StockNews.com began coverage on shares of Signature Bank (NASDAQ:SBNY – Free Report) in a report published on Saturday morning. The firm issued a sell rating on the stock.
Signature Bank Stock Down 10.0 %
Signature Bank stock opened at $0.05 on Friday. The firm has a 50 day simple moving average of $0.07 and a 200 day simple moving average of $8.90. The firm has a market capitalization of $2.83 million, a price-to-earnings ratio of 0.00 and a beta of 1.59. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.48. Signature Bank has a 1-year low of $0.00 and a 1-year high of $175.13.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. OLD Mission Capital LLC acquired a new position in Signature Bank during the 4th quarter valued at approximately $26,000. Quadrant Capital Group LLC grew its stake in shares of Signature Bank by 473.0% during the 4th quarter. Quadrant Capital Group LLC now owns 361 shares of the company’s stock worth $42,000 after purchasing an additional 298 shares during the period. Banque Cantonale Vaudoise lifted its holdings in shares of Signature Bank by 100.0% during the 4th quarter. Banque Cantonale Vaudoise now owns 400 shares of the company’s stock worth $46,000 after acquiring an additional 200 shares during the period. Laffer Tengler Investments acquired a new stake in shares of Signature Bank during the fourth quarter worth approximately $93,000. Finally, Harbour Investments Inc. lifted its stake in Signature Bank by 42.7% in the fourth quarter. Harbour Investments Inc. now owns 836 shares of the company’s stock valued at $96,000 after buying an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 6.02% of the company’s stock.
Signature Bank Company Profile
Signature Bank provides digital assets banking business and comprises of certain loan portfolios. The company was incorporated in 2000 and is based in New York, New York.
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