News stories about Signature Bank (NASDAQ:SBNY) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Signature Bank earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 47.0357527584764 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:

SBNY has been the topic of several research analyst reports. ValuEngine downgraded Signature Bank from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Keefe, Bruyette & Woods set a $164.00 price objective on Signature Bank and gave the company a “buy” rating in a report on Monday, June 5th. Morgan Stanley boosted their price objective on Signature Bank from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, June 6th. BidaskClub upgraded Signature Bank from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $169.00 price objective (down previously from $175.00) on shares of Signature Bank in a report on Monday, June 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $158.93.

Signature Bank (NASDAQ SBNY) opened at 121.83 on Tuesday. The stock’s 50 day moving average price is $128.78 and its 200 day moving average price is $139.56. The firm has a market capitalization of $6.59 billion, a PE ratio of 19.52 and a beta of 0.97. Signature Bank has a 52-week low of $113.53 and a 52-week high of $164.23.

Signature Bank (NASDAQ:SBNY) last announced its earnings results on Wednesday, July 19th. The bank reported $2.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.22 by ($0.01). Signature Bank had a return on equity of 12.61% and a net margin of 23.62%. The business had revenue of $316.79 million for the quarter, compared to analysts’ expectations of $324.44 million. During the same period in the previous year, the firm posted $1.90 earnings per share. Analysts expect that Signature Bank will post $7.21 earnings per share for the current year.

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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.

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

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