EPS for Signature Bank (SBNY) Expected At $2.67

March 20, 2018 - By Adrian Erickson

 EPS for Signature Bank (SBNY) Expected At $2.67

Analysts expect Signature Bank (NASDAQ:SBNY) to report $2.67 EPS on April, 18.They anticipate $0.52 EPS change or 24.19 % from last quarter’s $2.15 EPS. SBNY’s profit would be $143.34 million giving it 14.33 P/E if the $2.67 EPS is correct. After having $2.43 EPS previously, Signature Bank’s analysts see 9.88 % EPS growth. The stock decreased 0.98% or $1.51 during the last trading session, reaching $153.02. About 243,656 shares traded. Signature Bank (NASDAQ:SBNY) has risen 4.47% since March 21, 2017 and is uptrending. It has underperformed by 12.23% the S&P500.

Signature Bank (NASDAQ:SBNY) Ratings Coverage

Among 22 analysts covering Signature Bank (NASDAQ:SBNY), 16 have Buy rating, 0 Sell and 6 Hold. Therefore 73% are positive. Signature Bank had 68 analyst reports since July 22, 2015 according to SRatingsIntel. BMO Capital Markets maintained the shares of SBNY in report on Friday, July 7 with “Hold” rating. Maxim Group maintained it with “Buy” rating and $175.0 target in Thursday, October 19 report. As per Monday, February 26, the company rating was maintained by Keefe Bruyette & Woods. As per Tuesday, October 3, the company rating was maintained by BMO Capital Markets. The firm has “Hold” rating by Zacks given on Tuesday, September 8. The company was maintained on Wednesday, July 19 by Maxim Group. Barclays Capital maintained Signature Bank (NASDAQ:SBNY) rating on Tuesday, January 2. Barclays Capital has “Buy” rating and $151.0 target. BMO Capital Markets upgraded the shares of SBNY in report on Friday, October 20 to “Buy” rating. The stock of Signature Bank (NASDAQ:SBNY) has “Strong Buy” rating given on Tuesday, June 21 by Raymond James. Maxim Group maintained the shares of SBNY in report on Friday, January 19 with “Buy” rating.

Signature Bank provides various business and personal banking services and products. The company has market cap of $8.22 billion. It accepts various deposit products, including commercial checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, interest-bearing and non-interest-bearing checking accounts, certificates of deposit, time deposits, and other cash management products. It has a 21.49 P/E ratio. The firm also offers loan products comprising commercial and industrial loans; real estate loans, such as loans secured by commercial and residential properties, and construction and land loans; temporary financing for commercial and residential properties; letters of credit; and personal lines of credit and loans to acquire personal assets, as well as asset lending, mortgages, home equity loans, and credit card accounts.

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