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Signature Bank (NASDAQ:SBNY) target price lowered to $139.00, reported today by Barclays PLC

Yesterday Signature Bank (NASDAQ:SBNY) traded 1.01% higher at $115.96. The company’s 50-day moving average is $117.91 and its 200-day moving average is $128.05. The last stock close price is down -7.50% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 537,207 shares of the stock were exchanged, up from an average trading volume of 461,278

Signature Bank (NASDAQ:SBNY) had its target price lowered to $139.00 by Barclays PLC in a report released 9/28/2016. The new target price indicates a possible upside of 0.20% based on the company's last stock close price.

See Chart Below

Signature Bank (NASDAQ:SBNY)

Signature Bank has a 52 week low of $114.01 and a 52 week high of $163.15 with a P/E ratio of 15.33 The company’s market cap is currently $0.

In addition to Barclays PLC reporting its target price, a total of 17 firms have reported on the stock. The consensus target price is $161.41 with 4 firms rating the stock a strong buy, 10 firms rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

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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