Signature Financial institution (NASDAQ:SBNY) had its value goal decreased by Morgan Stanley from $145.00 to $143.00 in a analysis notice launched on Tuesday, BenzingaRatingsTable stories. Morgan Stanley at the moment has an chubby score on the financial institution’s inventory.
A number of different analysis analysts additionally lately commented on SBNY. ValuEngine downgraded Signature Financial institution from a promote score to a robust promote score in a analysis notice on Tuesday. Raymond James upgraded Signature Financial institution from an outperform score to a strong-buy score and lifted their goal value for the inventory from $142.00 to $143.00 in a analysis notice on Monday, July eighth. BidaskClub upgraded Signature Financial institution from a promote score to a maintain score in a analysis notice on Saturday, September 14th. Wells Fargo & Co lowered their goal value on Signature Financial institution from $150.00 to $140.00 and set an outperform score for the corporate in a analysis notice on Wednesday, October 2nd. Lastly, JPMorgan Chase & Co. set a $138.00 value goal on Signature Financial institution and gave the corporate a purchase score in a analysis notice on Friday, September sixth. One funding analyst has rated the inventory with a promote score, 5 have assigned a maintain score, 5 have assigned a purchase score and one has given a robust purchase score to the corporate. The inventory presently has a mean score of Purchase and a mean value goal of $137.13.
Shares of NASDAQ SBNY traded up $zero.37 throughout mid-day buying and selling on Tuesday, reaching $121.57. 180,600 shares of the corporate’s inventory had been exchanged, in comparison with its common quantity of 327,006. The corporate has a present ratio of zero.98, a fast ratio of zero.98 and a debt-to-equity ratio of 1.05. Signature Financial institution has a twelve month low of $98.54 and a twelve month excessive of $137.93. The enterprise has a fifty day easy shifting common of $119.58 and a 200 day easy shifting common of $121.67. The agency has a market capitalization of $6.65 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 1.04 and a beta of 1.36.
Signature Financial institution (NASDAQ:SBNY) final issued its earnings outcomes on Thursday, October 17th. The financial institution reported $2.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.70 by $zero.05. Signature Financial institution had a return on fairness of 13.09% and a web margin of 31.37%. The corporate had income of $334.00 million throughout the quarter, in comparison with the consensus estimate of $339.14 million. Throughout the identical interval within the earlier 12 months, the corporate posted $2.84 EPS. Equities analysis analysts predict that Signature Financial institution will put up 10.82 earnings per share for the present fiscal 12 months.
The corporate additionally lately declared a quarterly dividend, which can be paid on Friday, November 15th. Buyers of document on Friday, November 1st can be paid a $zero.56 dividend. The ex-dividend date is Thursday, October 31st. This represents a $2.24 annualized dividend and a yield of 1.84%. Signature Financial institution’s dividend payout ratio (DPR) is presently 19.86%.
Numerous institutional buyers and hedge funds have lately added to or lowered their stakes in SBNY. First Belief Advisors LP boosted its stake in Signature Financial institution by 27.5% within the 1st quarter. First Belief Advisors LP now owns 91,912 shares of the financial institution’s inventory valued at $11,771,000 after buying a further 19,802 shares throughout the interval. Xact Kapitalforvaltning AB raised its holdings in Signature Financial institution by 18.three% within the 2nd quarter. Xact Kapitalforvaltning AB now owns 9,635 shares of the financial institution’s inventory valued at $1,164,000 after buying a further 1,491 shares within the final quarter. Oregon Public Workers Retirement Fund raised its holdings in Signature Financial institution by four.5% within the 2nd quarter. Oregon Public Workers Retirement Fund now owns 22,284 shares of the financial institution’s inventory valued at $2,693,000 after buying a further 966 shares within the final quarter. IFM Buyers Pty Ltd raised its holdings in Signature Financial institution by 5.three% within the 2nd quarter. IFM Buyers Pty Ltd now owns 2,964 shares of the financial institution’s inventory valued at $358,000 after buying a further 148 shares within the final quarter. Lastly, Tandem Funding Advisors Inc. raised its holdings in Signature Financial institution by 101.5% within the 2nd quarter. Tandem Funding Advisors Inc. now owns 159,816 shares of the financial institution’s inventory valued at $19,312,000 after buying a further 80,506 shares within the final quarter. Institutional buyers and hedge funds personal 92.76% of the corporate’s inventory.
Signature Financial institution Firm Profile
Signature Financial institution gives varied enterprise and private banking services and products. It accepts varied deposit merchandise, together with industrial checking accounts, cash market accounts, escrow deposit accounts, money focus accounts, interest-bearing and non-interest-bearing checking accounts, certificates of deposit, time deposits, and different money administration merchandise.
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