Signature Bank (SBNY) Analysts See $2.81 EPS

June 14, 2018 - By Vivian Park

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 $150.84 million giving it 11.22 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 decreased 0.17% or $0.21 during the last trading session, reaching $126.06. About 672,706 shares traded or 44.29% up from the average. Signature Bank (NASDAQ:SBNY) has declined 9.96% since June 15, 2017 and is downtrending. It has underperformed by 22.53% the S&P500.

Signature Bank (NASDAQ:SBNY) Ratings Coverage

Among 12 analysts covering Signature Bank (NASDAQ:SBNY), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Signature Bank had 21 analyst reports since December 18, 2017 according to SRatingsIntel. The stock of Signature Bank (NASDAQ:SBNY) has “Hold” rating given on Thursday, January 18 by Piper Jaffray. The company was maintained on Thursday, April 19 by BMO Capital Markets. The stock of Signature Bank (NASDAQ:SBNY) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, April 24. Wells Fargo upgraded the stock to “Outperform” rating in Friday, April 20 report. The stock has “Buy” rating by Jefferies on Thursday, April 19. As per Friday, April 20, the company rating was maintained by Piper Jaffray. The rating was maintained by Barclays Capital with “Buy” on Tuesday, January 2. The stock of Signature Bank (NASDAQ:SBNY) earned “Buy” rating by Jefferies on Friday, January 19. The rating was maintained by Maxim Group with “Buy” on Thursday, April 19. The stock has “Buy” rating by Maxim Group on Friday, January 19.

Signature Bank provides various business and personal banking services and products. The company has market cap of $6.77 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 23.89 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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