EPS for Signature Bank (SBNY) Expected At $2.81

June 14, 2018 - By Gloria Calhoun

Analysts expect Signature Bank (NASDAQ:SBNY) to report $2.81 EPS on July, 18.They anticipate $0.60 EPS change or 27.15 % from last quarter’s $2.21 EPS. SBNY’s profit would be $150.84 million giving it 11.22 P/E if the $2.81 EPS is correct. After having $2.69 EPS previously, Signature Bank’s analysts see 4.46 % EPS growth. The stock decreased 0.17% or $0.21 during the last trading session, reaching $126.06. About 672,706 shares traded or 44.29% up from the average. Signature Bank (NASDAQ:SBNY) has declined 9.96% since June 15, 2017 and is downtrending. It has underperformed by 22.53% the S&P500.

Signature Bank (NASDAQ:SBNY) Ratings Coverage

Among 12 analysts covering Signature Bank (NASDAQ:SBNY), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Signature Bank had 21 analyst reports since December 18, 2017 according to SRatingsIntel. Wells Fargo maintained the stock with “Hold” rating in Tuesday, January 9 report. The firm has “Hold” rating given on Wednesday, January 31 by Hovde Group. The rating was maintained by Maxim Group on Thursday, April 19 with “Buy”. The rating was maintained by Barclays Capital on Tuesday, January 2 with “Buy”. The stock of Signature Bank (NASDAQ:SBNY) earned “Buy” rating by Jefferies on Friday, January 19. Maxim Group maintained Signature Bank (NASDAQ:SBNY) rating on Friday, January 19. Maxim Group has “Buy” rating and $200.0 target. As per Friday, April 20, the company rating was maintained by Piper Jaffray. On Thursday, January 18 the stock rating was maintained by Stephens with “Buy”. The firm earned “Buy” rating on Monday, December 18 by BMO Capital Markets. On Friday, April 20 the stock rating was upgraded by Wells Fargo to “Outperform”.

Signature Bank provides various business and personal banking services and products. The company has market cap of $6.77 billion. It accepts various deposit products, including commercial checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, interest-bearing and non-interest-bearing checking accounts, certificates of deposit, time deposits, and other cash management products. It has a 23.89 P/E ratio. The firm also offers loan products comprising commercial and industrial loans; real estate loans, such as loans secured by commercial and residential properties, and construction and land loans; temporary financing for commercial and residential properties; letters of credit; and personal lines of credit and loans to acquire personal assets, as well as asset lending, mortgages, home equity loans, and credit card accounts.

More news for Signature Bank (NASDAQ:SBNY) were recently published by: 247Wallst.com, which released: “Top Analyst Upgrades and Downgrades: Applied Materials, Comcast, HUYA, Sprint, Time Warner, Yelp and More” on June 13, 2018. Benzinga.com‘s article titled: “Benzinga’s Top Upgrades, Downgrades For June 13, 2018” and published on June 13, 2018 is yet another important article.

Signature Bank (NASDAQ:SBNY) Ratings Chart

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