Tdam USA Inc. boosted its position in Signature Bank (NASDAQ:SBNY) by 200.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,815 shares of the bank’s stock after purchasing an additional 8,553 shares during the quarter. Tdam USA Inc.’s holdings in Signature Bank were worth $1,641,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SBNY. YorkBridge Wealth Partners LLC raised its position in shares of Signature Bank by 6.3% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 688 shares of the bank’s stock worth $100,000 after buying an additional 41 shares in the last quarter. Pacad Investment Ltd. bought a new stake in shares of Signature Bank during the 2nd quarter worth about $100,000. Commonwealth Bank of Australia raised its position in shares of Signature Bank by 5.1% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,233 shares of the bank’s stock worth $176,000 after buying an additional 60 shares in the last quarter. Rockefeller Financial Services Inc. bought a new stake in shares of Signature Bank during the 3rd quarter worth about $192,000. Finally, Bronfman E.L. Rothschild L.P. raised its position in shares of Signature Bank by 1.5% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,406 shares of the bank’s stock worth $202,000 after buying an additional 21 shares in the last quarter. Hedge funds and other institutional investors own 96.56% of the company’s stock.

Shares of Signature Bank (NASDAQ SBNY) opened at $129.57 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.71. Signature Bank has a fifty-two week low of $116.68 and a fifty-two week high of $164.23. The company has a market cap of $7,007.24, a P/E ratio of 14.90, a P/E/G ratio of 1.67 and a beta of 1.01.

Signature Bank (NASDAQ:SBNY) last released its earnings results on Thursday, October 19th. The bank reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.10. Signature Bank had a net margin of 26.40% and a return on equity of 12.58%. The business had revenue of $316.94 million for the quarter, compared to the consensus estimate of $322.22 million. During the same period in the previous year, the firm earned $2.11 EPS. analysts predict that Signature Bank will post 7.25 earnings per share for the current fiscal year.

A number of research firms have commented on SBNY. JMP Securities began coverage on shares of Signature Bank in a research report on Monday, November 20th. They set an “outperform” rating and a $160.00 price target on the stock. BidaskClub downgraded shares of Signature Bank from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. FIG Partners restated an “outperform” rating and set a $150.00 price target on shares of Signature Bank in a research report on Monday, October 2nd. Barclays PLC set a $145.00 price target on shares of Signature Bank and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $142.00 price target on shares of Signature Bank in a research report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. Signature Bank currently has an average rating of “Buy” and a consensus price target of $155.13.

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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.

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

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