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.

Signature Bank (NASDAQ:SBNY) last released its earnings results on Thursday, January 18th. The bank reported $2.43 EPS for the quarter, beating the consensus estimate of $2.23 by $0.20. Signature Bank had a net margin of 25.71% and a return on equity of 12.72%. The firm had revenue of $328.27 million for the quarter, compared to analyst estimates of $321.86 million. During the same period last year, the firm earned $2.11 EPS. equities research analysts predict that Signature Bank will post 11.13 earnings per share for the current year.

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.

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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.

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

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