Signature Bank (SBNY) : Conatus Capital Management Lp scooped up 331,645 additional shares in Signature Bank during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 840,825 shares of Signature Bank which is valued at $98,881,020.Signature Bank makes up approximately 5.89% of Conatus Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Alyeska Investment Group added SBNY to its portfolio by purchasing 75,729 company shares during the most recent quarter which is valued at $8,905,730. Signature Bank makes up approx 0.09% of Alyeska Investment Group’s portfolio.Wills Financial Group boosted its stake in SBNY in the latest quarter, The investment management firm added 755 additional shares and now holds a total of 12,656 shares of Signature Bank which is valued at $1,570,989. Signature Bank makes up approx 1.33% of Wills Financial Group’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in SBNY in the latest quarter, The investment management firm added 208 additional shares and now holds a total of 7,127 shares of Signature Bank which is valued at $854,100. Signature Bank makes up approx 0.02% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Anchor Capital Advisors boosted its stake in SBNY in the latest quarter, The investment management firm added 37 additional shares and now holds a total of 6,366 shares of Signature Bank which is valued at $762,901. Signature Bank makes up approx 0.02% of Anchor Capital Advisors’s portfolio.Sumitomo Mitsui Asset Management Company Ltd reduced its stake in SBNY by selling 4,046 shares or 54.13% in the most recent quarter. The Hedge Fund company now holds 3,429 shares of SBNY which is valued at $412,303. Signature Bank makes up approx 0.01% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.
Signature Bank closed down -1.17 points or -0.96% at $120.84 with 2,78,121 shares getting traded on Thursday. Post opening the session at $122.6, the shares hit an intraday low of $119.73 and an intraday high of $122.905 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Signature Bank reported $1.90 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Jul 20, 2016. Analyst had a consensus of $1.98.Analysts expectations of $ 295.42.During the same quarter in the previous year, the company posted $1.77 EPS.
Many Wall Street Analysts have commented on Signature Bank. Shares were Reiterated by FBR Capital on Jul 21, 2016 to “Outperform” and Lowered the Price Target to $ 155 from a previous price target of $167 .Signature Bank was Upgraded by Raymond James to ” Strong Buy” on Jun 21, 2016. Signature Bank was Downgraded by Piper Jaffray to ” Neutral” on May 31, 2016.
Signature Bank (the Bank) is a full-service commercial bank with 27 private client o?ffices located throughout the New York metropolitan area. The Bank primarily serves privately owned businesses their owners and senior managers. Signature Bank offers a range of business and personal banking products and services as well as investment brokerage asset management and insurance products and services through its subsidiary Signature Securities Group Corporation a licensed broker-dealer investment adviser. In addition Signature Banks wholly owned specialty finance subsidiary Signature Financial LLC provides equipment finance and leasing along with taxi medallion and transportation financing to clients located throughout the United States. Through Signature Securities it also purchases securitizes and sells the guaranteed portions of the United States Small Business Administration (SBA) loans.