Signature Bank stock price target cut to $210 from $270 at J.P. Morgan

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[Latest News] All Times Eastern

– [Box stock enjoys best day this year after Morgan Stanley analyst says ‘value is underappreciated’]

– [Gilead stock rallies after J.P.Morgan turns bullish, citing HIV and undervalued oncology businesses]

– [Poshmark to be bought by South Korean internet company Naver in $1.2 billion deal]

– [Oil ticks higher ahead of OPEC+ meeting that could bring production cuts]

– [Citi analyst opens a ‘positive catalyst watch’ on JPMorgan Chase & Co.]

– [M&T Bank Corp.downgraded to neutral from buy at Citi]

– [Citi upgrades Bank of New York Mellon to buy from neutral, reiterates $46 price target]

– [Macerich stock price target cut to $13 from $17 at Deutsche Bank]

– [Block stock price target cut to $95 from $155 at Deutsche Bank]

– [Chipotle stock price target raised to $1,708 from $1,503 at Deutsche Bank]

Signature Bank

$

160.75

|Close||Chg||Chg %|

|$156.98||5.98||3.96%|

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SBNY Overview

Key Data

– Open $153.22

– Day Range 151.04 – 157.19

– 52 Week Range 146.00 – 374.76

– Market Cap $9.5B

– Shares Outstanding 62.93M

– Public Float 62.93M

– Beta 1.26

– Rev.per Employee $1.468M

– P/E Ratio 8.36

– EPS $18.78

– Yield 1.43%

– Dividend $0.56

– Ex-Dividend Date Jul 28, 2022

– Short Interest 1.84M 09/15/22

– % of Float Shorted 2.93%

– Average Volume 761.87K

Performance

|5 Day|

|1 Month|

|3 Month|

|YTD|

|1 Year|

– 4.56%

– -6.76%

– -17.13%

– -51.47%

– -45.71%

Analyst Ratings

[Full Ratings]

[Recent News]

[Wedbush cuts Signature Bank target price but says deposit growth excluding crypto is encouraging]

Wedbush analyst David J.

Chiaverini on Wednesday reiterated an outperform rating on Signature Bank and cut his price target to $225 a share from $240 a share.After the closing bell on Tuesday, Signature Bank said in its …

Signature Bank stock price target cut to $225 from $240 at Wedbush

[Crypto company stocks slump as bitcoin drops below $20,000]

Shares of companies exposed to cryptocurrencies slumped Monday, after bitcoin for the first time in seven weeks, as hawkish comments from Federal Reserve Chairman Jerome Powell last week sparked a risk-off selloff.

Bitcoi…

Signature Bank stock price target cut to $286 from $305 at Raymond James

[Crypto company stocks spike higher as bitcoin jumps back above 22,000]

Shares of powered higher Monday, after bitcoin rallied toward a fourth-straight gain, and the first close above the 22,000 in a month.Among those that are all about crypto, shares of Marathon Digital Holdings Inc.

shot…

Signature Bank stock price target cut to $250 from $300 at BofA Securities

[JPMorgan Chase downgrades three regional banks]

JPMorgan Chase & Co.analysts on Friday downgraded three regional bank stocks and said they’re moving their outlook for the sector to neutral based on rising expectations of a recession as well as more aggressive interest …

[Raymond James reiterates strong buy on Signature Bank and says its cryptocurrency exposure is ‘overblown’]

Raymond James analyst David J.Long on Monday reiterated a strong buy rating on Signature Bank after the shares have fallen steeply in recent weeks on jitters tied to crypto currencies.He lowered his price target to $305…

Signature Bank stock price target cut to $305 from $350 at Raymond James

[Signature Bank stock sinks to lead S&P 500 losers as financial sector, bitcoin drop]

Shares of Signature Bank sank 12.8% in afternoon trading Monday, enough to pace the S&P 500’s decliners, as the New York-based bank was hurting from a broad selloff in the financial sector and from the plunge in bitcoin …

Signature Bank stock price target cut to $309 from $472 at UBS

[Signature Bank stock rallies a day after deposit balance update]

Signature Bank jumped 4.7% on Tuesday, a day after the bank provided a mid-quarter update including a 1% drop in deposits, a 3% rise in loans and reiterated its second-quarter asset growth target of $4 billion to $7 billi…

[The 7 Best Financial Stocks to Buy Now]

[How Investors Can Grab Better Returns for Finance Using the Zacks ESP Screener]

The Zacks Earnings ESP is a great way to find potential earnings surprises.Why investors should take advantage now.

[Signature Bank’s (SBNY) Loans Increase, Deposits Decline]

Signature Bank’s (SBNY) deposit balances decline $1.64 billion from the start of the quarter through Sep 2.Loans increase $2.39 billion over the same period.

[Signature Bank (SBNY) Receives a Buy from Wedbush]

Wedbush analyst David Chiaverini maintained a Buy rating on Signature Bank (SBNY – Research Report) today and set a price target of $225.00.

The company’s shares opened today at $173.26.According to TipRanks, Chiaverini is…

[Why Is Signature Bank (SBNY) Up 7.5% Since Last Earnings Report?]

Signature Bank (SBNY) reported earnings 30 days ago.What’s next for the stock? We take a look at earnings estimates for some clues.

[Senvest Management, LLC Buys 4, Sells 1 in 2nd Quarter]

Senvest Management, LLC Buys 4, Sells 1 in 2nd Quarter

[FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ Buys 2, Sells 3 in 2nd Quarter]

FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ Buys 2, Sells 3 in 2nd Quarter

[TRAN CAPITAL MANAGEMENT, L.P.

Buys 2, Sells 3 in 2nd Quarter]

TRAN CAPITAL MANAGEMENT, L.P.Buys 2, Sells 3 in 2nd Quarter

[J.P.Morgan Thinks Signature Bank’s Stock is Going to Recover]

J.P.Morgan analyst Steven Alexopoulos maintained a Buy rating on Signature Bank (SBNY – Research Report) on July 20 and set a price target of $270.00.

The company’s shares closed last Thursday at $181.57, close to its 52-…

[Signature Bank (SBNY) Received its Third Buy in a Row]

After Raymond James and J.P.Morgan gave Signature Bank (NASDAQ: SBNY) a Buy rating last month, the company received another Buy, this time from Maxim Group.Analyst Michael Diana reiterated a Buy rating on Signature Bank …

[Wedbush Thinks Signature Bank’s Stock is Going to Recover]

In a report released today, David Chiaverini from Wedbush maintained a Buy rating on Signature Bank (SBNY – Research Report), with a price target of $240.00.The company’s shares closed last Tuesday at $187.37, close to it…

Signature Bank

Signature Bank engages in the provision of commercial banking services.

It operates through the Commercial Banking and Specialty Finance segments.The Commercial Banking segment consists of commercial real estate lending, commercial and industrial lending, and commercial deposit gathering activities.The Specialty Finance segment consists of financing and leasing products.The company was founded by John Tamberlane, Scott Aaron Shay, and Joseph J.

DePaolo in September 2000 and is headquartered in New York, NY.

Competitors

|Name||Chg %||Market Cap|

|$475.75M|

|$1.05B|

|$201.89M|

|$1.63B|

|$30.97B|

|$195.77M|

|$689.21M|

[Arrow Financial Corp.]

[Tompkins Financial Corp.]

[Evans Bancorp Inc.]

[NBT Bancorp Inc.]

[M&T Bank Corp.]

[Chemung Financial Corp.]

[Univest Financial Corp.].

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