Signature Bank (NASDAQ:SBNY) is scheduled to announce its earnings results before the market opens on Tuesday, October 18th. Analysts expect the company to announce earnings of $2.04 per share for the quarter.

Signature Bank (NASDAQ:SBNY) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $1.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.97 by $0.07. Signature Bank had a return on equity of 12.89% and a net margin of 32.08%. During the same period in the prior year, the company earned $1.77 EPS. On average, analysts expect Signature Bank to post $8.01 EPS for the current fiscal year and $9.15 EPS for the next fiscal year.

Earnings History for Signature Bank (NASDAQ:SBNY)

Signature Bank (NASDAQ:SBNY) opened at 117.35 on Friday. The company has a market capitalization of $6.30 billion, a P/E ratio of 15.19 and a beta of 0.91. Signature Bank has a 12 month low of $114.01 and a 12 month high of $163.15. The stock’s 50 day moving average price is $118.68 and its 200-day moving average price is $126.75.

Several equities analysts recently commented on SBNY shares. Raymond James Financial Inc. upgraded Signature Bank from an “outperform” rating to a “strong-buy” rating and set a $162.00 target price for the company in a research report on Tuesday, June 21st. Morgan Stanley restated an “overweight” rating on shares of Signature Bank in a research report on Wednesday, June 29th. Jefferies Group restated a “buy” rating and set a $155.00 target price on shares of Signature Bank in a research report on Thursday, July 7th. JPMorgan Chase & Co. reduced their target price on Signature Bank from $164.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, July 7th. Finally, FBR & Co reduced their target price on Signature Bank from $167.00 to $155.00 and set an “outperform” rating for the company in a research report on Thursday, July 21st. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $156.75.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SBNY. Ameritas Investment Partners Inc. raised its position in Signature Bank by 5.2% in the second quarter. Ameritas Investment Partners Inc. now owns 8,488 shares of the company’s stock worth $1,060,000 after buying an additional 421 shares during the last quarter. American International Group Inc. raised its position in Signature Bank by 0.6% in the second quarter. American International Group Inc. now owns 103,701 shares of the company’s stock worth $12,954,000 after buying an additional 640 shares during the last quarter. Profund Advisors LLC raised its position in Signature Bank by 10.6% in the second quarter. Profund Advisors LLC now owns 6,803 shares of the company’s stock worth $850,000 after buying an additional 651 shares during the last quarter. Thrivent Financial for Lutherans raised its position in Signature Bank by 10.4% in the second quarter. Thrivent Financial for Lutherans now owns 7,530 shares of the company’s stock worth $941,000 after buying an additional 710 shares during the last quarter. Finally, GAM Holding AG raised its position in Signature Bank by 69.9% in the second quarter. GAM Holding AG now owns 2,275 shares of the company’s stock worth $284,000 after buying an additional 936 shares during the last quarter. 92.92% of the stock is owned by institutional investors and hedge funds.

Signature Bank Company Profile

Signature Bank (the Bank) is a full-service commercial bank. The Bank operates over 30 private client offices throughout the New York metropolitan area, including those in Manhattan, Brooklyn, Westchester, Long Island, Queens, the Bronx, Staten Island and Connecticut. The Bank offers a range of business and personal banking products and services.

5 Day Chart for NASDAQ:SBNY

Receive News & Stock Ratings for Signature Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Signature Bank and related stocks with our FREE daily email newsletter.