Signature Bank (SBNY) EPS Estimated At $2.81

June 21, 2018 - By Henry Gaston

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 $150.85M giving it 11.66 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 1.02% or $1.32 during the last trading session, reaching $131.05. About 500,417 shares traded or 4.39% up from the average. Signature Bank (NASDAQ:SBNY) has declined 9.96% since June 21, 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 20 analyst reports since December 21, 2017 according to SRatingsIntel. Piper Jaffray maintained the stock with “Hold” rating in Thursday, January 18 report. The stock of Signature Bank (NASDAQ:SBNY) has “Buy” rating given on Friday, January 19 by Maxim Group. The company was upgraded on Friday, April 20 by Wells Fargo. The stock has “Hold” rating by Hovde Group on Wednesday, January 31. The firm earned “Buy” rating on Thursday, January 18 by Stephens. On Thursday, April 19 the stock rating was maintained by BMO Capital Markets with “Buy”. The stock has “Buy” rating by Keefe Bruyette & Woods on Thursday, April 19. The firm has “Buy” rating by Barclays Capital given on Tuesday, January 2. The rating was maintained by Jefferies on Monday, January 8 with “Buy”. The rating was maintained by Wells Fargo on Tuesday, January 9 with “Hold”.

Signature Bank provides various business and personal banking services and products. The company has market cap of $7.04 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 24.83 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.

Another recent and important Signature Bank (NASDAQ:SBNY) news was published by Businesswire.com which published an article titled: “Signature Bank to Present at the 2018 Morgan Stanley Financials Conference” on June 11, 2018.

Signature Bank (NASDAQ:SBNY) Ratings Chart

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