Signature Bank is a full-service commercial bank. The Bank operates over 30 private client offices throughout the New York metropolitan area. Its segments include Commercial Banking and Specialty Finance. It offers a range of business and personal banking products and services. Its specialty finance subsidiary, Signature Financial LLC (Signature Financial), provides equipment finance and leasing services. Signature Securities Group Corporation, a subsidiary of Bank, is a licensed broker-dealer, investment advisor offering investment, brokerage, asset management and insurance products and services. The Commercial Banking segment consists of commercial real estate lending, commercial and industrial lending, and commercial deposit gathering activities. The Specialty Finance segment consists of financing and leasing products, including equipment, transportation, taxi medallion, commercial marine, commercial vehicle, municipal and national franchise financing and/or leasing.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Banks
- Sub-Industry: Regional Banks
- Symbol: NASDAQ:SBNY
- CUSIP: 82669G10
- Web: www.signatureny.com
Capitalization:- Market Cap: $6.54288 billion
- Outstanding Shares: 54,097,000
Average Prices:- 50 Day Moving Avg: $128.78
- 200 Day Moving Avg: $139.56
- 52 Week Range: $113.53 - $164.23
P/E:- Trailing P/E Ratio: 19.50
- Foreward P/E Ratio: 12.33
- P/E Growth: 1.43
Sales & Book Value:- Annual Revenue: $926.93 million
- Price / Sales: 7.10
- Book Value: $70.19 per share
- Price / Book: 1.73
Profitability:- Net Margins: 23.62%
- Return on Equity: 12.61%
- Return on Assets: 1.18%
Debt:- Debt-to-Equity Ratio: 0.75%
- Current Ratio: 0.91%
- Quick Ratio: 0.91%
Misc:- Average Volume: 494,147 shs.
- Beta: 0.97
- Short Ratio: 2.45
Frequently Asked Questions for Signature Bank (NASDAQ:SBNY)
What is Signature Bank's stock symbol?
Signature Bank trades on the NASDAQ under the ticker symbol "SBNY."
How were Signature Bank's earnings last quarter?
Signature Bank (NASDAQ:SBNY) posted its quarterly earnings data on Wednesday, July, 19th. The company reported $2.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $2.22 by $0.01. The company had revenue of $316.79 million for the quarter, compared to analyst estimates of $324.44 million. Signature Bank had a return on equity of 12.61% and a net margin of 23.62%. During the same quarter in the previous year, the firm posted $1.90 EPS. View Signature Bank's Earnings History.
When will Signature Bank make its next earnings announcement?
Where is Signature Bank's stock going? Where will Signature Bank's stock price be in 2017?
14 brokerages have issued twelve-month target prices for Signature Bank's shares. Their forecasts range from $126.00 to $183.00. On average, they expect Signature Bank's stock price to reach $158.93 in the next twelve months. View Analyst Ratings for Signature Bank.
Are investors shorting Signature Bank?
Signature Bank saw a increase in short interest in August. As of August 31st, there was short interest totalling 1,935,703 shares, an increase of 36.1% from the August 15th total of 1,421,960 shares. Based on an average trading volume of 294,214 shares, the days-to-cover ratio is presently 6.6 days. Currently, 3.7% of the shares of the stock are sold short.
Who are some of Signature Bank's key competitors?
Some companies that are related to Signature Bank include Comerica Incorporated (CMA), BanColombia S.A. (CIB), SVB Financial Group (SIVB), Grupo Supervielle SA -ADR (SUPV), East West Bancorp (EWBC), Macro Bank (BMA), CIT Group Inc (DEL) (CIT), Grupo Financiero Galicia S.A. (GGAL), New York Community Bancorp (NYCB), Cullen/Frost Bankers (CFR), Bank Of The Ozarks (OZRK), PacWest Bancorp (PACW), Commerce Bancshares (CBSH), Synovus Financial Corp. (SNV), City National Corp (CYN), Webster Financial Corporation (WBS), TFS Financial Corporation (TFSL) and First Citizens BancShares (FCNCA).
Who are Signature Bank's key executives?
