What The Financials Tell Us About Signature Bank (SBNY)

Signature Bank (NASDAQ:SBNY) finished Friday with an addition of $5.75 to close at $315.44, an upside of 1.86 percent. An average of 719,700 shares of common stock have been traded in the last five days. There was a gain of $9.91 in the past week, and it reached a new high 64 times over the past 12 months. The last 20 days have seen an average of 579,420 shares traded, while the 50-day average volume stands at 491,964.

SBNY stock has increased by 20.87% in the last month. The company shares reached their 1-month lowest point of $254.46 on 09/23/21. With the stock rallying to its 52-week high on 10/22/21, shares of the company touched a low of $71.44 and a high of $313.00 in 52 weeks. It has reached a new high 47 times so far this year and achieved 133.16% or $180.15 in price. In spite of this, the price is up 0.78% from the 52-week high.


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Valuation Metrics

Signature Bank (SBNY) has a trailing price-to-earnings (P/E) ratio of 24.90, which compares with the 16.80 for the broader industry and 13.15 for the sector. In the last five years, Signature Bank’s PE ratio has ranged between 26.83 and 6.748. The stock’s beta is 1.96. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 9.43, the price-to-book (PB) ratio at 2.63, and the price-to-cash flow ratio at 20.02.

Signature Bank pays a $2.24 dividend per share annually. It offers a dividend yield of 0.71%. The company has a payout ratio of 17.60%. The company’s most recent quarterly dividend payment was $0.56 a share, without any change from last year. Its dividend has been increased for the last 1 year with the latest decrease dividend $0.56 reported on Thursday January 21 2021.

Further, the company has a long term debt to equity ratio of 0.08 and a total debt to equity ratio of 0.08 for the quarter ending June 29. Its gross profit as reported stood at $1.52 billion compared to revenue of $1.93 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Signature Bank’s return on assets was 0.90%. For the broader industry, ROE averaged 11.10 over the past year.

Earnings Surprise

The analyst consensus anticipated Signature Bank’s latest quarter earnings to come in at $3.14 per share, but it turned out to be $3.57, a 13.70% surprise. At the end of the quarter ending June 29, Signature Bank’s stock balance sheet showed total debt was $3.76 billion. Shareholders own equity worth $60.64 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Signature Bank (SBNY) price momentum. RSI 9-day as of the close on 22 October was 72.60%, suggesting the stock is Overbought, with historical volatility in this time frame at 31.63%.

As of today, SBNY’s price is $308.02 +3.24% or $9.91 from its 5-day moving average. SBNY is currently trading +20.96% higher than its 20-day SMA and +26.98% higher than its 100-day SMA. However, the stock’s current price level is +22.26% above the SMA50 and +116.10% above the SMA200.

The stochastic %K and %D were 92.85% and 84.92%, respectively, and the average true range (ATR) was 9.79. With the 14-day stochastic at 96.05% and the average true range at 9.57, the RSI (14) stands at 70.74%. The stock has reached 7.22 on the 9-day MACD Oscillator while the 14-day reading was at 11.10.

Analyst Ratings

JP Morgan reiterated its an Overweight rating on Signature Bank (NASDAQ: SBNY), but raised their price target to $180, indicating a potential price decrease of -75.24% for the stock. The consensus rating for Signature Bank (SBNY) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SBNY, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 17 others rate it as a “buy”.

What is SBNY’s price target for the next 12 months?

Analysts predict a range of price targets between $276.00 and $405.00, with a median target of $349.00. Taking a look at these predictions, the average price target given by analysts for Signature Bank (SBNY) stock is $349.39.

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