On July, 18 Analysts See $2.81 EPS for Signature Bank (SBNY)

June 27, 2018 - By Jacqueline McKee

Signature Bank (NASDAQ:SBNY)’s quarterly earnings will be announced on July, 18., Faxor reports. Analysts predict $2.81 earnings per share, which is $0.60 up or 27.15 % from 2017’s $2.21 earnings per share. SBNY’s profit could reach $150.85M if the current earnings per share of $2.81 is accurate. Analysts at Wall Street see Signature Bank’s 4.46 % EPS growth compared to $2.69 earnings per share for last quarter. SBNY hit $128.2925 during the last trading session after $0.3175 change.Signature Bank has volume of 144,058 shares. Since June 27, 2017 SBNY has declined 9.96% and is downtrending. SBNY underperformed the S&P500 by 22.53%.

Signature Bank (NASDAQ:SBNY) Ratings Coverage

Total analysts of 12 have positions in Signature Bank (NASDAQ:SBNY) as follows: 8 rated it a “Buy”, 0 with “Sell” and 4 with “Hold”. The positive are 67%. Since January 2, 2018 according to StockzIntelligence Inc Signature Bank has 19 analyst reports. On Friday, April 20 the stock of Signature Bank (NASDAQ:SBNY) earned “Outperform” rating by Wells Fargo. The company rating was maintained by Piper Jaffray on Thursday, January 18. The company rating was maintained by Wells Fargo on Tuesday, January 9. On Thursday, April 19 the rating was maintained by Jefferies with “Buy”. The company rating was maintained by BMO Capital Markets on Thursday, April 19. On Wednesday, January 31 the company was maintained by Hovde Group. On Thursday, January 18 Stephens maintained Signature Bank (NASDAQ:SBNY) with “Buy” rating. On Wednesday, June 13 the stock of Signature Bank (NASDAQ:SBNY) earned “Overweight” rating by PiperJaffray. On Thursday, January 18 the firm earned “Buy” rating by Keefe Bruyette & Woods. On Tuesday, April 24 Morgan Stanley maintained Signature Bank (NASDAQ:SBNY) with “Equal-Weight” rating.

Signature Bank provides various business and personal banking services and products.The company has $6.89 billion market cap. 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.The P/E ratio is 24.31. 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 two news for Signature Bank (NASDAQ:SBNY) were briefly brought out by: Businesswire.com on June 11, 2018 with title “Signature Bank to Present at the 2018 Morgan Stanley Financials Conference”. The other Investorplace.com‘s article was titled “20 Massively Underpriced Stocks Wall Street Expects to Soar” and brought out on June 25, 2018.

Signature Bank (NASDAQ:SBNY) Analyst Ratings Chart

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