Brokerage Firm Rating Update on Signature Bank (SBNY)

Signature Bank (SBNY) : Zacks Investment Research ranks Signature Bank (SBNY) as 4, which is a Sell recommendation. 8 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 15 research analysts is 1.7, which indicates as a Buy.

Signature Bank (SBNY) : Currently there are 14 street experts covering Signature Bank (SBNY) stock. The most bullish and bearish price target for the stock is $175 and $144 respectively for the short term. The average price target of all the analysts comes to $155.43. The estimated standard deviation from the target is $9.71.


For the current week, the company shares have a recommendation consensus of Buy. Also, Morgan Stanley maintains their rating on the shares of Signature Bank (NASDAQ:SBNY). The current rating of the shares is Overweight. Equity Analysts at the Firm lowers the price target to $152 per share from $158 per share. The rating by the firm was issued on August 1, 2016.

Signature Bank (NASDAQ:SBNY): The stock opened at $118.09 and touched an intraday high of $119.78 on Wednesday. During the day, the stock corrected to an intraday low of $118.04, however, the bulls stepped in and pushed the price higher to close in the green at $119.66 with a gain of 0.75% for the day. The total traded volume for the day was 409,920. The stock had closed at $118.77 in the previous trading session.

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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