NASDAQ:SBNY

Signature Bank - SBNY Stock Forecast, Price & News

$140.24

+0.73 (+0.52%)

(As of 11/25/2022 04:00 PM ET)

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Today's Range: $138.53
▼
$140.59
50-Day Range: $132.00
▼
$172.15
52-Week Range: $129.96
▼
$374.76

Volume: 291,634 shs
Average Volume: 953,793 shs
Market Capitalization: $8.83 billion

P/E Ratio: 6.85
Dividend Yield: 1.61%
Price Target: $227.50

Signature Bank MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 62.2% Upside
$227.50 Price Target
Short Interest: Healthy
2.56% of Shares Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.18
Upright™ Environmental Score
News Sentiment: 0.31
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 0.56%
From $21.49 to $21.61 Per Share

Overall MarketRank^™

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

3.19 out of 5 stars

Finance Sector

28th out of 894 stocks

State Commercial Banks Industry

7th out of 186 stocks

4.5

Analyst's Opinion

Consensus Rating
Signature Bank has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 13 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $227.50, Signature Bank has a forecasted upside of 62.2% from its current price of $140.24.
Amount of Analyst Coverage
Signature Bank has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
2.56% of the outstanding shares of Signature Bank have been sold short.
Short Interest Ratio / Days to Cover
Signature Bank has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Signature Bank has recently increased by 12.59%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Signature Bank pays a meaningful dividend of 1.61%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Signature Bank does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Signature Bank is 10.94%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Signature Bank will have a dividend payout ratio of 10.37% next year. This indicates that Signature Bank will be able to sustain or increase its dividend.

2.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Signature Bank has received a 15.50% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Debit cards", "Consumer savings accounts provided by brick and mortar banks", "Fixed interest accounts", and "Development loans for corporations" products. See details.
Environmental Sustainability
The Environmental Impact score for Signature Bank is -0.18.

2.4

News and Social Media Coverage

News Sentiment
Signature Bank has a news sentiment score of 0.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.66 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Signature Bank this week, compared to 3 articles on an average week.
Search Interest
24 people have searched for SBNY on MarketBeat in the last 30 days. This is an increase of 60% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Signature Bank to their MarketBeat watchlist in the last 30 days. This is a decrease of -63% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Signature Bank insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.50% of the stock of Signature Bank is held by insiders.
Percentage Held by Institutions
98.62% of the stock of Signature Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Signature Bank are expected to grow by 0.56% in the coming year, from $21.49 to $21.61 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Signature Bank is 6.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.63.
Price to Earnings Ratio vs. Sector
The P/E ratio of Signature Bank is 6.85, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 175.68.
Price to Earnings Growth Ratio
Signature Bank has a PEG Ratio of 0.68. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Signature Bank has a P/B Ratio of 1.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

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SBNY Stock News Headlines

November 24, 2022 | americanbankingnews.com

Signature Bank (NASDAQ:SBNY) Receives $227.50 Average PT from Analysts

November 20, 2022 | americanbankingnews.com

Signature Bank (NASDAQ:SBNY) to Post Q2 2023 Earnings of $5.79 Per Share, Wedbush Forecasts

November 19, 2022 | americanbankingnews.com

Stephens Lowers Signature Bank (NASDAQ:SBNY) Price Target to $175.00

November 19, 2022 | americanbankingnews.com

Q1 2023 EPS Estimates for Signature Bank Reduced by Analyst (NASDAQ:SBNY)

November 17, 2022 | finance.yahoo.com

Signature Bank (SBNY) Down 9.4% Since Last Earnings Report: Can It Rebound?

November 16, 2022 | finance.yahoo.com

Keep an Eye on Signature Bank (SBNY) With Minimal FTX Exposure

November 15, 2022 | finance.yahoo.com

Signature Bank shares rally after it discloses minimal exposure to FTX

November 15, 2022 | finance.yahoo.com

Signature Bank Stock Soars. It Says Its Relationship With FTX Is Limited.

October 22, 2022 | finance.yahoo.com

Signature Bank (NASDAQ:SBNY) Is Due To Pay A Dividend Of $0.56

October 21, 2022 | nasdaq.com

CubeSmart Moves Up In Market Cap Rank, Passing Signature Bank

October 18, 2022 | finance.yahoo.com

Signature Bank (SBNY) Q3 2022 Earnings Call Transcript

October 18, 2022 | msn.com

Signature Bank: Q3 Earnings Insights

October 18, 2022 | seekingalpha.com

Signature Bank bottom line tops consensus on higher rates, loan growth

October 18, 2022 | finance.yahoo.com

Signature Bank (SBNY) Tops Q3 Earnings Estimates

October 18, 2022 | finance.yahoo.com

Signature Bank Reports 2022 Third Quarter Results

October 18, 2022 | markets.businessinsider.com

Signature Bank Q3 Profit Surges, Beats Estimates

October 14, 2022 | finance.yahoo.com

High Fee Income, NII to Aid Signature Bank's (SBNY) Q3 Earnings

October 6, 2022 | finance.yahoo.com

Signature Bank Expands Into Nevada With Appointment of Bankers and Opening of Reno Private Client Banking Office

