Signature Bank (SBNY) Getting Somewhat Favorable Media Coverage, Accern Reports

News articles about Signature Bank (NASDAQ:SBNY) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Signature Bank earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the bank an impact score of 46.1755415060646 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the headlines that may have impacted Accern Sentiment’s scoring:

Several brokerages have recently commented on SBNY. BMO Capital Markets restated a “buy” rating and set a $163.00 price target on shares of Signature Bank in a research note on Wednesday. FIG Partners restated an “outperform” rating and set a $150.00 price target on shares of Signature Bank in a research note on Monday, October 2nd. Barclays set a $145.00 price target on Signature Bank and gave the company a “buy” rating in a research note on Wednesday, October 11th. Keefe, Bruyette & Woods restated a “buy” rating and set a $142.00 price target on shares of Signature Bank in a research note on Tuesday, October 3rd. Finally, Wedbush lowered Signature Bank from an “outperform” rating to a “neutral” rating and cut their price target for the company from $157.00 to $126.00 in a research note on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $155.50.

Signature Bank (NASDAQ SBNY) traded up $2.06 on Thursday, reaching $139.17. The company’s stock had a trading volume of 424,170 shares, compared to its average volume of 480,783. Signature Bank has a 52 week low of $116.68 and a 52 week high of $164.23. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.92 and a quick ratio of 0.91. The stock has a market capitalization of $7,600.00, a price-to-earnings ratio of 15.69, a PEG ratio of 1.76 and a beta of 1.02.

Signature Bank (NASDAQ:SBNY) last posted its earnings results on Thursday, October 19th. The bank reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.10. Signature Bank had a return on equity of 12.58% and a net margin of 26.40%. The company had revenue of $316.94 million for the quarter, compared to analyst estimates of $322.22 million. During the same quarter in the previous year, the firm earned $2.11 earnings per share. research analysts predict that Signature Bank will post 7.25 earnings per share for the current fiscal year.

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Signature Bank Company Profile

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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