Signature Bank (NASDAQ:SBNYP) Trading Down 22.7% – Time to Sell?

Signature Bank (NASDAQ:SBNYPGet Free Report) shares fell 22.7% during mid-day trading on Tuesday . The company traded as low as $1.16 and last traded at $1.16. 300 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 119,613 shares. The stock had previously closed at $1.50.

Signature Bank Trading Down 22.7%

The firm has a fifty day moving average price of $1.87 and a 200 day moving average price of $2.97.

About Signature Bank

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Signature Bank (NASDAQ: SBNYP) is a full-service commercial bank headquartered in New York, New York. Since its founding in 2001, the bank has focused on delivering relationship-based banking and lending solutions to privately owned businesses, their owners and senior managers. With a strong emphasis on client service, Signature Bank has built a reputation for personalized attention and rapid decision-making in its core markets.

The bank’s product suite includes commercial real estate lending, working capital financing, commercial deposit accounts and treasury management services.

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