What Can We Learn From Signature Bank (SBNY)’s Valuation Ratios?

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Signature Bank (NASDAQ:SBNY) finished Friday with a subtraction of -$0.9 to close at $115.22, a downside of -0.78 percent. An average of 764,280 shares of common stock have been traded in the last five days. There was a fall of -$0.39 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 1,169,805 shares traded, while the 50-day average volume stands at 1,136,544.

SBNY stock has decreased by -17.41% in the last month. The company shares reached their 1-month lowest point of $110.06 on 12/28/22. With the stock rallying to its 52-week high on 01/18/22, shares of the company touched a low of $110.06 and a high of $374.76 in 52 weeks. It has reached a new high 8 times so far this year and lost -64.38% or -$208.25 in price. In spite of this, the price is down -69.25% from the 52-week high.


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Valuation Metrics

Signature Bank (SBNY) has a trailing price-to-earnings (P/E) ratio of 5.63. The stock’s beta is 1.64. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.43, the price-to-book (PB) ratio at 0.94, and the price-to-cash flow ratio at 6.64.

The company has a payout ratio of 10.90%. The company’s most recent quarterly dividend payment was $0.56 a share, without any change from last year. Its latest decrease dividend $0.56 reported on Thursday January 21 2021.

Financial Health

Further, the company has a long term debt to equity ratio of 0.07 and a total debt to equity ratio of 0.07 for the quarter ending September 29. Its gross profit as reported stood at $1.88 billion compared to revenue of $2.19 billion.

Earnings Surprise

The analyst consensus anticipated Signature Bank’s latest quarter earnings to come in at $5.41 per share, but it turned out to be $5.57, a 3.00% surprise. At the end of the quarter ending September 29, Signature Bank’s stock balance sheet showed total debt was $2.99 billion. Shareholders own equity worth $62.93 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 30 December was 41.49%, suggesting the stock is Neutral, with historical volatility in this time frame at 24.92%.

As of today, SBNY’s price is $114.40 -0.34% or -$0.39 from its 5-day moving average. SBNY is currently trading -16.53% lower than its 20-day SMA and -38.39% lower than its 100-day SMA. However, the stock’s current price level is -24.34% below the SMA50 and -64.05% below the SMA200.

The stochastic %K and %D were 23.37% and 19.77%, respectively, and the average true range (ATR) was 4.49. With the 14-day stochastic at 28.15% and the average true range at 5.07, the RSI (14) stands at 39.14%. The stock has reached -0.19 on the 9-day MACD Oscillator while the 14-day reading was at -1.33.

Analyst Ratings

Raymond James downgraded Signature Bank (NASDAQ: SBNY) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as a Strong buy. 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 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 14 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 $132.00 and $250.00, with a median target of $172.50. Taking a look at these predictions, the average price target given by analysts for Signature Bank (SBNY) stock is $171.81.

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