NASDAQ:SBNYSignature Bank Stock Price, Forecast & News

$102.91

-3.64 (-3.42 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$102.60

Now: $102.91▼

$106.06

50-Day Range

$81.46

MA: $95.36▼

$110.54

52-Week Range

$68.98

Now: $102.91▼

$148.64

Volume987,197 shs

Average Volume542,682 shs

Market Capitalization$5.51 billion

P/E Ratio10.16

Dividend Yield2.10%

Beta1.8

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.

Beat the Market (BTM) Rank^™

3.4 Analyst's Opinion

Consensus Rating
Signature Bank has received a consensus rating of Buy. The company's average rating score is 2.85, and is based on 9 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $125.15, Signature Bank has a potential upside of 21.6% from its current price of $102.91.
Amount of Analyst Coverage
Signature Bank has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.1 Community Rank

Outperform Votes
Signature Bank has received 653 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Signature Bank has received 414 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Signature Bank has received 61.20% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Signature Bank and other stocks. Vote “Outperform” if you believe SBNY will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SBNY will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Signature Bank is a leading dividend payer. It pays a dividend yield of 2.10%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Signature Bank has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Signature Bank is 20.63 %. 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 21.03 % next year. This indicates that Signature Bank will be able to sustain or increase its dividend.

1.0 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 Institutions
92.18% of the stock of Signature Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Signature Bank are expected to grow by 15.51% in the coming year, from $9.22 to $10.65 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Signature Bank is 10.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.35.
Price to Earnings Ratio vs. Sector
The P/E ratio of Signature Bank is 10.16, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.16.
Price to Earnings Growth Ratio
Signature Bank has a PEG Ratio of 1.26. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Signature Bank has a P/B Ratio of 1.16. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.55 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:SBNY

Previous Symbol

CUSIP82669G10

CIK1288784

Webwww.signatureny.com

Phone646-822-1500

Debt

Debt-to-Equity Ratio1.07

Current Ratio0.99

Quick Ratio0.98

Price-To-Earnings

Trailing P/E Ratio10.16

Forward P/E Ratio11.16

P/E Growth1.26

Sales & Book Value

Annual Sales$1.94 billion

Price / Sales2.84

Cash Flow$12.58 per share

Price / Cash Flow8.18

Book Value$88.94 per share

Price / Book1.16

Profitability

EPS (Most Recent Fiscal Year)$10.86

Net Income$588.93 million

Net Margins27.75%

Return on Equity11.50%

Return on Assets1.08%

Miscellaneous

Employees1,472

Outstanding Shares53,565,000

Market Cap$5.51 billion

Next Earnings Date7/16/2020 (Estimated)

OptionableOptionable

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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 increased by 2.0% and is now trading at $102.91. View which stocks have been most impacted by Coronavirus.

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

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Signature Bank in the last year. There are currently 3 hold ratings, 9 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, July 16th 2020. View our earnings forecast for Signature Bank.

How were Signature Bank's earnings last quarter?

Signature Bank (NASDAQ:SBNY) posted its quarterly earnings results on Thursday, April, 23rd. The bank reported $1.88 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $2.19 by $0.31. The bank had revenue of $362.44 million for the quarter, compared to analysts' expectations of $343.96 million. Signature Bank had a net margin of 27.75% and a return on equity of 11.50%. During the same period in the prior year, the firm posted $2.69 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 Tuesday, January 21st. Investors 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 yield of 2.18%. The ex-dividend date of this dividend is Thursday, January 30th. View Signature Bank's dividend history.

What price target have analysts set for SBNY?

13 Wall Street analysts have issued 1 year price objectives for Signature Bank's shares. Their forecasts range from $100.00 to $161.00. On average, they expect Signature Bank's share price to reach $125.15 in the next year. This suggests a possible upside of 21.6% from the stock's current price. View analysts' price targets for Signature Bank.

Has Signature Bank been receiving favorable news coverage?

Media headlines about SBNY stock have trended negative on Saturday, InfoTrie Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Signature Bank earned a coverage optimism score of -2.4 on InfoTrie's scale. They also assigned news articles about the bank a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutSignature Bank.

Are investors shorting Signature Bank?

Signature Bank saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,410,000 shares, an increase of 15.6% from the April 30th total of 1,220,000 shares. Based on an average daily volume of 588,200 shares, the days-to-cover ratio is currently 2.4 days. Currently, 2.6% of the company's shares are sold short. View Signature Bank's Current Options Chain.

Who are some of Signature Bank's key competitors?

Some companies that are related to Signature Bank include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Zions Bancorporation NA (ZION), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR). View all 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 Visa (V), Walt Disney (DIS), NVIDIA (NVDA), Alibaba Group (BABA), Gilead Sciences (GILD), Broadcom (AVGO), JPMorgan Chase & Co. (JPM), salesforce.com (CRM), UnitedHealth Group (UNH) and Wells Fargo & Co (WFC).

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 a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.63%), State Street Corp (4.05%), Massachusetts Financial Services Co. MA (2.45%), JPMorgan Chase & Co. (1.86%), William Blair Investment Management LLC (1.76%) and First Pacific Advisors LP (1.52%).

Which major investors are selling Signature Bank stock?

SBNY stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, AQR Capital Management LLC, BlackRock Inc., Janus Henderson Group PLC, Nuveen Asset Management LLC, Wellington Management Group LLP, Mackay Shields LLC, and KBC Group NV.

Which major investors are buying Signature Bank stock?

SBNY stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Alyeska Investment Group L.P., Invesco Ltd., Mirova US LLC, Fred Alger Management LLC, Fort Washington Investment Advisors Inc. OH, Tandem Investment Advisors Inc., and Massachusetts Financial Services Co. MA.

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 $102.91.

How big of a company is Signature Bank?

Signature Bank has a market capitalization of $5.51 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 5/30/2020 by MarketBeat.com Staff