Signature Bank's management team includes the folowing people:
- Scott A. Shay, Chairman of the Board
- Joseph J. DePaolo, President, Chief Executive Officer, Director
- Vito Susca, Chief Financial Officer, Senior Vice President
- Mark T. Sigona, Executive Vice President, Chief Operating Officer
- Peter S. Quinlan, Executive Vice President, Treasurer
- Eric R. Howell, Executive Vice President-Corporate & Business Development
- Michael J. Merlo, Executive Vice President and Chief Credit Officer
- James Yu, Senior Vice President
- Michael Sharkey, Senior Vice President, Chief Technology Officer
- John Tamberlane, Vice Chairman of the Board
Who owns Signature Bank stock?
Signature Bank's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.77%), Vanguard Group Inc. (7.91%), Capital Research Global Investors (5.35%), State Street Corp (4.85%), Alecta Pensionsforsakring Omsesidigt (4.33%) and Franklin Resources Inc. (2.77%). View Institutional Ownership Trends for Signature Bank.
Who sold Signature Bank stock? Who is selling Signature Bank stock?
Signature Bank's stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Victory Capital Management Inc., William Blair Investment Management LLC, Frontier Capital Management Co. LLC, Franklin Resources Inc., FMR LLC, Tocqueville Asset Management L.P. and Zevenbergen Capital Investments LLC. View Insider Buying and Selling for Signature Bank.
Who bought Signature Bank stock? Who is buying Signature Bank stock?
Signature Bank's stock was purchased by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, Koch Industries Inc., TimesSquare Capital Management LLC, Wedge Capital Management L L P NC, Lord Abbett & CO. LLC, Westfield Capital Management Co. LP, Alecta Pensionsforsakring Omsesidigt and Alliancebernstein L.P.. View Insider Buying and Selling for Signature Bank.
How do I buy Signature Bank stock?
Shares of Signature Bank can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Signature Bank's stock price today?
One share of Signature Bank stock can currently be purchased for approximately $121.74.
MarketBeat Community Rating for Signature Bank (NASDAQ SBNY)MarketBeat's community ratings are surveys of what our community members think about Signature Bank and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Signature Bank (NASDAQ:SBNY) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 4 Hold Ratings, 10 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.71) |
| Consensus Price Target: | $158.93 (30.55% upside) |
Analysts' Ratings History for Signature Bank (NASDAQ:SBNY)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 9/20/2017 | Bank of America Corporation | Reiterated Rating | Buy | $175.00 -> $165.00 | Low |  |
| 9/20/2017 | Wedbush | Downgrade | Outperform -> Neutral | $157.00 -> $126.00 | Low | |
| 9/15/2017 | Morgan Stanley | Lower Price Target | Overweight | $164.00 -> $150.00 | Low | |
| 9/11/2017 | Hovde Group | Upgrade | Underperform -> Market Perform | $132.00 | Medium | |
| 9/7/2017 | Jefferies Group LLC | Reiterated Rating | Buy | $169.00 -> $145.00 | Medium | |
| 7/20/2017 | Deutsche Bank AG | Lower Price Target | Buy | $178.00 -> $162.00 | Medium | |
| 7/20/2017 | BMO Capital Markets | Reiterated Rating | Hold | $157.00 | Medium | |
| 7/19/2017 | Maxim Group | Reiterated Rating | Buy | $175.00 | Medium | |
| 7/14/2017 | Keefe, Bruyette & Woods | Reiterated Rating | Buy | $158.00 | Low | |
| 7/12/2017 | Barclays PLC | Reiterated Rating | Overweight | $175.00 -> $170.00 | Medium | |
