Signature Bank (NASDAQ:SBNY) declared an annual dividend on Thursday, July 19th, NASDAQ reports. Stockholders of record on Wednesday, August 1st will be paid a dividend of 0.56 per share by the bank on Wednesday, August 15th. This represents a dividend yield of 0.47%. The ex-dividend date is Tuesday, July 31st.

Shares of Signature Bank opened at $118.71 on Friday, Marketbeat.com reports. The stock has a market capitalization of $6.89 billion, a PE ratio of 13.32, a P/E/G ratio of 1.03 and a beta of 1.16. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 1.14. Signature Bank has a 52-week low of $116.68 and a 52-week high of $161.92.

Signature Bank (NASDAQ:SBNY) last issued its quarterly earnings data on Thursday, July 19th. The bank reported $2.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.80 by $0.03. Signature Bank had a return on equity of 13.29% and a net margin of 18.57%. During the same period in the previous year, the firm posted $2.21 earnings per share. equities research analysts expect that Signature Bank will post 11.31 earnings per share for the current fiscal year.

A number of equities analysts recently weighed in on SBNY shares. BidaskClub cut Signature Bank from a “hold” rating to a “sell” rating in a report on Saturday, April 7th. Wells Fargo & Co raised Signature Bank from a “market perform” rating to an “outperform” rating in a report on Friday, April 20th. Morgan Stanley reduced their price target on Signature Bank from $165.00 to $155.00 and set an “equal weight” rating for the company in a report on Tuesday, April 24th. ValuEngine cut Signature Bank from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Finally, TheStreet cut Signature Bank from a “b” rating to a “c+” rating in a report on Friday, April 20th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $154.75.

About Signature Bank

Signature Bank provides various business and personal banking products and services. It accepts various deposit products, including commercial checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, interest-bearing and non-interest-bearing checking accounts, certificates of deposit, time deposits, and other cash management products.

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