Signature Bank (NASDAQ:SBNY) had its price target upped by Maxim Group from $120.00 to $125.00 in a research note issued to investors on Tuesday, Analyst Ratings Network.com reports. The firm currently has a buy rating on the stock.
Shares of Signature Bank (NASDAQ:SBNY) traded up 0.01% on Tuesday, hitting $105.09. 102,271 shares of the company’s stock traded hands. Signature Bank has a 52-week low of $68.36 and a 52-week high of $106.97. The stock has a 50-day moving average of $99.37 and a 200-day moving average of $89.11. The company has a market cap of $4.969 billion and a P/E ratio of 23.46.
Signature Bank (NASDAQ:SBNY) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.18 by $0.07. During the same quarter last year, the company posted $1.00 earnings per share. Analysts expect that Signature Bank will post $4.68 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Signature Bank from a neutral rating to an outperform rating in a research note to investors on Wednesday, October 30th. They now have a $106.30 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of Signature Bank from $101.00 to $110.00 in a research note to investors on Wednesday, October 23rd. They now have an outperform rating on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Signature Bank from $93.00 to $98.00 in a research note to investors on Wednesday, October 23rd. They now have a market perform rating on the stock. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $100.88.
Signature Bank (NASDAQ:SBNY) is a full-service commercial bank with 25 private client offices located in the New York metropolitan area serving the needs of privately owned business clients and their owners and senior managers.
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