Somewhat Positive Media Coverage Somewhat Unlikely to Affect Signature Bank (SBNY) Stock Price

News coverage about Signature Bank (NASDAQ:SBNY) has trended somewhat positive on Saturday, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Signature Bank earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 46.9207214579895 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Signature Bank stock traded up $0.79 during mid-day trading on Friday, reaching $141.95. The company had a trading volume of 394,241 shares, compared to its average volume of 449,115. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.96 and a quick ratio of 0.95. Signature Bank has a 52 week low of $116.68 and a 52 week high of $161.92. The company has a market cap of $7,804.27, a PE ratio of 15.93, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11.

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Signature Bank (NASDAQ:SBNY) last issued its quarterly earnings results on Thursday, January 18th. The bank reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.20. Signature Bank had a net margin of 25.71% and a return on equity of 12.72%. The firm had revenue of $328.27 million during the quarter, compared to the consensus estimate of $321.86 million. During the same period in the prior year, the firm earned $2.11 EPS. analysts expect that Signature Bank will post 11.13 earnings per share for the current fiscal year.

Several analysts recently commented on the stock. Keefe, Bruyette & Woods reissued a “buy” rating and set a $181.00 target price on shares of Signature Bank in a research note on Tuesday, February 27th. Wells Fargo restated an “outperform” rating and set a $150.00 price target (up previously from $137.00) on shares of Signature Bank in a report on Tuesday, January 9th. Piper Jaffray restated a “hold” rating and set a $149.00 price target 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 target on shares of Signature Bank in a report on Wednesday, December 20th. Finally, Barclays boosted their price target on shares of 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, six have assigned a hold rating and thirteen have issued a buy rating to the stock. Signature Bank presently has an average rating of “Buy” and an average target price of $161.12.

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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.

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