Dimensional Fund Advisors LP raised its stake in Signature Bank (NASDAQ:SBNY) by 1.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 267,027 shares of the bank’s stock after buying an additional 5,077 shares during the period. Dimensional Fund Advisors LP owned about 0.50% of Signature Bank worth $39,626,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Globeflex Capital L P purchased a new stake in Signature Bank during the first quarter valued at about $650,000. Liberty Mutual Group Asset Management Inc. boosted its position in Signature Bank by 1.5% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 24,231 shares of the bank’s stock valued at $3,595,000 after buying an additional 368 shares during the last quarter. Geode Capital Management LLC boosted its position in Signature Bank by 8.9% in the first quarter. Geode Capital Management LLC now owns 436,770 shares of the bank’s stock valued at $64,789,000 after buying an additional 35,572 shares during the last quarter. Azimuth Capital Management LLC boosted its position in Signature Bank by 57.8% in the first quarter. Azimuth Capital Management LLC now owns 42,830 shares of the bank’s stock valued at $6,356,000 after buying an additional 15,695 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Signature Bank by 5.2% in the first quarter. Vanguard Group Inc. now owns 4,223,410 shares of the bank’s stock valued at $626,711,000 after buying an additional 210,510 shares during the last quarter. 94.22% of the stock is owned by institutional investors.

Signature Bank (SBNY) traded down 0.29% during mid-day trading on Friday, hitting $127.70. 316,910 shares of the stock were exchanged. The company has a market capitalization of $6.91 billion, a PE ratio of 20.46 and a beta of 0.95. The stock has a 50 day moving average price of $136.52 and a 200 day moving average price of $144.66. Signature Bank has a 1-year low of $113.53 and a 1-year high of $164.23.

Signature Bank (NASDAQ:SBNY) last issued its quarterly earnings data on Wednesday, July 19th. The bank reported $2.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.22 by $0.01. The business had revenue of $316.79 million during the quarter, compared to the consensus estimate of $324.44 million. Signature Bank had a return on equity of 12.61% and a net margin of 23.62%. During the same quarter in the prior year, the business posted $1.90 earnings per share. On average, equities analysts anticipate that Signature Bank will post $7.23 earnings per share for the current fiscal year.

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Several equities analysts recently commented on the stock. BidaskClub cut shares of Signature Bank from a “sell” rating to a “strong sell” rating in a research note on Friday. Keefe, Bruyette & Woods restated a “buy” rating and issued a $158.00 price objective on shares of Signature Bank in a research note on Friday, July 14th. Jefferies Group LLC restated a “buy” rating and issued a $175.00 price objective on shares of Signature Bank in a research note on Thursday, May 25th. Barclays PLC reiterated an “overweight” rating and set a $170.00 target price (down previously from $175.00) on shares of Signature Bank in a research report on Wednesday, July 12th. Finally, Piper Jaffray Companies reiterated a “neutral” rating and set a $157.00 target price (down previously from $167.00) on shares of Signature Bank in a research report on Saturday, April 22nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $167.85.

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.

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

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