Signature Bank (SBNY) Getting Somewhat Positive News Coverage, Report Finds
News coverage about Signature Bank (NASDAQ:SBNY) has trended somewhat positive on Wednesday, Accern Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Signature Bank earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 46.6198504276058 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several analysts have recently weighed in on the company. UBS assumed coverage on Signature Bank in a report on Wednesday. They set a “neutral” rating on the stock. Keefe, Bruyette & Woods restated a “buy” rating and set a $181.00 price target on shares of Signature Bank in a report on Tuesday, February 27th. BMO Capital Markets boosted their price target on Signature Bank to $192.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. Maxim Group boosted their price target on Signature Bank from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, January 19th. Finally, Stephens restated a “buy” rating on shares of Signature Bank in a report on Friday, January 19th. 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 company. The company has a consensus rating of “Buy” and a consensus target price of $161.00.
Shares of SBNY stock traded up $0.28 during mid-day trading on Wednesday, reaching $153.30. The company had a trading volume of 238,265 shares, compared to its average volume of 392,081. Signature Bank has a 1-year low of $116.68 and a 1-year high of $161.92. The company has a market capitalization of $8,495.91, a PE ratio of 21.47, a PEG ratio of 1.29 and a beta of 1.11. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.96 and a quick ratio of 0.95.
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About Signature Bank
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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