Signature Bank (NASDAQ:SBNY) – Jefferies Group raised their Q1 2018 earnings per share estimates for shares of Signature Bank in a research note issued to investors on Wednesday, April 4th. Jefferies Group analyst C. Haire now expects that the bank will post earnings of $2.64 per share for the quarter, up from their previous forecast of $2.63. Jefferies Group also issued estimates for Signature Bank’s FY2019 earnings at $12.40 EPS.
Signature Bank (NASDAQ:SBNY) last announced its quarterly earnings data on Thursday, January 18th. The bank reported $2.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.23 by $0.20. The firm had revenue of $328.27 million during the quarter, compared to analysts’ expectations of $321.86 million. Signature Bank had a return on equity of 12.72% and a net margin of 25.71%. During the same period in the previous year, the firm earned $2.11 EPS.
SBNY has been the subject of several other reports. BMO Capital Markets reaffirmed a “buy” rating and issued a $163.00 price objective on shares of Signature Bank in a report on Wednesday, December 20th. Stephens reaffirmed a “buy” rating on shares of Signature Bank in a report on Friday, January 19th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $181.00 price objective on shares of Signature Bank in a report on Tuesday, February 27th. Piper Jaffray reaffirmed a “hold” rating and issued a $149.00 price objective on shares of Signature Bank in a report on Tuesday, January 9th. Finally, UBS initiated coverage on Signature Bank in a report on Wednesday, March 21st. They issued a “neutral” rating and a $163.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $159.75.
Shares of NASDAQ SBNY opened at $136.02 on Friday. The firm has a market capitalization of $7,705.31, a price-to-earnings ratio of 15.27, a P/E/G ratio of 1.17 and a beta of 1.10. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 1.10. Signature Bank has a fifty-two week low of $116.68 and a fifty-two week high of $161.92.
Several institutional investors have recently bought and sold shares of the company. Public Employees Retirement Association of Colorado raised its holdings in shares of Signature Bank by 3.4% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 10,512 shares of the bank’s stock worth $1,443,000 after buying an additional 344 shares in the last quarter. AMP Capital Investors Ltd raised its holdings in shares of Signature Bank by 2.8% during the 4th quarter. AMP Capital Investors Ltd now owns 15,842 shares of the bank’s stock worth $2,175,000 after buying an additional 429 shares in the last quarter. BB&T Investment Services Inc. raised its holdings in shares of Signature Bank by 27.6% during the 4th quarter. BB&T Investment Services Inc. now owns 2,145 shares of the bank’s stock worth $292,000 after buying an additional 464 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Signature Bank by 0.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 65,819 shares of the bank’s stock worth $8,427,000 after buying an additional 478 shares in the last quarter. Finally, Guggenheim Capital LLC raised its holdings in shares of Signature Bank by 1.0% during the 4th quarter. Guggenheim Capital LLC now owns 58,339 shares of the bank’s stock worth $8,007,000 after buying an additional 558 shares in the last quarter. 94.90% of the stock is owned by institutional investors.
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Signature Bank Company Profile
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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