Shares of Signature Bank (NASDAQ:SBNYP – Get Free Report) shot up 4.2% during trading on Friday. The company traded as high as $1.25 and last traded at $1.25. 400 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 119,613 shares. The stock had previously closed at $1.20.
Signature Bank Stock Performance
The firm’s 50-day simple moving average is $1.23 and its two-hundred day simple moving average is $2.04.
Signature Bank Company Profile
Signature Bank was a New York-based full-service commercial bank that provided banking and financial services to privately owned businesses, their owners and other high-net-worth clients. Its offerings included business checking and savings accounts, cash-management services, commercial lending, real estate finance, personal banking and wealth-management services.
Founded in 2001, the bank operated through private client banking teams and served customers primarily in the New York metropolitan area, as well as in California and other U.S.
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