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

June 27, 2018 - By Toni Killen

Signature Bank (NASDAQ:SBNY) is expected to reveal earnings on July, 18., as reported by RTT. This year’s earnings per share analyst estimate is expected to be $2.81. That is 27.15 % up compareed to $2.21 earnings per share for last year. If reported the P/E will be 11.41 with $150.85M profit. Wall Street now predicts 4.46 % EPS growth despite Signature Bank previous quarter’s EPS of $2.69. Ticker’s shares touched $128.2925 during the last trading session after 0.25% change.Signature Bank has volume of 144,058 shares. Since June 27, 2017 SBNY has declined 9.96% and is downtrending. The stock underperformed the S&P 500 by 22.53%.

Signature Bank (NASDAQ:SBNY) Ratings Coverage

A total of 12 analysts rate Signature Bank (NASDAQ:SBNY) as follows: 8 “Buy”, 4 “Hold” and 0 “Sell”. Тherefore 67% are bullish. (NASDAQ:SBNY) has 19 ratings reports on Jun 27, 2018 according to StockzIntelligence. On Friday, January 19 Maxim Group maintained Signature Bank (NASDAQ:SBNY) rating. Maxim Group has “Buy” rating and $200.0 target. On Monday, February 26 the rating was maintained by Keefe Bruyette & Woods with “Buy”. On Tuesday, April 24 the stock of Signature Bank (NASDAQ:SBNY) earned “Equal-Weight” rating by Morgan Stanley. On Wednesday, June 13 the stock of Signature Bank (NASDAQ:SBNY) earned “Overweight” rating by PiperJaffray. On Tuesday, January 2 the rating was maintained by Barclays Capital with “Buy”. The stock rating was maintained by Jefferies with “Buy” on Friday, January 19. In Thursday, April 19 report Jefferies maintained the stock with “Buy” rating. In Friday, April 20 report Piper Jaffray maintained the stock with “Hold” rating. On Thursday, January 18 the stock of Signature Bank (NASDAQ:SBNY) earned “Buy” rating by Stephens. On Monday, January 8 the firm has “Buy” rating given by Jefferies.

Signature Bank provides various business and personal banking services and products.The firm is worth $6.89 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.24.31 is the 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 two news for Signature Bank (NASDAQ:SBNY) were recently announced by: on June 11, 2018 with title “Signature Bank to Present at the 2018 Morgan Stanley Financials Conference”. The other‘s article was titled “20 Massively Underpriced Stocks Wall Street Expects to Soar” and announced on June 25, 2018.

Signature Bank (NASDAQ:SBNY) Analyst Ratings Chart

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