Signature Bank Stock Forecast, Price & News

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Signature Bank in the last twelve months. There are currently 15 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Signature Bank stock.
View analyst ratings for Signature Bank or view top-rated stocks.

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

Signature Bank saw a increase in short interest in August. As of August 13th, there was short interest totaling 1,650,000 shares, an increase of 19.6% from the July 29th total of 1,380,000 shares. Based on an average daily trading volume, of 483,100 shares, the short-interest ratio is currently 3.4 days.
View Signature Bank's Short Interest.

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

Signature Bank (NASDAQ:SBNY) released its quarterly earnings results on Monday, July, 19th. The bank reported $3.57 EPS for the quarter, topping analysts' consensus estimates of $3.13 by $0.44. The bank had revenue of $480.59 million for the quarter, compared to the consensus estimate of $467.43 million. Signature Bank had a net margin of 34.08% and a trailing twelve-month return on equity of 11.80%. During the same period last year, the business earned $2.21 earnings per share.
View Signature Bank's earnings history.

Signature Bank's stock was trading at $100.86 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SBNY stock has increased by 150.7% and is now trading at $252.86.
View which stocks have been most impacted by COVID-19.

Signature Bank announced a quarterly dividend on Tuesday, July 20th. Shareholders of record on Friday, July 30th will be paid a dividend of $0.56 per share on Friday, August 13th. This represents a $2.24 annualized dividend and a yield of 0.89%. The ex-dividend date is Thursday, July 29th.
View Signature Bank's dividend history.

Signature Bank pays an annual dividend of $2.24 per share and currently has a dividend yield of 0.86%. Signature Bank does not yet have a strong track record of dividend growth. The dividend payout ratio of Signature Bank is 22.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Signature Bank will have a dividend payout ratio of 13.54% next year. This indicates that Signature Bank will be able to sustain or increase its dividend.
View Signature Bank's dividend history.

16 equities research analysts have issued 1-year price targets for Signature Bank's shares. Their forecasts range from $107.00 to $375.00. On average, they expect Signature Bank's share price to reach $273.88 in the next year. This suggests a possible upside of 8.3% from the stock's current price.
View analysts' price targets for Signature Bank or view top-rated stocks among Wall Street analysts.

31 employees have rated Signature Bank CEO Joseph J. DePaolo on Glassdoor.com. Joseph J. DePaolo has an approval rating of 54% among Signature Bank's employees. This puts Joseph J. DePaolo in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Signature Bank include The PNC Financial Services Group (PNC), Truist Financial (TFC), SVB Financial Group (SIVB), First Republic Bank (FRC), Fifth Third Bancorp (FITB), Huntington Bancshares (HBAN), KeyCorp (KEY), Regions Financial (RF), M&T Bank (MTB), Western Alliance Bancorporation (WAL), East West Bancorp (EWBC), Zions Bancorporation, National Association (ZION), First Horizon (FHN), First Citizens BancShares (FCNCA) and Commerce Bancshares (CBSH).
View all of SBNY's competitors.

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).

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

Signature Bank's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.87%), BlackRock Inc. (9.62%), Price T Rowe Associates Inc. MD (9.05%), FMR LLC (6.28%), State Street Corp (3.61%) and Mackenzie Financial Corp (2.56%).

SBNY stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, EJF Capital LLC, Epoch Investment Partners Inc., American Century Companies Inc., Boston Trust Walden Corp, Point72 Asset Management L.P., Squarepoint Ops LLC, and Scout Investments Inc..

SBNY stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Clearbridge Investments LLC, Artemis Investment Management LLP, Rathbone Brothers plc, Ardevora Asset Management LLP, Invesco Ltd., Bank of Montreal Can, and Parnassus Investments CA.

Shares of SBNY 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.

One share of SBNY stock can currently be purchased for approximately $252.86.

Signature Bank has a market capitalization of $13.54 billion and generates $2.01 billion in revenue each year. The bank earns $528.36 million in net income (profit) each year or $9.96 on an earnings per share basis.

Signature Bank employs 1,652 workers across the globe.

The following companies are subsidiares of Signature Bank: Signature Financial LLC, and Signature Preferred Capital Inc..

Signature Bank was founded in 2001.

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

Signature Bank is headquartered at 565 Fifth Avenue, New York NY, 10017.

Signature Bank's mailing address is 565 Fifth Avenue, New York NY, 10017. The bank can be reached via phone at (646) 822-1402 or via email at [email protected].