Signature Bank (NASDAQ: SBNY) was the recipient of a ratings changes during the seven days:
Signature Bank had its price target raised by analysts at FBR Capital from $65.00 to $70.00. They now have an “outperform” rating on the stock.
Signature Bank had its price target raised by analysts at Barclays Capital from $60.00 to $65.00. They now have an “equal weight” rating on the stock.
Signature Bank was downgraded by analysts at Zacks Investment Research from an “outperform” rating to a “neutral” rating.
Signature Bank had its “buy” rating re-affirmed by analysts at Goldman Sachs.
Signature Bank Corporate Information:
Signature Bank (the Bank) is a full-service commercial bank with 24 private client offices located in the New York metropolitan area serving the needs of privately owned business clients and their owners and senior managers. It offers a variety of business and personal banking products and services through the Bank, as well as investment, brokerage, asset management and insurance products and services through its wholly owned subsidiary, Signature Securities Group Corporation (Signature Securities), a licensed broker-dealer and investment adviser. Through Signature Securities, it also purchases, securitizes and sells the guaranteed portions of the United States Small Business Administration (SBA) loans. It offers a variety of deposit, escrow deposit, credit, cash management, investment and insurance products and services to its clients. As of December 31, 2010, it maintained 70,000 deposit accounts, 7,400 investment accounts, 8,900 loan accounts and 13,500 client relationships.
Signature Bank traded down 0.38% on Monday, hitting $58.17. Signature Bank has a 52-week low of $44.07 and a 52-week high of $64.28. The stock has a 50-day moving average of $60.37 and a 200-day moving average of $55.59. The company has a market cap of $2.686 billion and a price-to-earnings ratio of 17.33.