1,425 Shares in Signature Bank (SBNY) Purchased by Calton & Associates Inc.

Calton & Associates Inc. acquired a new position in shares of Signature Bank (NASDAQ:SBNY) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,425 shares of the bank’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp boosted its position in Signature Bank by 0.4% during the 2nd quarter. State Street Corp now owns 2,624,668 shares of the bank’s stock worth $376,718,000 after acquiring an additional 9,285 shares during the period. Harding Loevner LP raised its stake in shares of Signature Bank by 138.0% during the 3rd quarter. Harding Loevner LP now owns 1,802,550 shares of the bank’s stock worth $94,865,000 after purchasing an additional 1,045,206 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Signature Bank by 44.6% during the 3rd quarter. Nordea Investment Management AB now owns 1,419,824 shares of the bank’s stock worth $181,794,000 after purchasing an additional 437,670 shares in the last quarter. Parnassus Investments CA purchased a new stake in shares of Signature Bank during the 3rd quarter worth about $167,732,000. Finally, CI Global Investments Inc. raised its stake in shares of Signature Bank by 176.8% during the 4th quarter. CI Global Investments Inc. now owns 920,249 shares of the bank’s stock worth $126,313,000 after purchasing an additional 587,749 shares in the last quarter. Hedge funds and other institutional investors own 94.36% of the company’s stock.

Shares of Signature Bank (NASDAQ:SBNY) traded up $0.29 during mid-day trading on Friday, hitting $154.79. The company had a trading volume of 326,382 shares, compared to its average volume of 363,177. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.97 and a quick ratio of 0.95. Signature Bank has a 1-year low of $116.68 and a 1-year high of $163.98. The company has a market cap of $8,510.20, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 1.29 and a beta of 1.10.

Signature Bank (NASDAQ:SBNY) last issued its quarterly earnings data on Thursday, January 18th. The bank reported $2.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.23 by $0.20. Signature Bank had a return on equity of 12.72% and a net margin of 25.71%. The business had revenue of $328.27 million for the quarter, compared to the consensus estimate of $321.86 million. During the same period last year, the business earned $2.11 EPS. sell-side analysts predict that Signature Bank will post 11.13 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on SBNY. BMO Capital Markets raised their price target on Signature Bank to $192.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th. Maxim Group raised their price target on Signature Bank from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, January 19th. Stephens reaffirmed a “buy” rating on shares of Signature Bank in a research note on Friday, January 19th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $150.00 price target (up from $137.00) on shares of Signature Bank in a research note on Tuesday, January 9th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $149.00 price target on shares of Signature Bank in a research note on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $158.56.

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About Signature Bank

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.

Institutional Ownership by Quarter for Signature Bank (NASDAQ:SBNY)

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