Maryland Capital Management buys $20.4 Million stake in Signature Bank (SBNY)

Signature Bank (SBNY) : Maryland Capital Management scooped up 10,996 additional shares in Signature Bank during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 155,413 shares of Signature Bank which is valued at $20.4 Million.Signature Bank makes up approximately 3.04% of Maryland Capital Management’s portfolio.

Other Hedge Funds, Including , Gsa Capital Partners Llp boosted its stake in SBNY in the latest quarter, The investment management firm added 480 additional shares and now holds a total of 3,813 shares of Signature Bank which is valued at $499,884. Signature Bank makes up approx 0.03% of Gsa Capital Partners Llp’s portfolio. Trexquant Investment Lp added SBNY to its portfolio by purchasing 21,445 company shares during the most recent quarter which is valued at $2.8 Million. Signature Bank makes up approx 0.33% of Trexquant Investment Lp’s portfolio. Archford Capital Strategies sold out all of its stake in SBNY during the most recent quarter. The investment firm sold 34 shares of SBNY which is valued $4,457.Secor Capital Advisors Lp reduced its stake in SBNY by selling 2,372 shares or 24.08% in the most recent quarter. The Hedge Fund company now holds 7,479 shares of SBNY which is valued at $980,497. Signature Bank makes up approx 0.19% of Secor Capital Advisors Lp’s portfolio.

Signature Bank opened for trading at $133.64 and hit $135.125 on the upside on Friday, eventually ending the session at $134.23, with a gain of 0.69% or 0.92 points. The heightened volatility saw the trading volume jump to 2,48,240 shares. Company has a market cap of $6,826,938 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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