Signature Bank (SBNY) – Recent Changes to Investment Analyst Ratings


Signature Bank (NASDAQ: SBNY) recently received a number of rating updates from brokerages and research firms:

  • 05/20/2022 – Signature Bank has had its price target lowered by Piper Sandler analysts from $375.00 to $325.00. They now have an “overweight” rating on the stock.
  • 05/16/2022 – Signature Bank has had its price target lowered by Raymond James analysts from $400.00 to $350.00.
  • 05/13/2022 – Signature Bank has been updated by analysts at StockNews.com from a “sell” rating to a “hold” rating.
  • 05/05/2022 – Signature Bank has been downgraded by analysts to StockNews.com from a “hold” rating to a “sell” rating.
  • 04/20/2022 – Signature Bank has had its price target lowered by Raymond James analysts from $430.00 to $400.00. They now have a “Strong Buy” rating on the stock.
  • 04/20/2022 – Signature Bank has had its price target lowered by Wells Fargo & Company analysts from $435.00 to $408.00. They now have an “overweight” rating on the stock.
  • 04/20/2022 – Signature Bank has had its price target raised by JPMorgan Chase & Co. analysts from $440.00 to $460.00. They now have an “overweight” rating on the stock.
  • 04/20/2022 – Signature Bank has had its price target lowered by Wedbush analysts from $415.00 to $375.00. They now have a “buy” rating on the stock.
  • 03/31/2022 – Signature Bank is now covered by analysts at StockNews.com. They have placed a “holding” rating on the stock.
  • 03/28/2022 – Signature Bank has had its price target lowered by Morgan Stanley analysts from $508.00 to $428.00. They now have an “overweight” rating on the stock.

NASDAQ SBNY traded at $5.44 during Thursday’s trading, reaching $203.46. 1,193,127 shares of the company were traded, with an average volume of 1,000,252. Signature Bank has a fifty-two week low of $179.05 and a fifty-two week high of $374.76. The company has a market capitalization of $12.34 billion, a PE ratio of 11.91, a P/E/G ratio of 0.90 and a beta of 1.78. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt ratio of 0.37. The company’s fifty-day simple moving average is $256.74 and its 200-day simple moving average is $300.83.

Signature Bank (NASDAQ: SBNYGet a rating) last announced its quarterly results on Tuesday, April 19. The bank reported earnings per share (EPS) of $5.30 for the quarter, beating the consensus estimate of $4.31 by $0.99. The company posted revenue of $607.96 million in the quarter, versus analyst estimates of $608.85 million. Signature Bank had a return on equity of 13.97% and a net margin of 43.29%. During the same period of the previous year, the company achieved EPS of $3.24. Equity analysts expect Signature Bank to post an EPS of 22.02 for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 13. Shareholders of record on Friday, April 29 received a dividend of $0.56 per share. The ex-dividend date was Thursday, April 28. This represents an annualized dividend of $2.24 and a dividend yield of 1.10%. Signature Bank’s dividend payout ratio is 13.11%.

Institutional investors have recently changed their positions in the company. Vanguard Group Inc. increased its position in Signature Bank by 6.5% in Q1. Vanguard Group Inc. now owns 6,161,104 shares of the bank worth $1,808,223,000 after purchasing an additional 378,308 shares during the period. BlackRock Inc. increased its position in Signature Bank shares by 7.1% during the first quarter. BlackRock Inc. now owns 4,682,876 shares of the bank worth $1,374,378,000 after acquiring 310,514 additional shares in the last quarter. Capital International Investors increased its stake in Signature Bank by 72.7% in the first quarter. Capital International Investors now owns 3,198,719 shares of the bank valued at $939,240,000 after buying an additional 1,346,224 shares in the last quarter. State Street Corp increased its stake in Signature Bank by 1.8% in the first quarter. State Street Corp now owns 3,090,146 shares of the bank valued at $906,927,000 after buying an additional 55,225 shares in the last quarter. Finally, Invesco Ltd. increased its equity stake in Signature Bank by 31.7% in the fourth quarter. Invesco Ltd. now owns 1,474,903 shares of the bank worth $477,086,000 after acquiring 354,746 additional shares last quarter. Institutional investors and hedge funds own 96.17% of the company’s shares.

Signature Bank provides commercial banking products and services. It accepts various deposit products, including checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, certificates of deposit, and other cash management products. The Company offers various loan products including commercial and industrial loans, real estate loans and letters of credit.

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