October 4, 2022 | marketwatch.com

Signature Bank stock price target cut to $210 from $270 at J.P. Morgan

September 30, 2022 | markets.businessinsider.com

9 Analysts Have This to Say About Signature Bank

September 29, 2022 | seekingalpha.com

Signature Bank: Horrible Market Action Sets This Up For Big Bounce

September 24, 2022 | finance.yahoo.com

Signature Bank (SBNY)

September 22, 2022 | nasdaq.com

Interesting SBNY Put And Call Options For November 18th

September 19, 2022 | finance.yahoo.com

Signature Bank Named #1 in Private Bank and Business Escrow Services Categories of New York Law Journal’s 13th Annual "Best of" Survey

September 7, 2022 | msn.com

Signature Bank’s Crypto Outflows Mitigated by Growth in Core Deposits, Wedbush Says

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30 days | 90 days | 365 days | Advanced Chart

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SBNY Company Calendar

Last Earnings: 10/18/2022
Ex-Dividend for 11/10 Dividend: 10/27/2022
Dividend Payable: 11/10/2022
Today: 11/25/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 1/17/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: State commercial banks
Sub-Industry: Regional Banks
Sector: Finance
Current Symbol: NASDAQ:SBNY
CUSIP: 82669G10
CIK: 1288784
Web: www.signatureny.com
Phone: (646) 822-1402
Fax: 646-822-1520
Employees: 1,854
Year Founded: 2001

Price Target and Rating

Average Stock Price Forecast: $227.50
High Stock Price Forecast: $350.00
Low Stock Price Forecast: $175.00
Forecasted Upside/Downside: +62.2%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 15 Analysts

Profitability

EPS (Most Recent Fiscal Year): $20.47
Trailing P/E Ratio: 6.85
Forward P/E Ratio: 6.53
P/E Growth: 0.68
Net Income: $918.44 million
Net Margins: 41.55%
Pretax Margin: 54.82%
Return on Equity: 16.49%
Return on Assets: 1.11%

Debt

Debt-to-Equity Ratio: 0.26
Current Ratio: 0.82
Quick Ratio: 0.82

Sales & Book Value

Annual Sales: $2.31 billion
Price / Sales: 3.82
Cash Flow: $21.03 per share
Price / Cash Flow: 6.67
Book Value: $122.21 per share
Price / Book: 1.15

Miscellaneous

Outstanding Shares: 62,929,000
Free Float: 61,985,000
Market Cap: $8.83 billion
Optionable: Optionable
Beta: 1.67

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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SBNY Stock - Frequently Asked Questions

Should I buy or sell Signature Bank stock right now?: 15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Signature Bank in the last twelve months. There are currently 1 hold rating, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research 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 2023?: 15 equities research analysts have issued 12 month price targets for Signature Bank's stock. Their SBNY share price forecasts range from $175.00 to $350.00. On average, they anticipate the company's stock price to reach $227.50 in the next year. This suggests a possible upside of 62.3% 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 start of the year. Since then, SBNY stock has decreased by 56.7% and is now trading at $140.14.
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, January 17th 2023.
View our SBNY earnings forecast.
How were Signature Bank's earnings last quarter?: Signature Bank (NASDAQ:SBNY) announced its quarterly earnings results on Tuesday, October, 18th. The bank reported $5.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.44 by $0.13. Signature Bank had a net margin of 41.55% and a trailing twelve-month return on equity of 16.49%. During the same quarter in the previous year, the business earned $3.88 EPS.
How often does Signature Bank pay dividends? What is the dividend yield for Signature Bank?: Signature Bank declared a quarterly dividend on Tuesday, October 18th. Stockholders of record on Friday, October 28th will be given a dividend of $0.56 per share on Thursday, November 10th. This represents a $2.24 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Thursday, October 27th.
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 1.61%. The dividend payout ratio is 10.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBNY will have a dividend payout ratio of 10.37% 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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.40%), BlackRock Inc. (7.32%), Price T Rowe Associates Inc. MD (6.00%), State Street Corp (4.84%), Alecta Tjanstepension Omsesidigt (4.42%) and EdgePoint Investment Group Inc. (1.33%).
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 $140.14.
How much money does Signature Bank make?: Signature Bank (NASDAQ:SBNY) has a market capitalization of $8.82 billion and generates $2.31 billion in revenue each year. The bank earns $918.44 million in net income (profit) each year or $20.47 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
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 11/26/2022 by MarketBeat.com Staff

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Signature Bank - SBNY Stock Forecast, Price & News

Signature Bank MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Signature Bank (NASDAQ:SBNY) Stock

SBNY Stock News Headlines

SBNY Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

SBNY Stock - Frequently Asked Questions

Overall MarketRank^™