Signature Bank - SBNY Stock Forecast, Price & News

14 Wall Street equities research 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 equities research analysts is that investors should "buy" SBNY shares.
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14 Wall Street research analysts have issued 12 month target prices for Signature Bank's stock. Their SBNY share price forecasts range from $176.00 to $425.00. On average, they expect the company's share price to reach $258.00 in the next year. This suggests a possible upside of 63.7% from the stock's current price.
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Signature Bank's stock was trading at $323.47 at the beginning of 2022. Since then, SBNY stock has decreased by 51.3% and is now trading at $157.59.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 18th 2022.
View our SBNY earnings forecast.

Signature Bank (NASDAQ:SBNY) released its quarterly earnings results on Tuesday, July, 19th. The bank reported $5.26 EPS for the quarter, topping analysts' consensus estimates of $5.06 by $0.20. The bank had revenue of $686.77 million for the quarter, compared to the consensus estimate of $686.62 million. Signature Bank had a net margin of 43.86% and a trailing twelve-month return on equity of 15.02%. During the same quarter in the prior year, the company earned $3.57 earnings per share.

Signature Bank announced a quarterly dividend on Thursday, July 21st. Stockholders 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 1.42%. The ex-dividend date is Thursday, July 28th.
Read our dividend analysis for SBNY.

Signature Bank (NASDAQ:SBNY) pays an annual dividend of $2.24 per share and currently has a dividend yield of 1.39%. 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 9.29% 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 many different retail and institutional investors. Top institutional shareholders include Farmers Trust Co. (0.02%).

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 $157.59.

Signature Bank (NASDAQ:SBNY) has a market capitalization of $9.92 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.

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) 822-1402, via email at ehowell@signatureny.com, or via fax at 646-822-1520.