Signature Bank (SBNY) Scheduled to Post Earnings on Wednesday

Signature Bank (NASDAQ:SBNY) is set to release its earnings data before the market opens on Wednesday, January 17th. Analysts expect Signature Bank to post earnings of $2.25 per share for the quarter.

Signature Bank (NASDAQ:SBNY) last released its earnings results on Thursday, October 19th. The bank reported $2.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.19 by $0.10. The firm had revenue of $316.94 million for the quarter, compared to analysts’ expectations of $322.22 million. Signature Bank had a net margin of 26.40% and a return on equity of 12.58%. During the same quarter last year, the company earned $2.11 EPS. On average, analysts expect Signature Bank to post $7 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Signature Bank (NASDAQ SBNY) opened at $142.01 on Wednesday. The company has a market cap of $7,760.00, a PE ratio of 19.92, a price-to-earnings-growth ratio of 1.36 and a beta of 1.02. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.91 and a current ratio of 0.92. Signature Bank has a 52 week low of $116.68 and a 52 week high of $164.23.

Several research firms have commented on SBNY. Piper Jaffray Companies reissued a “hold” rating and set a $149.00 target price on shares of Signature Bank in a research note on Tuesday. Wells Fargo & Co reissued an “outperform” rating and set a $150.00 target price (up previously from $137.00) on shares of Signature Bank in a research note on Tuesday. Barclays lifted their price objective on shares of Signature Bank from $140.00 to $151.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. FIG Partners reaffirmed an “outperform” rating and issued a $150.00 price objective on shares of Signature Bank in a research note on Monday, October 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $142.00 price objective on shares of Signature Bank in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. Signature Bank has an average rating of “Buy” and a consensus price target of $155.19.

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Signature Bank Company Profile

Signature Bank is a full-service commercial bank. The Bank operates over 30 private client offices throughout the New York metropolitan area. Its segments include Commercial Banking and Specialty Finance. It offers a range of business and personal banking products and services. Its specialty finance subsidiary, Signature Financial LLC (Signature Financial), provides equipment finance and leasing services.

Earnings History for Signature Bank (NASDAQ:SBNY)

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