last twelve months. There are currently 5 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SBNY shares.
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14 brokerages have issued 12 month target prices for Signature Bank's shares. Their SBNY share price forecasts range from $124.00 to $288.00. On average, they expect the company's share price to reach $186.29 in the next year. This suggests a possible upside of 34.1% from the stock's current price.
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Signature Bank's stock was trading at $115.22 at the beginning of 2023. Since then, SBNY stock has increased by 20.6% and is now trading at $138.93.
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Signature Bank saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 3,970,000 shares, an increase of 18.5% from the December 31st total of 3,350,000 shares. Based on an average trading volume of 1,230,000 shares, the days-to-cover ratio is presently 3.2 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 18th 2023.
View our SBNY earnings forecast.

Signature Bank (NASDAQ:SBNY) released its quarterly earnings data on Tuesday, January, 17th. The bank reported $4.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.92 by $0.27. The bank earned $683.90 million during the quarter, compared to the consensus estimate of $687 million. Signature Bank had a net margin of 36.03% and a trailing twelve-month return on equity of 16.76%.

Signature Bank declared a quarterly dividend on Tuesday, January 17th. Stockholders of record on Friday, January 27th will be paid a dividend of $0.70 per share on Friday, February 10th. This represents a $2.80 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Thursday, January 26th. This is a boost from the stock's previous quarterly dividend of $0.56.
Read our dividend analysis for SBNY.

Signature Bank (NASDAQ:SBNY) pays an annual dividend of $2.80 per share and currently has a dividend yield of 1.96%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBNY will have a dividend payout ratio of 17.15% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SBNY.

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.

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).

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

Signature Bank's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Parnassus Investments LLC (2.08%), Wedge Capital Management L L P NC (0.39%), Artemis Investment Management LLP (0.33%), Sumitomo Mitsui Trust Holdings Inc. (0.31%), Boston Trust Walden Corp (0.27%) and Reinhart Partners Inc. (0.20%).

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.
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One share of SBNY stock can currently be purchased for approximately $138.93.

Signature Bank (NASDAQ:SBNY) has a market capitalization of $8.74 billion and generates $3.71 billion in revenue each year. The bank earns $1.34 billion in net income (profit) each year or $20.78 on an earnings per share basis.

The company employs 1,854 workers across the globe.

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) 822-1500, via email at ehowell@signatureny.com, or via fax at 646-822-1520.