Signature Bank (NASDAQ: SBNY) is 12.06% higher on its value in year-to-date trading and has touched a low of $106.81 and a high of $355.51 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SBNY stock was last observed hovering at around $127.79 in the last trading session, with the day’s gains setting it 1.32% off its average median price target of $145.00 for the next 12 months. It is also 39.67% off the consensus price target high of $214.00 offered by 18 analysts, but current levels are -15.28% lower than the price target low of $112.00 for the same period.
Currently trading at $129.11, the stock is 10.79% and 3.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.85 million and changing 1.03% at the moment leaves the stock -26.50% off its SMA200. SBNY registered -62.03% loss for a year compared to 6-month loss of -26.60%.
The stock witnessed a 13.33% gain in the last 1 month and extending the period to 3 months gives it a -9.50%, and is 9.07% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.17% over the week and 5.13% over the month.
Signature Bank (SBNY) has around 1854 employees, a market worth around $7.56B and $2.58B in sales. Current P/E ratio is 6.87 and Fwd P/E is 8.11. Profit margin for the company is 44.80%. Distance from 52-week low is 20.88% and -63.68% from its 52-week high. The company has generated returns on investments over the last 12 months (17.80%).
Signature Bank (SBNY) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Signature Bank (SBNY) is a “Overweight”. 18 analysts offering their recommendations for the stock have an average rating of 2.20, where 7 rate it as a Hold and 0 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Signature Bank is expected to release its quarterly report on 04/19/2023.The EPS is expected to grow by 51.20% this year.
Signature Bank (SBNY) Top Institutional Holders
The shares outstanding are 62.44M, and float is at 61.82M with Short Float at 5.43%.
Signature Bank (SBNY): Who are the competitors?
The company’s main competitors (and peers) include Arrow Financial Corporation (AROW) that is trading 2.08% up over the past 12 months and Tompkins Financial Corporation (TMP) that is -7.26% lower over the same period. Evans Bancorp Inc. (EVBN) is -4.36% down on the 1-year trading charts.