State of Wisconsin Investment Board reduced its stake in shares of Signature Bank (NASDAQ:SBNY) by 3.7% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 33,810 shares of the company’s stock after selling 1,300 shares during the period. State of Wisconsin Investment Board owned approximately 0.06% of Signature Bank worth $4,005,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Raymond James Trust N.A. boosted its stake in shares of Signature Bank by 0.3% in the second quarter. Raymond James Trust N.A. now owns 3,247 shares of the company’s stock worth $406,000 after buying an additional 11 shares in the last quarter. Montag & Caldwell LLC boosted its stake in shares of Signature Bank by 0.3% in the second quarter. Montag & Caldwell LLC now owns 6,557 shares of the company’s stock worth $819,000 after buying an additional 20 shares in the last quarter. World Asset Management Inc boosted its stake in shares of Signature Bank by 1.1% in the second quarter. World Asset Management Inc now owns 2,647 shares of the company’s stock worth $331,000 after buying an additional 28 shares in the last quarter. Creative Planning boosted its stake in shares of Signature Bank by 0.7% in the third quarter. Creative Planning now owns 5,161 shares of the company’s stock worth $611,000 after buying an additional 34 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC boosted its stake in shares of Signature Bank by 1.0% in the second quarter. Moody Lynn & Lieberson LLC now owns 3,623 shares of the company’s stock worth $453,000 after buying an additional 35 shares in the last quarter. Institutional investors and hedge funds own 93.49% of the company’s stock.

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

Shares of Signature Bank (NASDAQ:SBNY) traded down 1.02% during trading on Monday, hitting $148.68. 600,891 shares of the stock were exchanged. The stock has a 50-day moving average of $128.49 and a 200 day moving average of $125.12. The stock has a market cap of $8.12 billion, a P/E ratio of 20.50 and a beta of 0.78. Signature Bank has a 12-month low of $113.53 and a 12-month high of $163.15.

Signature Bank (NASDAQ:SBNY) last issued its quarterly earnings results on Thursday, October 20th. The company reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.07. Signature Bank had a net margin of 29.21% and a return on equity of 12.70%. During the same period last year, the firm earned $1.88 earnings per share. Equities analysts predict that Signature Bank will post $7.35 earnings per share for the current fiscal year.

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A number of brokerages recently weighed in on SBNY. Zacks Investment Research upgraded shares of Signature Bank from a “sell” rating to a “hold” rating in a research note on Saturday, September 3rd. Hovde Group cut shares of Signature Bank from a “market perform” rating to an “underperform” rating in a research note on Monday, November 14th. FBR & Co decreased their price target on shares of Signature Bank from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, October 21st. Jefferies Group decreased their price target on shares of Signature Bank from $150.00 to $149.00 and set a “buy” rating for the company in a research note on Friday, September 9th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $153.00 price target on shares of Signature Bank in a research note on Friday, October 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $151.81.

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

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