Signature Bank (SBNY) Releases Earnings Results, Misses Expectations By $-0.08 EPS

Signature Bank (SBNY) reported quarterly earnings results on Wednesday, Jul-20-2016. The company reported $1.90 earnings per share for the quarter, missing the analyst consensus estimate by $-0.08. Analysts had a consensus of $1.98. Analysts expectations of $295.42 million. During the same quarter in the previous year, the company posted $1.77 EPS.

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.

Signature Bank closed down -1.3 points or -1.00% at $129.11 with 5,89,861 shares getting traded on Monday. Post opening the session at $130.99, the shares hit an intraday low of $128.63 and an intraday high of $130.99 and the price fluctuated in this range throughout the day.Shares ended Monday 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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