Signature Bank (SBNY) Analysts See $2.83 EPS

September 25, 2018 - By Kristin Houston

Analysts expect Signature Bank (NASDAQ:SBNY) to report $2.83 EPS on October, 18.They anticipate $0.54 EPS change or 23.58 % from last quarter’s $2.29 EPS. SBNY’s profit would be $156.64 million giving it 10.13 P/E if the $2.83 EPS is correct. After having $2.82 EPS previously, Signature Bank’s analysts see 0.35 % EPS growth. The stock decreased 3.13% or $3.81 during the last trading session, reaching $114.69. About 479,959 shares traded. Signature Bank (NASDAQ:SBNY) has declined 9.17% since September 25, 2017 and is downtrending. It has underperformed by 24.79% the S&P500.

Signature Bank (NASDAQ:SBNY) Ratings Coverage

Among 12 analysts covering Signature Bank (NASDAQ:SBNY), 7 have Buy rating, 0 Sell and 5 Hold. Therefore 58% are positive. Signature Bank had 16 analyst reports since April 19, 2018 according to SRatingsIntel. Piper Jaffray maintained the shares of SBNY in report on Friday, April 20 with “Hold” rating. The rating was upgraded by PiperJaffray to “Overweight” on Wednesday, June 13. The firm has “Outperform” rating given on Thursday, August 9 by Hovde Group. Morgan Stanley maintained Signature Bank (NASDAQ:SBNY) on Tuesday, July 31 with “Equal-Weight” rating. The stock has “Overweight” rating by Barclays Capital on Friday, July 20. The company was maintained on Tuesday, April 24 by Morgan Stanley. The company was maintained on Tuesday, September 18 by Morgan Stanley. The firm has “Neutral” rating given on Friday, July 20 by JP Morgan. The firm earned “Buy” rating on Thursday, April 19 by Keefe Bruyette & Woods. The stock has “Buy” rating by Jefferies on Thursday, April 19.

Signature Bank provides various business and personal banking services and products. The company has market cap of $6.35 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 14.6 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 which published an article titled: “Signature Bank Ranks Number One in Three Categories of the New York Law Journal’s Ninth Annual “Best Of” Survey” on September 24, 2018.

Signature Bank (NASDAQ:SBNY) Ratings Chart

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