Shares of Signature Bank (NASDAQ:SBNY – Get Free Report) shot up 11.1% during mid-day trading on Tuesday . The company traded as high as $0.50 and last traded at $0.50. 21,459 shares were traded during trading, a decline of 43% from the average session volume of 37,379 shares. The stock had previously closed at $0.45.
Signature Bank Stock Down 6.0%
The stock has a market cap of $29.58 million, a price-to-earnings ratio of 0.15 and a beta of 11.63. The company has a 50 day simple moving average of $0.61 and a 200-day simple moving average of $0.80.
About Signature Bank
Signature Bank was a full-service commercial bank headquartered in New York City, founded in 2001. It focused on serving privately owned businesses, their owners and senior managers, real estate investors, and private equity firms. The bank operated through relationship-driven banking, providing deposit, lending and treasury management services to a range of corporate and individual clients.
Its core offerings included commercial real estate financing, business and industrial lending, and working capital solutions tailored to owner-managed enterprises.
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