Shares of Signature Bank (NASDAQ:SBNYP – Get Free Report) dropped 22.7% on Tuesday . The stock traded as low as $1.16 and last traded at $1.16. Approximately 300 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 119,613 shares. The stock had previously closed at $1.50.
Signature Bank Stock Down 4.0%
The stock has a fifty day moving average price of $1.85 and a 200-day moving average price of $2.94.
About Signature Bank
Signature Bank (NASDAQ: SBNYP) is a full-service commercial bank headquartered in New York, New York. Since its founding in 2001, the bank has focused on delivering relationship-based banking and lending solutions to privately owned businesses, their owners and senior managers. With a strong emphasis on client service, Signature Bank has built a reputation for personalized attention and rapid decision-making in its core markets.
The bank’s product suite includes commercial real estate lending, working capital financing, commercial deposit accounts and treasury management services.
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