Signature Bank (SBNY) Receives Media Sentiment Rating of 0.18
News coverage about Signature Bank (NASDAQ:SBNY) has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Signature Bank earned a news impact score of 0.18 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 47.2078721186295 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of SBNY stock opened at $117.77 on Friday. The stock has a market cap of $6.58 billion, a PE ratio of 13.22, a P/E/G ratio of 1.00 and a beta of 1.02. Signature Bank has a 1-year low of $108.89 and a 1-year high of $161.92. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.96 and a current ratio of 0.98.
Signature Bank (NASDAQ:SBNY) last announced its quarterly earnings data on Thursday, July 19th. The bank reported $2.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.80 by $0.03. The business had revenue of $326.63 million for the quarter, compared to analyst estimates of $334.00 million. Signature Bank had a net margin of 26.76% and a return on equity of 13.84%. During the same period in the prior year, the firm posted $2.21 EPS. analysts forecast that Signature Bank will post 11.18 earnings per share for the current fiscal year.
Several equities research analysts have issued reports on the stock. Hovde Group raised shares of Signature Bank from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $144.00 to $133.00 in a research note on Wednesday, August 8th. Morgan Stanley decreased their price target on shares of Signature Bank from $145.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 31st. BidaskClub cut shares of Signature Bank from a “sell” rating to a “strong sell” rating in a research note on Friday, July 27th. Barclays decreased their price target on shares of Signature Bank from $156.00 to $142.00 and set an “overweight” rating on the stock in a research note on Friday, July 20th. Finally, Wedbush decreased their price target on shares of Signature Bank from $144.00 to $131.00 and set a “neutral” rating on the stock in a research note on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $152.40.
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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