Signature Bank (NASDAQ:SBNY) is scheduled to be releasing its earnings data before the market opens on Thursday, January 18th. Analysts expect Signature Bank to post earnings of $2.25 per share for the quarter.
Signature Bank (NASDAQ:SBNY) last issued its earnings results on Thursday, October 19th. The bank reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.10. The company had revenue of $316.94 million for the quarter, compared to the consensus estimate of $322.22 million. Signature Bank had a return on equity of 12.58% and a net margin of 26.40%. During the same quarter last year, the company earned $2.11 EPS. On average, analysts expect Signature Bank to post $7 EPS for the current fiscal year and $10 EPS for the next fiscal year.
Shares of Signature Bank (NASDAQ SBNY) opened at $148.03 on Tuesday. The stock has a market capitalization of $8,080.00, a P/E ratio of 20.76, a P/E/G ratio of 1.33 and a beta of 1.02. Signature Bank has a 12 month low of $116.68 and a 12 month high of $164.23. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.91 and a current ratio of 0.92.
Several brokerages recently issued reports on SBNY. Piper Jaffray Companies reissued a “hold” rating and set a $149.00 target price on shares of Signature Bank in a research note on Tuesday, January 9th. Wells Fargo & Co reissued an “outperform” rating and set a $150.00 target price (up previously from $137.00) on shares of Signature Bank in a research note on Tuesday, January 9th. BMO Capital Markets reissued a “buy” rating and set a $163.00 target price on shares of Signature Bank in a research note on Wednesday, December 20th. TheStreet raised Signature Bank from a “c+” rating to a “b” rating in a research note on Wednesday, November 29th. Finally, Barclays lifted their target price on Signature Bank from $140.00 to $151.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $155.19.
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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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