EPS for Signature Bank (SBNY) Expected At $2.81

June 13, 2018 - By Kurt Siggers

Analysts expect Signature Bank (NASDAQ:SBNY) to report $2.81 EPS on July, 18.They anticipate $0.60 EPS change or 27.15 % from last quarter’s $2.21 EPS. SBNY’s profit would be $150.86 million giving it 11.23 P/E if the $2.81 EPS is correct. After having $2.69 EPS previously, Signature Bank’s analysts see 4.46 % EPS growth. The stock increased 0.40% or $0.5 during the last trading session, reaching $126.27. About 1.20M shares traded or 162.16% up from the average. Signature Bank (NASDAQ:SBNY) has declined 9.96% since June 14, 2017 and is downtrending. It has underperformed by 22.53% the S&P500.

Signature Bank (NASDAQ:SBNY) Ratings Coverage

Among 11 analysts covering Signature Bank (NASDAQ:SBNY), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Signature Bank had 20 analyst reports since December 18, 2017 according to SRatingsIntel. As per Thursday, December 21, the company rating was maintained by Keefe Bruyette & Woods. Hovde Group maintained it with “Hold” rating and $160.0 target in Wednesday, January 31 report. The rating was maintained by Jefferies on Thursday, April 19 with “Buy”. Wells Fargo maintained the shares of SBNY in report on Tuesday, January 9 with “Hold” rating. The rating was maintained by Jefferies on Friday, January 19 with “Buy”. Wells Fargo upgraded Signature Bank (NASDAQ:SBNY) on Friday, April 20 to “Outperform” rating. The company was maintained on Thursday, April 19 by Keefe Bruyette & Woods. The firm earned “Buy” rating on Thursday, January 18 by Keefe Bruyette & Woods. The company was maintained on Tuesday, January 2 by Barclays Capital. On Monday, January 8 the stock rating was maintained by Jefferies with “Buy”.

Signature Bank provides various business and personal banking services and products. The company has market cap of $6.78 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 23.93 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.

More news for Signature Bank (NASDAQ:SBNY) were recently published by: 247Wallst.com, which released: “Top Analyst Upgrades and Downgrades: Applied Materials, Comcast, HUYA, Sprint, Time Warner, Yelp and More” on June 13, 2018. Benzinga.com‘s article titled: “Benzinga’s Top Upgrades, Downgrades For June 13, 2018” and published on June 13, 2018 is yet another important article.

Signature Bank (NASDAQ:SBNY) Ratings Chart

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