Signature Bank (NASDAQ:SBNY) released its earnings results on Thursday. The bank reported $2.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.18 by $0.11, MarketWatch Earnings reports. Signature Bank had a return on equity of 12.61% and a net margin of 23.62%. During the same quarter in the previous year, the firm posted $2.11 earnings per share.

Shares of Signature Bank (NASDAQ SBNY) opened at 126.12 on Friday. Signature Bank has a 52 week low of $114.29 and a 52 week high of $164.23. The firm has a market capitalization of $6.82 billion, a P/E ratio of 20.21 and a beta of 0.96. The company has a 50-day moving average of $124.56 and a 200 day moving average of $135.44.

SBNY has been the subject of a number of research reports. Jefferies Group LLC reiterated a “buy” rating and set a $169.00 target price on shares of Signature Bank in a report on Wednesday, June 28th. Maxim Group reiterated a “buy” rating and set a $175.00 target price on shares of Signature Bank in a report on Wednesday, July 19th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $158.00 target price on shares of Signature Bank in a report on Friday, July 14th. Deutsche Bank AG lowered their target price on Signature Bank from $178.00 to $162.00 and set a “buy” rating for the company in a report on Thursday, July 20th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $165.00 target price (down previously from $175.00) on shares of Signature Bank in a report on Wednesday, September 20th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $154.47.

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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.

Earnings History for Signature Bank (NASDAQ:SBNY)

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