Large Outflow of Money Witnessed in Signature Bank

Signature Bank (SBNY) : The value of composite uptick trades was $4.85 million, whereas, the value of composite downtick trades was $6.66 million. The uptick to downtick ratio stood at 0.73 with a negative money flow of ($1.81) Million during Fridays trading session. The block trades money flow was negative ($0 million). The transaction of the trades on downticks amounted to $0 million, which confirms investors selling on the strength of price. Signature Bank (SBNY) gained 15 cents at $123.12, an increase of 0.12% over the previous days close.


Signature Bank (SBNY) : The highest level Signature Bank (SBNY) is projected to reach is $175 for the short term and the lowest estimate is at $146. The consolidated price target from 14 rating analysts who initiate coverage on the stock is $157.5 and the possibility the share price can swing is $9.46.

Signature Bank (NASDAQ:SBNY): stock turned positive on Friday. Though the stock opened at $122.73, the bulls momentum made the stock top out at $124.61 level for the day. The stock recorded a low of $122 and closed the trading day at $124.07, in the green by 0.89%. The total traded volume for the day was 492,910. The stock had closed at $122.97 in the previous days trading.

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.

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