Signature Bank (NASDAQ:SBNY) is set to announce its earnings results before the market opens on Wednesday, July 19th. Analysts expect the company to announce earnings of $2.22 per share for the quarter.
Signature Bank (NASDAQ:SBNY) last released its quarterly earnings data on Wednesday, April 19th. The bank reported $2.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.10 by $0.05. The business had revenue of $311.63 million during the quarter, compared to analysts’ expectations of $311.70 million. Signature Bank had a return on equity of 12.37% and a net margin of 30.53%. During the same period in the prior year, the firm posted $1.97 EPS. On average, analysts expect Signature Bank to post $9.35 EPS for the current fiscal year and $10.46 EPS for the next fiscal year.
Signature Bank (SBNY) opened at 139.56 on Tuesday. The stock’s 50 day moving average price is $143.04 and its 200 day moving average price is $148.43. Signature Bank has a 52-week low of $113.53 and a 52-week high of $164.23. The firm has a market capitalization of $7.54 billion, a PE ratio of 17.70 and a beta of 0.96.
A number of analysts have recently issued reports on SBNY shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $175.00 target price on shares of Signature Bank in a research report on Tuesday, April 11th. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $183.00 price objective (up from $167.00) on shares of Signature Bank in a report on Thursday, April 6th. BidaskClub lowered Signature Bank from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Wedbush reissued an “outperform” rating and issued a $165.00 price objective on shares of Signature Bank in a report on Tuesday, June 27th. Finally, ValuEngine raised Signature Bank from a “hold” rating to a “buy” rating in a report on Thursday, May 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Signature Bank has an average rating of “Buy” and a consensus price target of $169.25.
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Signature Bank Company Profile
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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