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NASDAQ:SBNY

Signature Bank Stock Forecast, Price & News

$121.71
+5.73 (+4.94 %)
(As of 12/2/2020 03:59 PM ET)
Add
Compare
Today's Range
$115.00
Now: $121.71
$122.86
50-Day Range
$76.01
MA: $93.41
$116.46
52-Week Range
$68.98
Now: $121.71
$148.64
Volume35,264 shs
Average Volume548,961 shs
Market Capitalization$6.52 billion
P/E Ratio12.83
Dividend Yield2.00%
Beta1.74
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 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 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 July 8, 2020, the company operated 32 private client offices located in the New York metropolitan area, including Greenwich, Connecticut, as well as in San Francisco and Charlotte, N.C. Signature Bank was incorporated in 2000 and is headquartered in New York, New York.
Signature Bank logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 3.1Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 4.4 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.82 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:SBNY
CUSIP82669G10
Phone646-822-1500
Employees1,472

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.94 billion
Cash Flow$19.05 per share
Book Value$89.12 per share

Profitability

Net Income$588.93 million

Miscellaneous

Market Cap$6.52 billion
Next Earnings Date1/19/2021 (Estimated)
OptionableOptionable
$121.71
+5.73 (+4.94 %)
(As of 12/2/2020 03:59 PM 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 price 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 20.8% and is now trading at $121.88.
View which stocks have been most impacted by COVID-19
.

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

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Signature Bank in the last year. There are currently 3 hold ratings, 11 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Signature Bank
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Signature Bank?

Wall Street analysts have given Signature Bank a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Signature Bank wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Signature Bank's next earnings date?

Signature Bank is scheduled to release its next quarterly earnings announcement on Tuesday, January 19th 2021.
View our earnings forecast for Signature Bank
.

How were Signature Bank's earnings last quarter?

Signature Bank (NASDAQ:SBNY) issued its earnings results on Tuesday, October, 20th. The bank reported $2.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.78 by $0.16. The bank had revenue of $412.93 million for the quarter, compared to the consensus estimate of $420.47 million. Signature Bank had a return on equity of 10.74% and a net margin of 26.12%. During the same quarter last year, the firm posted $2.75 earnings per share.
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, October 20th. Stockholders of record on Monday, November 2nd will be paid a dividend of $1.12 per share on Friday, November 13th. This represents a $4.48 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Friday, October 30th. This is an increase from Signature Bank's previous quarterly dividend of $0.56.
View Signature Bank's dividend history
.

What price target have analysts set for SBNY?

15 Wall Street analysts have issued twelve-month price objectives 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 $123.80 in the next twelve months. This suggests a possible upside of 1.6% from the stock's current price.
View analysts' price targets for Signature Bank
.

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 The 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).

Who are Signature Bank's key executives?

Signature Bank's management team includes the following people:
  • Mr. Scott Aaron Shay, Co-Founder & Chairman (Age 62, Pay $2.23M)
  • Mr. Joseph John DePaolo, Co-Founder, Pres, CEO & Director (Age 61, Pay $4.07M)
  • Mr. John Tamberlane, Co-Founder, Vice Chairman (Age 78, Pay $1.27M)
  • Mr. Vito Susca, Exec. VP & CFO (Age 51, Pay $952.61k)
  • Mr. Mark T. Sigona, Exec. VP & COO (Age 58, Pay $1.21M)
  • Mr. Michael Sharkey, Sr. VP & CTO (Age 62)
  • Mr. Eric Raymond Howell, Exec. VP of Corp. & Bus. Devel. (Age 50)
  • Ms. Ana M. Harris, Director, HR
  • Mr. Thomas A. Rogers, Head of Private Client Group Team
  • Mr. Craig Spatz, Sr. VP & Group Director of Woodmere Office

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (9.06%), Alecta Pensionsforsakring Omsesidigt (4.82%), State Street Corp (4.04%), JPMorgan Chase & Co. (3.01%), Massachusetts Financial Services Co. MA (2.04%) and Fort Washington Investment Advisors Inc. OH (1.66%).

Which institutional investors are selling Signature Bank stock?

SBNY stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, BlackRock Inc., ArrowMark Colorado Holdings LLC, CI Investments Inc., Segall Bryant & Hamill LLC, Alecta Pensionsforsakring Omsesidigt, Maltese Capital Management LLC, and MUFG Securities EMEA plc.

Which institutional investors are buying Signature Bank stock?

SBNY stock was bought by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, Arrowstreet Capital Limited Partnership, Boston Trust Walden Corp, JPMorgan Chase & Co., Morgan Stanley, Cubist Systematic Strategies LLC, Voloridge Investment Management LLC, and Fort Washington Investment Advisors Inc. OH.

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 $121.88.

How big of a company is Signature Bank?

Signature Bank has a market capitalization of $6.53 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 12/2/2020 by MarketBeat.com Staff

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