Deutsche Bank AG lifted its position in shares of Signature Bank (NASDAQ:SBNY) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 434,099 shares of the bank’s stock after purchasing an additional 1,035 shares during the period. Deutsche Bank AG owned about 0.79% of Signature Bank worth $59,580,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC bought a new stake in shares of Signature Bank during the fourth quarter worth about $316,000. Natixis Asset Management grew its holdings in shares of Signature Bank by 11.2% during the fourth quarter. Natixis Asset Management now owns 34,637 shares of the bank’s stock worth $4,756,000 after purchasing an additional 3,494 shares during the last quarter. Folger Hill Asset Management LP grew its holdings in shares of Signature Bank by 780.0% during the fourth quarter. Folger Hill Asset Management LP now owns 26,400 shares of the bank’s stock worth $3,624,000 after purchasing an additional 23,400 shares during the last quarter. AMP Capital Investors Ltd grew its holdings in shares of Signature Bank by 2.8% during the fourth quarter. AMP Capital Investors Ltd now owns 15,842 shares of the bank’s stock worth $2,175,000 after purchasing an additional 429 shares during the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new position in shares of Signature Bank in the fourth quarter worth approximately $10,106,000. Institutional investors own 94.91% of the company’s stock.
Signature Bank (NASDAQ SBNY) opened at $157.35 on Wednesday. Signature Bank has a 12 month low of $116.68 and a 12 month high of $161.92. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $8,643.80, a P/E ratio of 22.04, a price-to-earnings-growth ratio of 1.31 and a beta of 1.11.
Signature Bank (NASDAQ:SBNY) last issued its quarterly earnings results on Thursday, January 18th. The bank reported $2.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.23 by $0.20. Signature Bank had a return on equity of 12.72% and a net margin of 25.71%. The firm had revenue of $328.27 million for the quarter, compared to analyst estimates of $321.86 million. During the same period in the previous year, the firm earned $2.11 earnings per share. equities research analysts anticipate that Signature Bank will post 11.13 EPS for the current year.
SBNY has been the topic of a number of recent analyst reports. BMO Capital Markets reaffirmed a “buy” rating and issued a $163.00 price objective on shares of Signature Bank in a research note on Wednesday, December 20th. TheStreet raised Signature Bank from a “c+” rating to a “b” rating in a research note on Wednesday, November 29th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $150.00 price objective (up from $137.00) on shares of Signature Bank in a research note on Tuesday, January 9th. Barclays lifted their price objective on Signature Bank from $140.00 to $151.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Stephens reaffirmed a “buy” rating on shares of Signature Bank in a research note on Friday, January 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $161.00.
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Signature Bank Company Profile
Signature Bank is a full-service commercial bank. The Bank operates over 30 private client offices throughout the New York metropolitan area. Its segments include Commercial Banking and Specialty Finance. It offers a range of business and personal banking products and services. Its specialty finance subsidiary, Signature Financial LLC (Signature Financial), provides equipment finance and leasing services.
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