Signature Bank (NASDAQ:SBNY) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Monetary Companies Co. MA trimmed its holdings in shares of Signature Financial institution (NASDAQ:SBNY) by 19.eight% throughout the third quarter, in response to its most up-to-date Kind 13F submitting with the SEC. The agency owned 1,177,553 shares of the financial institution’s inventory after promoting 291,316 shares throughout the interval. Massachusetts Monetary Companies Co. MA owned 2.15% of Signature Financial institution value $140,388,000 as of its most up-to-date SEC submitting.

A number of different massive buyers have additionally modified their holdings of SBNY. LS Funding Advisors LLC grew its place in shares of Signature Financial institution by 2.three% throughout the third quarter. LS Funding Advisors LLC now owns three,752 shares of the financial institution’s inventory value $447,000 after buying a further 86 shares over the last quarter. Victory Capital Administration Inc. grew its place in shares of Signature Financial institution by zero.four% throughout the second quarter. Victory Capital Administration Inc. now owns 24,639 shares of the financial institution’s inventory value $2,977,000 after buying a further 93 shares over the last quarter. Skandinaviska Enskilda Banken AB publ grew its place in shares of Signature Financial institution by 1.three% throughout the second quarter. Skandinaviska Enskilda Banken AB publ now owns eight,zero11 shares of the financial institution’s inventory value $968,000 after buying a further 100 shares over the last quarter. Municipal Staff Retirement System of Michigan grew its place in shares of Signature Financial institution by 1.1% throughout the second quarter. Municipal Staff Retirement System of Michigan now owns 10,190 shares of the financial institution’s inventory value $1,231,000 after buying a further 110 shares over the last quarter. Lastly, Whittier Belief Co. grew its place in shares of Signature Financial institution by 1.1% throughout the third quarter. Whittier Belief Co. now owns 10,377 shares of the financial institution’s inventory value $1,237,000 after buying a further 113 shares over the last quarter. 92.18% of the inventory is presently owned by institutional buyers.

A number of equities analysts have not too long ago commented on the inventory. BidaskClub upgraded shares of Signature Financial institution from a “promote” ranking to a “maintain” ranking in a analysis report on Saturday, September 14th. JPMorgan Chase & Co. set a $138.00 value goal on shares of Signature Financial institution and gave the inventory a “purchase” ranking in a analysis report on Friday, September sixth. ValuEngine lowered shares of Signature Financial institution from a “promote” ranking to a “sturdy promote” ranking in a analysis report on Sunday, November third. