Redwood Investments buys $20,866,002 stake in Signature Bank (SBNY)

Signature Bank (SBNY) : Redwood Investments scooped up 8,348 additional shares in Signature Bank during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 147,234 shares of Signature Bank which is valued at $20,866,002.Signature Bank makes up approximately 2.05% of Redwood Investments’s portfolio.

Signature Bank opened for trading at $139 and hit $141.93 on the upside on Friday, eventually ending the session at $141.72, with a gain of 2.64% or 3.65 points. The heightened volatility saw the trading volume jump to 5,74,158 shares. Company has a market cap of $7,550 M.

Other Hedge Funds, Including , First Quadrant L Pca reduced its stake in SBNY by selling 337 shares or 56.17% in the most recent quarter. The Hedge Fund company now holds 263 shares of SBNY which is valued at $37,272.Btim Corp. reduced its stake in SBNY by selling 14,152 shares or 25.52% in the most recent quarter. The Hedge Fund company now holds 41,298 shares of SBNY which is valued at $5,852,753. Signature Bank makes up approx 0.10% of Btim Corp.’s portfolio.Jaffetilchin Investment Partners reduced its stake in SBNY by selling 7,667 shares or 68.75% in the most recent quarter. The Hedge Fund company now holds 3,485 shares of SBNY which is valued at $497,449. Signature Bank makes up approx 0.16% of Jaffetilchin Investment Partners’s portfolio.Capstone Asset Management Co boosted its stake in SBNY in the latest quarter, The investment management firm added 379 additional shares and now holds a total of 4,849 shares of Signature Bank which is valued at $692,146. Signature Bank makes up approx 0.02% of Capstone Asset Management Co’s portfolio.

On the company’s financial health, Signature Bank reported $1.97 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $1.94.Analysts expectations of $ 282.76.During the same quarter in the previous year, the company posted $1.64 EPS.

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 Bank’s 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.

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