First Trust Advisors LP cut its stake in shares of Signature Bank (NASDAQ:SBNY) by 9.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 143,053 shares of the bank’s stock after selling 14,575 shares during the period. First Trust Advisors LP owned about 0.26% of Signature Bank worth $18,317,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Tudor Investment Corp ET AL raised its position in Signature Bank by 0.6% during the first quarter. Tudor Investment Corp ET AL now owns 2,418 shares of the bank’s stock worth $359,000 after acquiring an additional 14 shares during the period. Bronfman E.L. Rothschild L.P. raised its position in shares of Signature Bank by 1.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,406 shares of the bank’s stock valued at $202,000 after buying an additional 21 shares during the last quarter. Cadence Capital Management LLC raised its position in shares of Signature Bank by 1.1% in the second quarter. Cadence Capital Management LLC now owns 2,118 shares of the bank’s stock valued at $304,000 after buying an additional 23 shares during the last quarter. Boston Private Wealth LLC raised its position in shares of Signature Bank by 0.3% in the second quarter. Boston Private Wealth LLC now owns 7,568 shares of the bank’s stock valued at $1,086,000 after buying an additional 25 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of Signature Bank by 0.7% in the first quarter. Nomura Asset Management Co. Ltd. now owns 6,120 shares of the bank’s stock valued at $909,000 after buying an additional 40 shares during the last quarter. Institutional investors own 96.25% of the company’s stock.

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Signature Bank (NASDAQ:SBNY) opened at $131.60 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.91 and a current ratio of 0.92. The firm has a market cap of $7,064.68, a PE ratio of 15.02, a price-to-earnings-growth ratio of 1.69 and a beta of 1.01. Signature Bank has a 12 month low of $116.68 and a 12 month high of $164.23.

Signature Bank (NASDAQ:SBNY) last announced its earnings results on Thursday, October 19th. The bank reported $2.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.19 by $0.10. The company had revenue of $316.94 million during the quarter, compared to analyst estimates of $322.22 million. Signature Bank had a net margin of 26.40% and a return on equity of 12.58%. During the same quarter last year, the firm posted $2.11 earnings per share. equities analysts forecast that Signature Bank will post 7.25 EPS for the current year.

A number of equities research analysts have recently commented on SBNY shares. Deutsche Bank AG reduced their target price on shares of Signature Bank from $178.00 to $162.00 and set a “buy” rating for the company in a research report on Thursday, July 20th. BidaskClub cut shares of Signature Bank from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Morgan Stanley reduced their target price on shares of Signature Bank from $164.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, September 15th. Hovde Group upgraded shares of Signature Bank from an “underperform” rating to a “market perform” rating and set a $132.00 target price for the company in a research report on Monday, September 11th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $170.00 target price (down from $175.00) on shares of Signature Bank in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Signature Bank presently has an average rating of “Buy” and an average target price of $154.80.

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.

Institutional Ownership by Quarter for Signature Bank (NASDAQ:SBNY)

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