| 4/22/2017 | Piper Jaffray Companies | Reiterated Rating | Neutral | $167.00 -> $157.00 | Low | |
| 4/22/2017 | FBR & Co | Reiterated Rating | Outperform | $180.00 -> $170.00 | Low | |
| 4/6/2017 | Raymond James Financial, Inc. | Reiterated Rating | Strong-Buy -> Outperform | $167.00 -> $183.00 | Low | |
| 12/21/2016 | Stephens | Initiated Coverage | Overweight | $175.00 | N/A | |
| 7/9/2016 | J P Morgan Chase & Co | Reiterated Rating | Buy | | N/A | |
| 4/1/2016 | Merion Capital Group | Initiated Coverage | Outperform | $162.00 | N/A | |
| 3/28/2016 | Sandler O'Neill | Boost Price Target | Hold | $136.00 | N/A | |
| 3/28/2016 | Credit Suisse Group | Boost Price Target | Outperform | $113.00 -> $145.00 | N/A | |
| 2/4/2016 | Guggenheim | Lower Price Target | | $175.00 -> $170.00 | N/A | |
| 12/10/2015 | SunTrust Banks, Inc. | Boost Price Target | Buy | $168.00 -> $176.00 | N/A | |
| 9/30/2015 | Royal Bank Of Canada | Initiated Coverage | Outperform | $168.00 | N/A | |
(Data available from 9/23/2015 forward)
Earnings History for Signature Bank (NASDAQ:SBNY)Earnings History by Quarter for Signature Bank (NASDAQ SBNY)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/18/2017 | | $2.30 | | | | | N/A | |
| 7/19/2017 | Q2 2017 | $2.22 | $2.21 | $324.44 million | $316.79 million | View | N/A | |
| 4/19/2017 | Q1 2017 | $2.10 | $2.15 | $311.70 million | $311.63 million | View | N/A | |
| 1/19/2017 | Q416 | $2.09 | $2.11 | $308.26 million | $306.89 million | View | Listen | |
| 10/20/2016 | Q316 | $2.04 | $2.11 | $301.53 million | $301.54 million | View | Listen | |
| 7/20/2016 | Q216 | $1.97 | $1.90 | $295.60 million | $294.79 million | View | Listen | |
| 4/20/2016 | Q116 | $1.95 | $1.97 | $282.31 million | $286.77 million | View | Listen | |
| 1/21/2016 | Q415 | $1.93 | $2.01 | $268.49 million | $277.68 million | View | Listen | |
| 10/20/2015 | Q315 | $1.82 | $1.88 | $256.64 million | $257.82 million | View | Listen | |
| 7/21/2015 | Q215 | $1.69 | $1.77 | $241.82 million | $246.06 million | View | Listen | |
| 4/21/2015 | Q115 | $1.59 | $1.64 | $227.62 million | $232.65 million | View | Listen | |
| 1/22/2015 | Q414 | $1.56 | $1.60 | $222.19 million | $223.08 million | View | N/A | |
| 10/21/2014 | Q3 14 | $1.46 | $1.52 | $210.72 million | $213.32 million | View | Listen | |
| 7/22/2014 | Q2 | $1.42 | $1.44 | $202.74 million | $206.10 million | View | N/A | |
| 4/22/2014 | Q114 | $1.35 | $1.37 | $189.50 million | $215.77 million | View | N/A | |
| 1/21/2014 | Q4 13 | $1.26 | $1.34 | $181.32 million | | View | N/A | |
| 10/22/2013 | Q313 | $1.18 | $1.25 | $171.60 million | | View | N/A | |
| 7/23/2013 | Q2 2013 | $1.08 | $1.12 | $161.80 million | | View | N/A | |
| 4/23/2013 | Q1 2013 | $1.04 | $1.06 | $156.66 million | | View | N/A | |
| 1/22/2013 | Q4 2012 | $1.02 | $1.05 | $154.07 million | | View | N/A | |
| 10/23/2012 | | $0.95 | $1.00 | | | View | N/A | |
| 7/24/2012 | | $0.88 | $0.96 | | | View | N/A | |
| 4/24/2012 | | $0.86 | $0.90 | | | View | N/A | |
| 1/24/2012 | | $0.84 | $0.85 | | | View | N/A | |
| 10/25/2011 | | $0.80 | $0.83 | | | View | N/A | |
| 7/26/2011 | | $0.78 | $0.87 | | | View | N/A | |
| 4/26/2011 | | $0.72 | $0.82 | | | View | N/A | |
| 1/25/2011 | | $0.63 | $0.72 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Signature Bank (NASDAQ:SBNY)2017 EPS Consensus Estimate: $9.05
2018 EPS Consensus Estimate: $10.31
