Signature Bank (NASDAQ:SBNY – Get Free Report) was down 5.1% during mid-day trading on Monday . The company traded as low as $0.40 and last traded at $0.56. Approximately 13,934 shares changed hands during trading, a decline of 57% from the average daily volume of 32,102 shares. The stock had previously closed at $0.59.
Signature Bank Trading Down 5.1%
The company’s 50 day simple moving average is $0.67 and its 200 day simple moving average is $0.81. The stock has a market capitalization of $35.24 million, a PE ratio of 0.15 and a beta of 12.08.
About Signature Bank
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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