Signature Bank (NASDAQ:SBNY – Get Free Report)’s share price rose 47.2% during mid-day trading on Thursday. The company traded as high as $0.2650 and last traded at $0.2650. 2,918,505 shares were traded during trading, an increase of 2,526% from the average daily volume of 111,125 shares. The stock had previously closed at $0.18.
Signature Bank Stock Performance
The firm’s 50 day moving average price is $0.26 and its two-hundred day moving average price is $0.50. The company has a market cap of $12.59 million, a P/E ratio of 0.15 and a beta of 12.60.
About Signature Bank
Signature Bank was a New York-based full-service commercial bank that served privately owned businesses, their owners and senior managers. Founded in 2001, the bank provided relationship-based banking through private client banking teams and operated primarily in the New York metropolitan area, with additional offices in California and North Carolina.
The bank offered business and personal deposit accounts, commercial lending, commercial real estate financing, multifamily and construction loans, wealth management, and other banking services.
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