Signature Bank (NASDAQ:SBNYP) Trading 3.5% Higher – Here’s Why

Signature Bank (NASDAQ:SBNYPGet Free Report) shot up 3.5% during trading on Friday . The stock traded as high as $1.19 and last traded at $1.19. 300 shares were traded during mid-day trading, a decline of 100% from the average session volume of 119,613 shares. The stock had previously closed at $1.15.

Signature Bank Stock Performance

The company’s 50 day simple moving average is $1.29 and its 200-day simple moving average is $2.31.

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.

Further Reading

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