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 8 | $2.01 | $2.21 | $2.09 |
| Q2 2017 | 9 | $2.15 | $2.30 | $2.22 |
| Q3 2017 | 8 | $2.20 | $2.42 | $2.33 |
| Q4 2017 | 8 | $2.20 | $2.54 | $2.41 |
| Q1 2018 | 3 | $2.22 | $2.80 | $2.48 |
| Q2 2018 | 4 | $2.25 | $2.86 | $2.52 |
| Q3 2018 | 3 | $2.28 | $2.94 | $2.61 |
| Q4 2018 | 4 | $2.25 | $3.04 | $2.70 |
(Data provided by Zacks Investment Research)
Dividend History for Signature Bank (NASDAQ:SBNY)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading History for Signature Bank (NASDAQ:SBNY)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Signature Bank (NASDAQ:SBNY)
Latest Headlines for Signature Bank (NASDAQ:SBNY)
| Source: |
|
| Date | Headline |
|---|
 | Signature Bank (New York, New York) :SBNY-US: Earnings Analysis: Q2, 2017 By the Numbers : September 22, 2017
finance.yahoo.com - September 23 at 5:16 AM |
 | Signature Bank to Post FY2018 Earnings of $9.00 Per Share, Wedbush Forecasts (SBNY)
www.americanbankingnews.com - September 22 at 11:15 AM |
| Signature Bank (SBNY) Expected to Earn Q3 2017 Earnings of $2.20 Per Share
www.americanbankingnews.com - September 21 at 7:52 AM |
| Signature Bank (SBNY) Cut to Neutral at Wedbush
www.americanbankingnews.com - September 21 at 12:38 AM |
| Bank of America Corporation Cuts Signature Bank (SBNY) Price Target to $165.00
www.americanbankingnews.com - September 20 at 6:24 PM |
| Signature Bank (SBNY) Short Interest Update
www.americanbankingnews.com - September 16 at 1:20 AM |
| Signature Bank (SBNY) Price Target Lowered to $150.00 at Morgan Stanley
www.americanbankingnews.com - September 15 at 2:34 PM |
 | Banking Stock Performance Review -- Signature Bank, United Bankshares, BankUnited, and Citizens Financial
www.bizjournals.com - September 14 at 9:42 AM |
| Hovde Group Upgrades Signature Bank (SBNY) to Market Perform
www.americanbankingnews.com - September 11 at 8:10 AM |
| Signature Bank to Post Q3 2017 Earnings of $2.24 Per Share, Jefferies Group Forecasts (SBNY)
www.americanbankingnews.com - September 11 at 1:20 AM |
| Analysts Expect Signature Bank (SBNY) Will Post Quarterly Sales of $324.99 Million
www.americanbankingnews.com - September 10 at 9:12 AM |
| Zacks: Analysts Anticipate Signature Bank (SBNY) Will Post Earnings of $2.21 Per Share
www.americanbankingnews.com - September 8 at 4:22 AM |
| Signature Bank's (SBNY) Buy Rating Reiterated at Jefferies Group LLC
www.americanbankingnews.com - September 7 at 8:58 PM |
| Signature Bank (SBNY) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - September 6 at 8:32 AM |
| Signature Bank to Present at the Barclays Global Financial Services Conference 2017
finance.yahoo.com - September 6 at 8:00 AM |
| Signature Bank to Present at the Barclays Global Financial Services Conference 2017
finance.yahoo.com - September 6 at 8:00 AM |
| Signature Bank (SBNY) Cut to Hold at ValuEngine
www.americanbankingnews.com - September 2 at 3:44 PM |
 | Signature Bank Expands Private Client Banking Network with Appointment of Two Teams
www.nasdaq.com - August 23 at 11:16 AM |
| Signature Bank (SBNY) Expected to Post Earnings of $2.21 Per Share
www.americanbankingnews.com - August 20 at 12:28 PM |
| Signature Bank (SBNY) Downgraded to Strong Sell at BidaskClub
www.americanbankingnews.com - August 18 at 7:35 PM |
| Signature Bank (SBNY) Receives Average Rating of "Buy" from Brokerages
www.americanbankingnews.com - August 12 at 12:04 PM |
| See what the IHS Markit Score report has to say about Signature Bank.
