Signature Bank (NASDAQ:SBNY) Trading Down 6.3% – Should You Sell?

Shares of Signature Bank (NASDAQ:SBNYGet Free Report) were down 6.3% during trading on Monday . The company traded as low as $0.14 and last traded at $0.30. Approximately 653 shares traded hands during trading, a decline of 99% from the average session volume of 104,967 shares. The stock had previously closed at $0.32.

Signature Bank Stock Performance

The company has a market capitalization of $31.46 million, a P/E ratio of 0.15 and a beta of 11.82. The firm’s fifty day moving average is $0.34 and its 200 day moving average is $0.50.

About Signature Bank

(Get Free Report)

Signature Bank was a full-service commercial bank headquartered in New York City, founded in 2001. It focused on serving privately owned businesses, their owners and senior managers, real estate investors, and private equity firms. The bank operated through relationship-driven banking, providing deposit, lending and treasury management services to a range of corporate and individual clients.

Its core offerings included commercial real estate financing, business and industrial lending, and working capital solutions tailored to owner-managed enterprises.

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