Signature Bank (SBNY) Receives Daily Coverage Optimism Rating of 0.14

News headlines about Signature Bank (NASDAQ:SBNY) have been trending somewhat positive on Thursday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Signature Bank earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the bank an impact score of 21 out of 100, indicating that recent media coverage is very unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media headlines that may have effected Accern’s analysis:

Insider Buying and Selling by Quarter for Signature Bank (NASDAQ:SBNY)

Several equities analysts have weighed in on the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $175.00 target price on shares of Signature Bank in a research note on Thursday, May 25th. BMO Capital Markets reaffirmed a “hold” rating and set a $165.00 target price on shares of Signature Bank in a research note on Friday, May 26th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $183.00 target price (up previously from $167.00) on shares of Signature Bank in a research note on Thursday, April 6th. Morgan Stanley lifted their target price on Signature Bank from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, June 6th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $175.00 target price (up previously from $173.00) on shares of Signature Bank in a research note on Saturday, April 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $168.92.

Shares of Signature Bank (SBNY) traded down 0.16% during midday trading on Thursday, hitting $136.68. The stock had a trading volume of 536,012 shares. Signature Bank has a one year low of $113.53 and a one year high of $164.23. The firm’s 50-day moving average is $142.79 and its 200 day moving average is $149.12. The company has a market capitalization of $7.38 billion, a PE ratio of 17.34 and a beta of 0.93.

Signature Bank (NASDAQ:SBNY) last announced its quarterly earnings data on Wednesday, April 19th. The bank reported $2.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.10 by $0.05. Signature Bank had a return on equity of 12.37% and a net margin of 30.53%. The firm had revenue of $311.63 million for the quarter, compared to analysts’ expectations of $311.70 million. During the same period last year, the firm earned $1.97 earnings per share. Equities analysts expect that Signature Bank will post $9.41 earnings per share for the current fiscal year.

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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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SBNY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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