Somewhat Positive News Coverage Somewhat Unlikely to Affect Signature Bank (SBNY) Share Price

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:

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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.

Signature Bank (NASDAQ:SBNY) last issued its quarterly earnings data on Thursday, January 18th. The bank reported $2.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.23 by $0.20. The firm had revenue of $328.27 million for the quarter, compared to analysts’ expectations of $321.86 million. Signature Bank had a net margin of 25.71% and a return on equity of 12.72%. During the same period in the prior year, the firm earned $2.11 earnings per share. research analysts anticipate that Signature Bank will post 11.15 earnings per share for the current year.

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.

Insider Buying and Selling by Quarter for Signature Bank (NASDAQ:SBNY)

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