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Signature Bank Stock Forecast, Price & News

-0.09 (-0.11 %)
(As of 09/25/2020 12:00 AM ET)
Today's Range
Now: $84.00
50-Day Range
MA: $98.25
52-Week Range
Now: $84.00
Volume363,456 shs
Average Volume491,295 shs
Market Capitalization$4.50 billion
P/E Ratio8.73
Dividend Yield2.66%
Signature Bank provides various business and personal banking products and services. It accepts various deposit products, including commercial checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, interest-bearing and non-interest-bearing checking accounts, certificates of deposit, time deposits, and other cash management products. The company also offers loan products comprising commercial and industrial loans; real estate loans, such as loans secured by commercial and residential properties, and construction and land loans; temporary financing for commercial and residential properties; letters of credit; and personal lines of credit and loans to acquire personal assets, as well as asset-based lending, mortgages, home equity loans, and credit card accounts. In addition, it provides investment, brokerage, and asset management products and services; retirement products, such as individual retirement accounts and administrative services for retirement vehicles, which include pension, profit sharing, and 401(k) plans to its clients, as well as business retirement accounts; and a range of financing and leasing products consisting of equipment, transportation, taxi medallion, commercial marine, and municipal and national franchise financing services. Further, the company offers wealth management services to its high net worth personal clients; and a range of individual and group insurance products that comprise health, life, disability, and long-term care insurance products as an agent. Additionally, it purchases, securitizes, and sells guaranteed portions of the U.S. small business administration loans. As of December 31, 2017, the company operated 30 private client offices located in the New York metropolitan area, which included Manhattan, Brooklyn, Westchester, Long Island, Queens, the Bronx, Staten Island, and Connecticut. Signature Bank was incorporated in 2000 and is headquartered in New York, New York.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 3.1Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.63 out of 5 stars

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
Current SymbolNASDAQ:SBNY



Sales & Book Value

Annual Sales$1.94 billion
Cash Flow$12.10 per share
Book Value$89.12 per share


Net Income$588.93 million


Market Cap$4.50 billion
Next Earnings Date10/15/2020 (Estimated)
-0.09 (-0.11 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Signature Bank (NASDAQ:SBNY) Frequently Asked Questions

How has Signature Bank's stock been impacted by COVID-19 (Coronavirus)?

Signature Bank's stock was trading at $100.86 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SBNY shares have decreased by 16.7% and is now trading at $84.00.
View which stocks have been most impacted by COVID-19

Do Wall Street analysts recommend investors buy shares of Signature Bank?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Signature Bank in the last year. There are currently 3 hold ratings, 8 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Signature Bank

When is Signature Bank's next earnings date?

Signature Bank is scheduled to release its next quarterly earnings announcement on Thursday, October 15th 2020.
View our earnings forecast for Signature Bank

How were Signature Bank's earnings last quarter?

Signature Bank (NASDAQ:SBNY) announced its quarterly earnings data on Tuesday, July, 21st. The bank reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.27 by $0.06. The bank had revenue of $399.80 million for the quarter, compared to the consensus estimate of $387.76 million. Signature Bank had a net margin of 26.12% and a return on equity of 10.74%. During the same period last year, the business earned $2.83 EPS.
View Signature Bank's earnings history

How often does Signature Bank pay dividends? What is the dividend yield for Signature Bank?

Signature Bank announced a quarterly dividend on Wednesday, July 22nd. Investors of record on Friday, July 31st will be given a dividend of $0.56 per share on Friday, August 14th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Thursday, July 30th.
View Signature Bank's dividend history

What price target have analysts set for SBNY?

12 Wall Street analysts have issued 12 month price targets for Signature Bank's stock. Their forecasts range from $100.00 to $161.00. On average, they anticipate Signature Bank's share price to reach $128.83 in the next twelve months. This suggests a possible upside of 53.4% from the stock's current price.
View analysts' price targets for Signature Bank

Are investors shorting Signature Bank?

Signature Bank saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,700,000 shares, an increase of 14.9% from the August 31st total of 1,480,000 shares. Based on an average daily trading volume, of 411,500 shares, the short-interest ratio is presently 4.1 days. Currently, 3.1% of the company's shares are sold short.
View Signature Bank's Short Interest

Who are some of Signature Bank's key competitors?

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), Alibaba Group (BABA), NVIDIA (NVDA), Visa (V), AbbVie (ABBV), Broadcom (AVGO), Gilead Sciences (GILD), JPMorgan Chase & Co. (JPM), QUALCOMM (QCOM) and salesforce.com (CRM).

Who are Signature Bank's key executives?

Signature Bank's management team includes the following people:
  • Mr. Scott Aaron Shay, Co-Founder & Chairman (Age 61)
  • Mr. Joseph John DePaolo, Co-Founder, Pres, CEO & Director (Age 60)
  • Mr. John Tamberlane, Co-Founder & Vice Chairman (Age 77)
  • Mr. Vito Susca, Exec. VP & CFO (Age 50)
  • Mr. Mark T. Sigona, Exec. VP & COO (Age 57)

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 many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.00%), FMR LLC (6.52%), Nordea Investment Management AB (5.65%), Fort Washington Investment Advisors Inc. OH (1.55%), Bank of New York Mellon Corp (1.27%) and Goldman Sachs Group Inc. (1.17%).

Which major investors are selling Signature Bank stock?

SBNY stock was sold by a variety of institutional investors in the last quarter, including Davis Capital Partners LLC, AQR Capital Management LLC, Barclays PLC, Goldman Sachs Group Inc., Vanguard Group Inc., Wedge Capital Management L L P NC, Alyeska Investment Group L.P., and UBS Group AG.

Which major investors are buying Signature Bank stock?

SBNY stock was purchased by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, FMR LLC, Balyasny Asset Management LLC, Epoch Investment Partners Inc., Azora Capital LP, Prudential Financial Inc., Gillson Capital LP, and Mackay Shields LLC.

How do I buy shares of Signature Bank?

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.

What is Signature Bank's stock price today?

One share of SBNY stock can currently be purchased for approximately $84.00.

How big of a company is Signature Bank?

Signature Bank has a market capitalization of $4.50 billion and generates $1.94 billion in revenue each year. The bank earns $588.93 million in net income (profit) each year or $10.86 on an earnings per share basis. Signature Bank employs 1,472 workers across the globe.

What is Signature Bank's official website?

The official website for Signature Bank is www.signatureny.com.

How can I contact Signature Bank?

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]

This page was last updated on 9/27/2020 by MarketBeat.com Staff

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