Louisiana State Employees Retirement System Sells 1,100 Shares of Signature Bank (SBNY)

Louisiana State Employees Retirement System lessened its position in Signature Bank (NASDAQ:SBNY) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,600 shares of the bank’s stock after selling 1,100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Signature Bank were worth $1,867,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Signature Bank by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 4,277,955 shares of the bank’s stock valued at $614,014,000 after buying an additional 54,545 shares during the last quarter. Capital Research Global Investors raised its position in Signature Bank by 2.6% in the 2nd quarter. Capital Research Global Investors now owns 2,894,365 shares of the bank’s stock valued at $415,428,000 after buying an additional 72,806 shares during the last quarter. State Street Corp raised its position in Signature Bank by 0.4% in the 2nd quarter. State Street Corp now owns 2,624,668 shares of the bank’s stock valued at $376,718,000 after buying an additional 9,285 shares during the last quarter. Harding Loevner LP raised its position in Signature Bank by 138.0% in the 3rd quarter. Harding Loevner LP now owns 1,802,550 shares of the bank’s stock valued at $94,865,000 after buying an additional 1,045,206 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in Signature Bank by 44.6% in the 3rd quarter. Nordea Investment Management AB now owns 1,419,824 shares of the bank’s stock valued at $181,794,000 after buying an additional 437,670 shares during the last quarter. 96.30% of the stock is currently owned by institutional investors and hedge funds.

Signature Bank (NASDAQ SBNY) opened at $153.44 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.91 and a current ratio of 0.92. Signature Bank has a one year low of $116.68 and a one year high of $164.23. The company has a market capitalization of $7,947.77, a P/E ratio of 21.49, a PEG ratio of 1.33 and a beta of 1.02.

Signature Bank (NASDAQ:SBNY) last issued its earnings results on Thursday, January 18th. The bank reported $2.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.23 by $0.20. Signature Bank had a return on equity of 12.58% and a net margin of 26.40%. During the same quarter in the prior year, the company posted $2.11 earnings per share. research analysts anticipate that Signature Bank will post 7.25 earnings per share for the current fiscal year.

Several research firms have weighed in on SBNY. Stephens reaffirmed a “buy” rating on shares of Signature Bank in a research report on Friday. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $142.00 price target on shares of Signature Bank in a research report on Tuesday, October 3rd. Barclays set a $140.00 price target on Signature Bank and gave the stock a “buy” rating in a research report on Friday, October 20th. Jefferies Group reaffirmed a “buy” rating and set a $155.00 price target on shares of Signature Bank in a research report on Tuesday, October 24th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $163.00 price target on shares of Signature Bank in a research report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. Signature Bank has an average rating of “Buy” and a consensus price target of $155.19.

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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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Institutional Ownership by Quarter for Signature Bank (NASDAQ:SBNY)

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