NASDAQ:SBNY - Signature Bank Stock Price, Forecast & News

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

Signature Bank announced a quarterly dividend on Tuesday, January 21st. Stockholders of record on Friday, January 31st will be paid a dividend of $0.56 per share on Friday, February 14th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Thursday, January 30th. View Signature Bank's Dividend History.

Signature Bank (NASDAQ:SBNY) announced its quarterly earnings results on Tuesday, January, 21st. The bank reported $2.78 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $2.69 by $0.09. The bank had revenue of $345.58 million for the quarter, compared to analyst estimates of $335.91 million. Signature Bank had a net margin of 30.36% and a return on equity of 12.57%. During the same period in the prior year, the firm earned $2.94 earnings per share. View Signature Bank's Earnings History.

Signature Bank is scheduled to release their next quarterly earnings announcement on Wednesday, April 15th 2020. View Earnings Estimates for Signature Bank.

9 Wall Street analysts have issued 1 year price objectives for Signature Bank's stock. Their forecasts range from $130.00 to $154.00. On average, they anticipate Signature Bank's share price to reach $142.38 in the next year. This suggests that the stock has a possible downside of 2.7%. View Analyst Price Targets for Signature Bank.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Signature Bank in the last year. There are currently 3 hold ratings, 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Signature Bank.

News stories about SBNY stock have trended very negative on Saturday, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Signature Bank earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned media stories about the bank a news buzz of 3.0 out of 10, meaning that recent press coverage is unlikely to have an effect on the company's share price in the next few days. View News Stories for Signature Bank.

Signature Bank saw a increase in short interest in December. As of December 31st, there was short interest totalling 1,520,000 shares, an increase of 10.9% from the December 15th total of 1,370,000 shares. Based on an average daily volume of 343,600 shares, the days-to-cover ratio is presently 4.4 days. Currently, 2.8% of the company's shares are short sold. View Signature Bank's Current Options Chain.

Some companies that are related to Signature Bank include PNC Financial Services Group (PNC), Truist Financial (TFC), SunTrust Banks (STI), M&T Bank (MTB), Fifth Third Bancorp (FITB), First Republic Bank (FRC), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Zions Bancorporation NA (ZION), Commerce Bancshares (CBSH), TCF Financial (TCF), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Signature Bank investors own include NVIDIA (NVDA), Visa (V), Alibaba Group (BABA), Walt Disney (DIS), Wells Fargo & Co (WFC), Broadcom (AVGO), Gilead Sciences (GILD), Netflix (NFLX), Skyworks Solutions (SWKS) and salesforce.com (CRM).

Signature Bank's stock is owned by many different of retail and institutional investors. Top institutional investors include Wedge Capital Management L L P NC (1.29%), Tandem Investment Advisors Inc. (0.31%), Boston Trust Walden Corp (0.27%), Assenagon Asset Management S.A. (0.22%), New York State Teachers Retirement System (0.15%) and Gateway Investment Advisers LLC (0.06%).

SBNY stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Boenning & Scattergood Inc., Nisa Investment Advisors LLC, Gateway Investment Advisers LLC, Strs Ohio, First Midwest Bank Trust Division, State of Alaska Department of Revenue and New York State Teachers Retirement System.

SBNY stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Boston Trust Walden Corp, Tandem Investment Advisors Inc., Tocqueville Asset Management L.P., Ingalls & Snyder LLC, AE Wealth Management LLC and 6 Meridian.

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.

One share of SBNY stock can currently be purchased for approximately $146.28.

Signature Bank has a market capitalization of $7.93 billion and generates $1.94 billion in revenue each year. The bank earns $505.34 million in net income (profit) each year or $10.86 on an earnings per share basis. Signature Bank employs 1,393 workers across the globe.View Additional Information About Signature Bank.

The official website for Signature Bank is http://www.signatureny.com/.

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]