$2.81 EPS Expected for Signature Bank (SBNY)

June 14, 2018 - By Larry 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. Stephens maintained the stock with “Buy” rating in Thursday, January 18 report. The stock of Signature Bank (NASDAQ:SBNY) has “Buy” rating given on Monday, December 18 by BMO Capital Markets. Hovde Group maintained Signature Bank (NASDAQ:SBNY) on Wednesday, January 31 with “Hold” rating. Piper Jaffray maintained it with “Hold” rating and $15000 target in Friday, April 20 report. The firm has “Buy” rating by Jefferies given on Monday, January 8. The stock of Signature Bank (NASDAQ:SBNY) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, January 18. The firm has “Buy” rating given on Thursday, April 19 by BMO Capital Markets. The rating was maintained by Maxim Group on Friday, January 19 with “Buy”. The stock of Signature Bank (NASDAQ:SBNY) has “Buy” rating given on Thursday, April 19 by Jefferies. The firm earned “Buy” rating on Friday, January 19 by Jefferies.

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: Benzinga.com, which released: “Benzinga’s Top Upgrades, Downgrades For June 13, 2018” on June 13, 2018. 247Wallst.com‘s article titled: “Top Analyst Upgrades and Downgrades: Applied Materials, Comcast, HUYA, Sprint, Time Warner, Yelp and More” and published on June 13, 2018 is yet another important article.

Signature Bank (NASDAQ:SBNY) Ratings Chart

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