Signature Bank (NASDAQ:SBNY – Get Free Report) rose 47.2% during mid-day trading on Thursday. The stock traded as high as $0.2650 and last traded at $0.2650. Approximately 2,918,505 shares changed hands during trading, an increase of 2,526% from the average session volume of 111,125 shares. The stock had previously closed at $0.18.
Signature Bank Stock Up 47.2%
The company’s fifty day simple moving average is $0.25 and its 200 day simple moving average is $0.50. The firm has a market capitalization of $16.68 million, a PE ratio of 0.15 and a beta of 12.61.
Signature Bank Company Profile
Signature Bank was a New York-based full-service commercial bank that served privately owned businesses, their owners and senior managers. Founded in 2001, the bank provided relationship-based banking through private client banking teams and operated primarily in the New York metropolitan area, with additional offices in California and North Carolina.
The bank offered business and personal deposit accounts, commercial lending, commercial real estate financing, multifamily and construction loans, wealth management, and other banking services.
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