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Signature Bank (NDAQ:SBNY) target price raised to $140.00, reported today by Piper Jaffray

Boasting a price of $123.98, Signature Bank (NDAQ:SBNY) traded -0.84% lower on the day. With the last stock price close down -9.34% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. Signature Bank has recorded a 50-day average of $125.29 and a two hundred day average of $136.23. Volume of trade was up over the average, with 842,511 shares of SBNY changing hands over the typical 519,897

Signature Bank (NDAQ:SBNY) had its price target upped to $140.00 by Piper Jaffray in a report released Friday October 13, 2017. The new stock price target implies a possible upside of 0.13% based on the company's most recent stock price close.

On 9/20/2017, Wedbush released a statement for Signature Bank (NDAQ:SBNY) bumped up the target price from $0.00 to $126.00 that suggested an upside of 0.06%.

Performance Chart

Signature Bank (NDAQ:SBNY)

With a total market value of $0, Signature Bank has price-earnings ratio of 19.79 with a one year low of $113.53 and a one year high of $164.23 .

A total of 17 equity analysts have released a ratings update on SBNY. Four equity analysts rating the company a strong buy, ten equity analysts rating the company a buy, four equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $161.41.

Brief Synopsis About Signature Bank (NDAQ:SBNY)

Signature Bank is a full-service commercial bank. The Bank operates over 30 private client offices throughout the New York metropolitan area. Its segments include Commercial Banking and Specialty Finance. It 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 services. Signature Securities Group Corporation, a subsidiary of Bank, is a licensed broker-dealer, investment advisor offering investment, brokerage, asset management and insurance products and services. The Commercial Banking segment consists of commercial real estate lending, commercial and industrial lending, and commercial deposit gathering activities. The Specialty Finance segment consists of financing and leasing products, including equipment, transportation, taxi medallion, commercial marine, commercial vehicle, municipal and national franchise financing and/or leasing.

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