Signature Bank (SBNY) Holdings Increased by SG Americas Securities LLC
SG Americas Securities LLC raised its position in Signature Bank (NASDAQ:SBNY) by 35.3% in the fourth quarter, Holdings Channel reports. The fund owned 11,032 shares of the bank’s stock after purchasing an additional 2,877 shares during the quarter. SG Americas Securities LLC’s holdings in Signature Bank were worth $1,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently made changes to their positions in the business. Steward Partners Investment Advisory LLC acquired a new stake in shares of Signature Bank during the 3rd quarter worth about $115,000. Zions Bancorporation acquired a new stake in shares of Signature Bank during the 3rd quarter worth about $152,000. Rockefeller Financial Services Inc. acquired a new stake in shares of Signature Bank during the 3rd quarter worth about $192,000. WINTON GROUP Ltd acquired a new stake in shares of Signature Bank during the 3rd quarter worth about $210,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Signature Bank during the 4th quarter worth about $223,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.
Signature Bank (NASDAQ:SBNY) opened at $149.38 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.97 and a debt-to-equity ratio of 1.10. Signature Bank has a 1-year low of $116.68 and a 1-year high of $163.98. The company has a market cap of $8,380.00, a PE ratio of 20.92, a price-to-earnings-growth ratio of 1.27 and a beta of 1.10.
A number of analysts have recently issued reports on SBNY shares. BMO Capital Markets restated a “buy” rating and set a $163.00 target price on shares of Signature Bank in a research note on Wednesday, December 20th. TheStreet upgraded shares of Signature Bank from a “c+” rating to a “b” rating in a research note on Wednesday, November 29th. Jefferies Group reaffirmed a “buy” rating and set a $155.00 price target on shares of Signature Bank in a research report on Tuesday, October 24th. Barclays raised their price target on shares of Signature Bank from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $150.00 price target (up from $137.00) on shares of Signature Bank in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $158.56.
ILLEGAL ACTIVITY NOTICE: This report was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another publication, it was copied illegally and republished in violation of US and international trademark and copyright law. The original version of this report can be viewed at https://www.thecerbatgem.com/2018/02/10/signature-bank-sbny-holdings-increased-by-sg-americas-securities-llc.html.
About Signature Bank
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).
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.