News coverage about Signature Bank (NASDAQ:SBNY) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Signature Bank earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 47.206693037006 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Several equities research analysts have issued reports on the company. ValuEngine upgraded Signature Bank from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 20th. Morgan Stanley lowered their price target on Signature Bank from $145.00 to $135.00 and set an “equal weight” rating for the company in a report on Tuesday, July 31st. BidaskClub upgraded Signature Bank from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 20th. Barclays lowered their price target on Signature Bank from $156.00 to $142.00 and set an “overweight” rating for the company in a report on Friday, July 20th. Finally, Piper Jaffray Companies raised Signature Bank from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $161.92 to $116.68 in a research report on Wednesday, June 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Signature Bank currently has a consensus rating of “Buy” and an average target price of $152.40.

Signature Bank opened at $111.78 on Friday, MarketBeat reports. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 1.22. The stock has a market cap of $6.03 billion, a PE ratio of 12.55, a PEG ratio of 0.91 and a beta of 1.02. Signature Bank has a fifty-two week low of $108.89 and a fifty-two week high of $161.92.

Signature Bank (NASDAQ:SBNY) last posted its quarterly earnings data on Thursday, July 19th. The bank reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.03. The company had revenue of $326.63 million during the quarter, compared to analysts’ expectations of $334.00 million. Signature Bank had a return on equity of 13.84% and a net margin of 26.76%. During the same period in the prior year, the firm earned $2.21 earnings per share. equities research analysts anticipate that Signature Bank will post 11.18 EPS for the current fiscal year.

The company also recently disclosed an annual dividend, which will be paid on Wednesday, August 15th. Stockholders of record on Wednesday, August 1st will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Tuesday, July 31st. This represents a dividend yield of 0.47%. Signature Bank’s dividend payout ratio is currently 25.14%.

About Signature Bank

Signature Bank provides various business and personal banking products and services. It accepts various deposit products, including commercial checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, interest-bearing and non-interest-bearing checking accounts, certificates of deposit, time deposits, and other cash management products.

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Insider Buying and Selling by Quarter for Signature Bank (NASDAQ:SBNY)

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