finance.yahoo.com - August 10 at 7:41 AM |
| Signature Bank (SBNY) Expected to Announce Quarterly Sales of $327.24 Million
www.americanbankingnews.com - August 4 at 7:58 AM |
| Signature Bank (NASDAQ:SBNY) Expected to Post Earnings of $2.22 Per Share
www.americanbankingnews.com - August 2 at 8:14 AM |
| ETFs with exposure to Signature Bank (New York, New York) : July 24, 2017
finance.yahoo.com - July 25 at 6:29 AM |
| Brokers Offer Predictions for Signature Bank's Q3 2017 Earnings (NASDAQ:SBNY)
www.americanbankingnews.com - July 24 at 7:24 AM |
| Signature Bank (NASDAQ:SBNY) Lowered to C+ at TheStreet
www.americanbankingnews.com - July 23 at 9:26 PM |
| Signature Bank (NASDAQ:SBNY) PT Lowered to $162.00 at Deutsche Bank AG
www.americanbankingnews.com - July 20 at 9:02 PM |
| Signature Bank (SBNY) Given Hold Rating at BMO Capital Markets
www.americanbankingnews.com - July 20 at 2:35 PM |
| Signature Bank (SBNY) to Post Q3 2017 Earnings of $2.24 Per Share, Wedbush Forecasts
www.americanbankingnews.com - July 20 at 8:43 AM |
| Edited Transcript of SBNY earnings conference call or presentation 19-Jul-17 2:00pm GMT
finance.yahoo.com - July 20 at 7:31 AM |
| Signature Bank's (NASDAQ:SBNY) "Buy" Rating Reiterated at Maxim Group
www.americanbankingnews.com - July 19 at 4:30 PM |
| Signature Bank (NASDAQ:SBNY) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS
www.americanbankingnews.com - July 19 at 10:55 AM |
 | Signature Bank EPS in-line, misses on revenue
seekingalpha.com - July 19 at 7:36 AM |
 | Signature Bank misses Street 2Q forecasts
www.cnbc.com - July 19 at 7:36 AM |
| Signature Bank Reports 2017 Second Quarter Results
finance.yahoo.com - July 19 at 7:36 AM |
| Signature Bank (SBNY) Receives Consensus Rating of "Buy" from Brokerages
www.americanbankingnews.com - July 18 at 12:45 PM |
| Signature Bank (SBNY) Set to Announce Earnings on Wednesday
www.americanbankingnews.com - July 17 at 8:10 AM |
| Signature Bank's (NASDAQ:SBNY) "Buy" Rating Reaffirmed at Keefe, Bruyette & Woods
www.americanbankingnews.com - July 15 at 1:40 PM |
| ETFs with exposure to Signature Bank (New York, New York) : July 13, 2017
finance.yahoo.com - July 14 at 8:10 AM |
| Signature Bank to Host 2017 Second Quarter Results Conference Call
finance.yahoo.com - July 14 at 8:10 AM |
| BidaskClub Downgrades Signature Bank (NASDAQ:SBNY) to Sell
www.americanbankingnews.com - July 14 at 12:01 AM |
| $324.44 Million in Sales Expected for Signature Bank (SBNY) This Quarter
www.americanbankingnews.com - July 13 at 1:20 PM |
| Jefferies Group Research Analysts Lower Earnings Estimates for Signature Bank (NASDAQ:SBNY)
www.americanbankingnews.com - July 13 at 10:42 AM |
| Signature Bank's (NASDAQ:SBNY) Overweight Rating Reaffirmed at Barclays PLC
www.americanbankingnews.com - July 12 at 9:26 AM |
| Brokerages Expect Signature Bank (NASDAQ:SBNY) to Announce $2.23 EPS
www.americanbankingnews.com - July 11 at 9:40 AM |
| Signature Bank (New York, New York) – Value Analysis (NASDAQ:SBNY) : July 10, 2017
finance.yahoo.com - July 11 at 7:26 AM |
| Signature Bank (New York, New York) breached its 50 day moving average in a Bearish Manner : SBNY-US : July 7, 2017
finance.yahoo.com - July 7 at 9:59 AM |
| Signature Bank (NASDAQ:SBNY) Rating Reiterated by Morgan Stanley
www.americanbankingnews.com - July 7 at 7:42 AM |
| Signature Bank (SBNY) Earns Buy Rating from Jefferies Group LLC
www.americanbankingnews.com - July 2 at 3:08 PM |
Signature Bank (SBNY) Chart for Saturday, September, 23, 2017
