Signature Bank (SBNY) is Reiterated by FBR Capital to Outperform, Lowers Price Target to $ 155

Signature Bank (SBNY) was Reiterated by FBR Capital to “Outperform” while Lowering the Price Target of the company shares to $ 155 from a previous price target of $167 . FBR Capital advised their investors in a research report released on Jul 21, 2016.

Many Wall Street Analysts have commented on Signature Bank. 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.

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.

Signature Bank closed down -5.91 points or -4.55% at $124.04 with 19,89,917 shares getting traded on Wednesday. Post opening the session at $124.1, the shares hit an intraday low of $119.24 and an intraday high of $124.84 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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.

Signature Bank

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