California State Teachers Retirement System raised its position in Signature Bank (NASDAQ:SBNY) by 1.4% in the 4th quarter, Holdings Channel reports. The firm owned 92,020 shares of the bank’s stock after buying an additional 1,262 shares during the period. California State Teachers Retirement System’s holdings in Signature Bank were worth $12,631,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Comerica Bank raised its position in Signature Bank by 8.7% in the fourth quarter. Comerica Bank now owns 85,887 shares of the bank’s stock valued at $13,312,000 after purchasing an additional 6,889 shares during the last quarter. Parnassus Investments CA raised its position in Signature Bank by 22.9% in the fourth quarter. Parnassus Investments CA now owns 1,610,000 shares of the bank’s stock valued at $220,989,000 after purchasing an additional 300,000 shares during the last quarter. Tdam USA Inc. raised its position in Signature Bank by 200.7% in the third quarter. Tdam USA Inc. now owns 12,815 shares of the bank’s stock valued at $1,641,000 after purchasing an additional 8,553 shares during the last quarter. Wells Fargo & Company MN raised its position in Signature Bank by 11.3% in the third quarter. Wells Fargo & Company MN now owns 186,078 shares of the bank’s stock valued at $23,824,000 after purchasing an additional 18,954 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Signature Bank by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 285,641 shares of the bank’s stock worth $36,571,000 after acquiring an additional 3,796 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

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SBNY has been the subject of a number of analyst reports. TheStreet upgraded Signature Bank from a “c+” rating to a “b” rating in a research report on Wednesday, November 29th. BMO Capital Markets restated a “buy” rating and set a $163.00 price objective on shares of Signature Bank in a research report on Wednesday, December 20th. Stephens restated a “buy” rating on shares of Signature Bank in a research report on Friday, January 19th. Piper Jaffray Companies restated a “hold” rating and set a $149.00 price objective on shares of Signature Bank in a research report on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $181.00 price objective on shares of Signature Bank in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. Signature Bank currently has a consensus rating of “Buy” and an average price target of $161.12.

Shares of Signature Bank (NASDAQ SBNY) opened at $146.78 on Friday. Signature Bank has a one year low of $116.68 and a one year high of $161.92. The company has a market capitalization of $8,412.89, a P/E ratio of 20.56, a P/E/G ratio of 1.28 and a beta of 1.11. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.95 and a current ratio of 0.96.

Signature Bank (NASDAQ:SBNY) last released its earnings results on Thursday, January 18th. The bank reported $2.43 EPS for the quarter, topping the consensus estimate of $2.23 by $0.20. Signature Bank had a return on equity of 12.72% and a net margin of 25.71%. The business had revenue of $328.27 million during the quarter, compared to analysts’ expectations of $321.86 million. During the same quarter last year, the firm posted $2.11 earnings per share. analysts forecast that Signature Bank will post 11.13 EPS for the current fiscal year.

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Signature Bank Company Profile

Signature Bank is a full-service commercial bank. The Bank operates over 30 private client offices throughout the New York metropolitan area. Its segments include Commercial Banking and Specialty Finance. It offers a range of business and personal banking products and services. Its specialty finance subsidiary, Signature Financial LLC (Signature Financial), provides equipment finance and leasing services.

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Institutional Ownership by Quarter for Signature Bank (NASDAQ:SBNY)

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