Signature Bank (NASDAQ:SBNY – Get Free Report) dropped 16.7% on Tuesday. The stock traded as low as $0.18 and last traded at $0.25. Approximately 92,302 shares changed hands during mid-day trading, a decline of 6% from the average session volume of 98,278 shares. The stock had previously closed at $0.30.
Signature Bank Trading Down 8.0%
The firm’s fifty day moving average is $0.30 and its 200-day moving average is $0.46. The stock has a market capitalization of $14.47 million, a PE ratio of 0.15 and a beta of 11.93.
Signature Bank Company Profile
Signature Bank (NASDAQ: SBNY) was a New York-based commercial bank that provided financial services primarily to privately owned businesses, their owners and senior managers. Founded in 2001, the bank operated through relationship-focused teams that served clients in the New York metropolitan area and, later, selected markets in California.
The bank’s offerings included business and personal deposit accounts, commercial lending, real estate finance, asset-based lending, wealth management and other private-client banking services.
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