Gideon Capital Advisors adds Signature Bank (SBNY) to its portfolio

Signature Bank (SBNY) : Gideon Capital Advisors added new position in Signature Bank during the most recent quarter end. The investment management firm now holds 17,284 shares of Signature Bank which is valued at $2,265,932 , the company said in a statement filed on May 10, 2016 with the SEC.Signature Bank makes up approximately 2.84% of Gideon Capital Advisors’s portfolio.

Other Hedge Funds, Including , Blackrock Japan Ltd reduced its stake in SBNY by selling 915 shares or 1.43% in the most recent quarter. The Hedge Fund company now holds 63,014 shares of SBNY which is valued at $8,261,135. Signature Bank makes up approx 0.03% of Blackrock Japan Ltd’s portfolio. Ifc Holdings Incorporatedfl sold out all of its stake in SBNY during the most recent quarter. The investment firm sold 8,377 shares of SBNY which is valued $1,102,329.State Board Of Administration Of Florida Retirement System boosted its stake in SBNY in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 57,952 shares of Signature Bank which is valued at $7,625,904. Signature Bank makes up approx 0.03% of State Board Of Administration Of Florida Retirement System’s portfolio.Harel Insurance Investments Financial Services Ltd. reduced its stake in SBNY by selling 340 shares or 53.97% in the most recent quarter. The Hedge Fund company now holds 290 shares of SBNY which is valued at $38,161.Wright Investors Service Inc boosted its stake in SBNY in the latest quarter, The investment management firm added 568 additional shares and now holds a total of 11,405 shares of Signature Bank which is valued at $1,571,951. Signature Bank makes up approx 0.62% of Wright Investors Service Inc’s portfolio.

Signature Bank opened for trading at $131.2 and hit $133.24 on the upside on Monday, eventually ending the session at $132.15, with a gain of 0.80% or 1.05 points. The heightened volatility saw the trading volume jump to 3,28,911 shares. Company has a market cap of $7,040 M.

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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