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Barclays disclosed Signature Bank (NASDAQ:SBNY), lowering its target price to $139.00 earlier today

Yesterday Signature Bank (NASDAQ:SBNY) traded 0.99% higher at $115.96. Signature Bank’s 50-day average is $117.96 and its two hundred day average is $128.36. The last stock price is down -9.66% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Volume of trade was down over the average, with 434,721 shares of SBNY changing hands under the typical 462,831

Stating a potential upside of 0.20%, Barclays reduced the target price of Signature Bank (NASDAQ:SBNY) to $139.00

See Chart Below

Signature Bank (NASDAQ:SBNY)

Signature Bank has a one year low of $114.01 and a one year high of $163.15 with a PE ratio of 15.01 Signature Bank’s market capitalization is presently $0.

A total of 17 analysts have released a report on Signature Bank. Four analysts rating the company a strong buy, 10 brokers rating the stock a buy, 4 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $161.41.

About Signature Bank (NASDAQ:SBNY)

Signature Bank (the Bank) is a full-service commercial bank. The Bank operates over 30 private client offices throughout the New York metropolitan area, including those in Manhattan, Brooklyn, Westchester, Long Island, Queens, the Bronx, Staten Island and Connecticut. The Bank offers a range of business and personal banking products and services. Its specialty finance subsidiary, Signature Financial LLC (Signature Financial), provides equipment finance and leasing. Signature Securities Group Corporation (Signature Securities), a Bank subsidiary, is a licensed broker-dealer, investment advisor and member financial industry regulatory authority/securities investor protection corporation (FINRA/SIPC), offering investment, brokerage, asset management and insurance products and services. The Bank's deposits total over $26.77 billion. Its loans and non-accrual loans total over $23.79 billion and over $71.9 million respectively.

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