Analysts at StockNews.com assumed coverage on shares of Signature Bank (NASDAQ:SBNY – Get Free Report) in a report issued on Sunday. The brokerage set a “sell” rating on the stock.
Signature Bank Stock Performance
SBNY stock opened at $0.02 on Friday. The firm has a 50 day moving average of $0.02 and a 200-day moving average of $0.08. Signature Bank has a 12 month low of $0.00 and a 12 month high of $149.72. The firm has a market capitalization of $1.01 million, a P/E ratio of 0.00 and a beta of 1.88.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in SBNY. Harbour Investments Inc. grew its holdings in shares of Signature Bank by 42.7% in the fourth quarter. Harbour Investments Inc. now owns 836 shares of the company’s stock worth $96,000 after purchasing an additional 250 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Signature Bank by 197.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 363 shares of the company’s stock worth $107,000 after buying an additional 241 shares during the last quarter. Syntax Advisors LLC purchased a new stake in shares of Signature Bank during the 4th quarter valued at about $200,000. Meeder Asset Management Inc. increased its position in shares of Signature Bank by 864.3% during the 4th quarter. Meeder Asset Management Inc. now owns 1,755 shares of the company’s stock valued at $202,000 after purchasing an additional 1,573 shares during the last quarter. Finally, Beacon Pointe Advisors LLC bought a new position in shares of Signature Bank during the 1st quarter valued at approximately $205,000. 6.02% of the stock is owned by hedge funds and other institutional investors.
Signature Bank Company Profile
As of March 12, 2023, Signature Bank went out of business. Previously, the company provided digital assets banking services and comprised of certain loan portfolios. The company was incorporated in 2000 and is based in New York, New York. Signature Bank now trades on OTCPK.
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