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Signature Bank - SBNY Stock Forecast, Price & News

$134.85
-4.08 (-2.94%)
(As of 02/6/2023 12:00 AM ET)
Add
Compare
Today's Range
$133.94
$137.86
50-Day Range
$110.84
$143.17
52-Week Range
$106.81
$355.51
Volume
1.06 million shs
Average Volume
1.49 million shs
Market Capitalization
$8.49 billion
P/E Ratio
6.49
Dividend Yield
2.02%
Price Target
$186.29

Signature Bank MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
38.1% Upside
$186.29 Price Target
Short Interest
Bearish
6.31% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.18
Upright™ Environmental Score
News Sentiment
1.24mentions of Signature Bank in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.79%
From $15.01 to $16.33 Per Share

Overall MarketRank

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

3.14 out of 5 stars

Finance Sector

22nd out of 850 stocks

State Commercial Banks Industry

3rd out of 177 stocks

SBNY stock logo

About Signature Bank (NASDAQ:SBNY) Stock

Signature Bank engages in the provision of commercial banking services. It operates through the Commercial Banking and Specialty Finance segments. 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. The company was founded by John Tamberlane, Scott Aaron Shay, and Joseph J. DePaolo in September 2000 and is headquartered in New York, NY.

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SBNY Stock News Headlines

Goldman Sachs, Shockwave fall; Morgan Stanley, Roblox rise
Stocks that traded heavily or had substantial price changes Tuesday: Goldman Sachs, Shockwave fall; Morgan Stanley, Roblox rise
Crypto Fears Bit at Signature Bank, but for No Good Reason
"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
Signature Bank's Earnings Outlook
Why is Signature Bank (SBNY) Stock Out of Investor Favor?
Signature Bank: Baby With The Bathwater
Why Signature Bank Stock Fell 11.2% This Week
See More Headlines
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SBNY Company Calendar

Ex-Dividend for 11/10 Dividend
10/27/2022
Dividend Payable
11/10/2022
Last Earnings
1/17/2023
Ex-Dividend for 2/10 Dividend
1/26/2023
Today
2/06/2023
Dividend Payable
2/10/2023
Next Earnings (Estimated)
4/18/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:SBNY
CUSIP
82669G10
Employees
1,854
Year Founded
2001

Price Target and Rating

Average Stock Price Forecast
$186.29
High Stock Price Forecast
$288.00
Low Stock Price Forecast
$124.00
Forecasted Upside/Downside
+38.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
14 Analysts

Profitability

Net Income
$1.34 billion
Pretax Margin
47.30%

Debt

Sales & Book Value

Annual Sales
$3.71 billion
Cash Flow
$20.28 per share
Book Value
$127.33 per share

Miscellaneous

Free Float
61,985,000
Market Cap
$8.49 billion
Optionable
Optionable
Beta
1.64

Social Links


Key Executives

  • Joseph J. DePaolo
    President, Chief Executive Officer & Director
  • Eric R. Howell
    COO, Executive VP-Corporate & Business Development
  • Stephen Wyremski
    Chief Financial Officer & Senior Vice President
  • Michael Sharkey
    Chief Technology Officer & Senior Vice President
  • Thomas Kasulka
    Chief Lending Officer & Executive Vice President













SBNY Stock - Frequently Asked Questions

Should I buy or sell Signature Bank stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Signature Bank in the last twelve months. There are currently 5 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities 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?

14 brokerages have issued twelve-month target prices for Signature Bank's stock. Their SBNY share price forecasts range from $124.00 to $288.00. On average, they anticipate the company's stock price to reach $186.29 in the next year. This suggests a possible upside of 36.7% 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 2023?

Signature Bank's stock was trading at $115.22 on January 1st, 2023. Since then, SBNY stock has increased by 18.3% and is now trading at $136.28.
View the best growth stocks for 2023 here
.

Are investors shorting Signature Bank?

Signature Bank saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 3,970,000 shares, an increase of 18.5% from the December 31st total of 3,350,000 shares. Based on an average daily trading volume, of 1,230,000 shares, the days-to-cover ratio is presently 3.2 days.
View Signature Bank's Short Interest
.

When is Signature Bank's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 18th 2023.
View our SBNY earnings forecast
.

How were Signature Bank's earnings last quarter?

Signature Bank (NASDAQ:SBNY) released its earnings results on Tuesday, January, 17th. The bank reported $4.65 EPS for the quarter, missing analysts' consensus estimates of $4.92 by $0.27. The bank earned $683.90 million during the quarter, compared to the consensus estimate of $687 million. Signature Bank had a net margin of 36.03% and a trailing twelve-month return on equity of 16.76%.

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

Signature Bank announced a quarterly dividend on Tuesday, January 17th. Shareholders of record on Friday, January 27th will be paid a dividend of $0.70 per share on Friday, February 10th. This represents a $2.80 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Thursday, January 26th. This is an increase from the stock's previous quarterly dividend of $0.56.
Read our dividend analysis for SBNY
.

Is Signature Bank a good dividend stock?

Signature Bank (NASDAQ:SBNY) pays an annual dividend of $2.80 per share and currently has a dividend yield of 2.02%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBNY will have a dividend payout ratio of 17.15% 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 number of retail and institutional investors. Top institutional investors include Parnassus Investments LLC (2.08%), Wedge Capital Management L L P NC (0.39%), Artemis Investment Management LLP (0.33%), Sumitomo Mitsui Trust Holdings Inc. (0.31%), Boston Trust Walden Corp (0.27%) and Reinhart Partners Inc. (0.20%).

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 $136.28.

How much money does Signature Bank make?

Signature Bank (NASDAQ:SBNY) has a market capitalization of $8.58 billion and generates $3.71 billion in revenue each year. The bank earns $1.34 billion in net income (profit) each year or $20.78 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) 822-1500, via email at ehowell@signatureny.com, or via fax at 646-822-1520.

This page (NASDAQ:SBNY) was last updated on 2/6/2023 by MarketBeat.com Staff