Press coverage about Signature Bank (NASDAQ:SBNY) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Signature Bank earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the bank an impact score of 46.5539449701287 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- SBNY Crosses Below Key Moving Average Level (nasdaq.com)
- Signature Bank Forecasted to Post Q1 2018 Earnings of $2.64 Per Share (SBNY) (americanbankingnews.com)
- Q1 2018 EPS Estimates for Signature Bank Lifted by Keefe, Bruyette & Woods (SBNY) (americanbankingnews.com)
- Jefferies Group Reiterates “Buy” Rating for Signature Bank (SBNY) (americanbankingnews.com)
- Brokers Issue Forecasts for Signature Bank’s FY2018 Earnings (SBNY) (americanbankingnews.com)
NASDAQ SBNY traded down $4.13 on Friday, reaching $136.02. The company’s stock had a trading volume of 412,217 shares, compared to its average volume of 403,708. The stock has a market cap of $7,688.26, a P/E ratio of 15.27, a PEG ratio of 1.17 and a beta of 1.10. Signature Bank has a 52 week low of $116.68 and a 52 week high of $161.92. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 1.10.
A number of brokerages have recently commented on SBNY. UBS began coverage on shares of Signature Bank in a research report on Wednesday, March 21st. They set a “neutral” rating and a $163.00 price objective for the company. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $181.00 target price on shares of Signature Bank in a research note on Tuesday, February 27th. BMO Capital Markets upped their target price on shares of Signature Bank to $192.00 and gave the company an “outperform” rating in a research note on Friday, January 19th. Maxim Group upped their target price on shares of Signature Bank from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, January 19th. Finally, Stephens reissued a “buy” rating on shares of Signature Bank in a research note on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $161.12.
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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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