StockNews.com Initiates Coverage on Signature Bank (NASDAQ:SBNY)

Equities researchers at StockNews.com began coverage on shares of Signature Bank (NASDAQ:SBNY) in a research note issued on Monday. The firm set a “sell” rating on the stock.

Signature Bank Trading Down 1.2 %

Shares of Signature Bank stock opened at $1.23 on Monday. Signature Bank has a 52 week low of $0.00 and a 52 week high of $4.10. The stock has a market cap of $77.40 million, a PE ratio of 0.08 and a beta of 9.44. The company’s 50-day moving average price is $1.41 and its two-hundred day moving average price is $1.82.

Signature Bank Company Profile

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.