Analysts See $2.83 EPS for Signature Bank (SBNY)

September 25, 2018 - By Lisa Delgado

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. As per Friday, July 20, the company rating was maintained by Barclays Capital. On Thursday, April 19 the stock rating was maintained by BMO Capital Markets with “Buy”. Maxim Group maintained Signature Bank (NASDAQ:SBNY) rating on Thursday, April 19. Maxim Group has “Buy” rating and $20000 target. The stock of Signature Bank (NASDAQ:SBNY) earned “Market Perform” rating by BMO Capital Markets on Friday, July 20. The firm has “Neutral” rating given on Friday, July 20 by Wedbush. The firm has “Hold” rating by Piper Jaffray given on Friday, April 20. Morgan Stanley maintained it with “Equal-Weight” rating and $135 target in Tuesday, July 31 report. Morgan Stanley maintained the stock with “Equal-Weight” rating in Tuesday, September 18 report. JP Morgan downgraded the shares of SBNY in report on Friday, July 20 to “Neutral” rating. Keefe Bruyette & Woods maintained Signature Bank (NASDAQ:SBNY) on Thursday, April 19 with “Buy” rating.

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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