Signature Bank (SBNY) Scheduled to Post Earnings on Thursday

Signature Bank (NASDAQ:SBNY) will be posting its quarterly earnings results before the market opens on Thursday, January 18th. Analysts expect Signature Bank to post earnings of $2.25 per share for the quarter.

Signature Bank (NASDAQ:SBNY) last announced its earnings results on Thursday, October 19th. The bank reported $2.29 EPS for the quarter, topping the Zacks’ consensus estimate of $2.19 by $0.10. The firm had revenue of $316.94 million during the quarter, compared to analysts’ expectations of $322.22 million. Signature Bank had a return on equity of 12.58% and a net margin of 26.40%. During the same quarter in the previous year, the business earned $2.11 EPS. On average, analysts expect Signature Bank to post $7 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Signature Bank (SBNY) opened at $148.03 on Tuesday. Signature Bank has a 1-year low of $116.68 and a 1-year high of $164.23. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $8,080.00, a P/E ratio of 20.76, a PEG ratio of 1.33 and a beta of 1.02.

A number of research firms recently issued reports on SBNY. Piper Jaffray Companies restated a “hold” rating and set a $149.00 price objective on shares of Signature Bank in a report on Tuesday, January 9th. Wells Fargo & Co restated an “outperform” rating and set a $150.00 price objective (up previously from $137.00) on shares of Signature Bank in a report on Tuesday, January 9th. BMO Capital Markets restated a “buy” rating and set a $163.00 price objective on shares of Signature Bank in a report on Wednesday, December 20th. TheStreet upgraded Signature Bank from a “c+” rating to a “b” rating in a report on Wednesday, November 29th. Finally, Barclays boosted their price objective on Signature Bank from $140.00 to $151.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. Signature Bank currently has an average rating of “Buy” and an average target price of $155.19.

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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.

Earnings History for Signature Bank (NASDAQ:SBNY)

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