Signature Bank (NASDAQ:SBNY) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of Signature Bank (NASDAQ:SBNY) in a research report released on Friday. The firm issued a sell rating on the stock.

Signature Bank Price Performance

Shares of NASDAQ SBNY traded down $0.05 during midday trading on Friday, reaching $1.95. The company’s stock had a trading volume of 28,630 shares, compared to its average volume of 106,583. Signature Bank has a fifty-two week low of $0.00 and a fifty-two week high of $4.10. The stock has a 50 day simple moving average of $2.17 and a 200-day simple moving average of $2.40.

About Signature Bank

As of March 12, 2023, Signature Bank went out of business. Previously, the company provided digital assets banking services and comprised of certain loan portfolios. The company was incorporated in 2000 and is based in New York, New York. Signature Bank now trades on OTCPK.