A Closer Look At Signature Bank (SBNYP)’s Financials

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As of Wednesday close, Signature Bank’s (NASDAQ:SBNYP) stock was up $0.49, moving up 2.83 percent to $17.79. The average number of shares traded per day over the past five days has been 71,360 shares. 4 times new highs have been achieved over the past 5 days, with a $0.54 gain in that time frame. In the last twenty days, the average volume was 60,890, while in the previous 50 days, it was 71,412.

Since last month, SBNYP stock rose 1.48%. Shares of the company fell to $16.58 on 11/09/22, the lowest level in the past month. A 52-week high of $26.18 was reached on 01/03/22 after having rallying from a 52-week low of $16.50. Since the beginning of this year, SBNYP’s stock price has dropped by -32.05% or -$8.39, and marked a new high 1 time. However, the stock has declined by -32.05% since its 52-week high.


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Valuation Metrics

Right now, Signature Bank (SBNYP) has a P/E ratio of about 1.04. Besides these, the trailing price-to-sales (P/S) ratio of 3.40, the price-to-book (PB) ratio of 0.14.

Technical Picture

This quick technical analysis looks at Signature Bank’s (SBNYP) price momentum. With a historical volatility rate of 30.66%, the RSI 9-day stood at 60.87% on 23 November.

With respect to its five-day moving average, the current Signature Bank price is up by +3.13% percent or $0.54. At present, SBNYP shares trade +1.25% above its 20-day simple moving average and -3.68% percent below its 100-day simple moving average. However, the stock is currently trading approximately -8.06% below its SMA50 and -25.81% below its SMA200.

Stochastic coefficient K was 47.88% and Stochastic coefficient D was 32.76%, while ATR was 0.58. Given the Stochastic reading of 76.23% for the 14-day period, the RSI (14) reading has been calculated as 56.59%. As of today, the MACD Oscillator reading stands at 0.06, while the 14-day reading stands at 0.13.

Analyst Ratings

Signature Bank (SBNYP) has been rated Buy by analysts. According to 0 brokerage firms, SBNYP is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Signature Bank stock as buy, with 16 recommending it as overweight.

With a median target price of $200.00, the current consensus forecast for the stock is $155.00 – $350.00. Based on these forecasts, analysts predict Signature Bank (SBNYP) will achieve an average price target of $208.29.

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