Andra AP fonden lifted its holdings in Signature Bank (NASDAQ:SBNY) by 56.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,600 shares of the bank’s stock after acquiring an additional 4,200 shares during the period. Andra AP fonden’s holdings in Signature Bank were worth $1,665,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Prudential Financial Inc. raised its position in shares of Signature Bank by 2.0% in the 1st quarter. Prudential Financial Inc. now owns 133,366 shares of the bank’s stock worth $19,790,000 after acquiring an additional 2,656 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Signature Bank by 112.1% in the 1st quarter. Macquarie Group Ltd. now owns 181,749 shares of the bank’s stock worth $26,970,000 after acquiring an additional 96,074 shares in the last quarter. Bank of America Corp DE raised its position in shares of Signature Bank by 2.2% in the 1st quarter. Bank of America Corp DE now owns 289,598 shares of the bank’s stock worth $42,973,000 after acquiring an additional 6,293 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Signature Bank by 1.2% in the 1st quarter. Mackenzie Financial Corp now owns 440,010 shares of the bank’s stock worth $65,293,000 after acquiring an additional 5,379 shares in the last quarter. Finally, Stifel Financial Corp raised its position in shares of Signature Bank by 36.9% in the 1st quarter. Stifel Financial Corp now owns 27,223 shares of the bank’s stock worth $4,036,000 after acquiring an additional 7,336 shares in the last quarter. 95.80% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on SBNY shares. ValuEngine raised Signature Bank from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th. Bank of America Corporation reaffirmed a “buy” rating and issued a $175.00 target price on shares of Signature Bank in a research report on Thursday, May 25th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $175.00 target price on shares of Signature Bank in a research report on Thursday, May 25th. BMO Capital Markets reaffirmed a “hold” rating and issued a $165.00 target price on shares of Signature Bank in a research report on Friday, May 26th. Finally, Keefe, Bruyette & Woods set a $164.00 target price on Signature Bank and gave the company a “buy” rating in a research report on Monday, June 5th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. Signature Bank has an average rating of “Buy” and an average target price of $167.85.

Shares of Signature Bank (SBNY) opened at 128.63 on Tuesday. Signature Bank has a one year low of $113.53 and a one year high of $164.23. The firm’s 50-day moving average price is $133.14 and its 200-day moving average price is $142.73. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 20.61 and a beta of 0.97.

Signature Bank (NASDAQ:SBNY) last announced its earnings results 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. Signature Bank had a net margin of 23.62% and a return on equity of 12.61%. The business had revenue of $316.79 million for the quarter, compared to the consensus estimate of $324.44 million. During the same period in the prior year, the business posted $1.90 EPS. Analysts anticipate that Signature Bank will post $7.23 earnings per share for the current year.

WARNING: “Signature Bank (SBNY) Shares Bought by Andra AP fonden” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/09/05/signature-bank-sbny-shares-bought-by-andra-ap-fonden.html.

Signature Bank 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.

Want to see what other hedge funds are holding SBNY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Signature Bank (NASDAQ:SBNY).

Institutional Ownership by Quarter for Signature Bank (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.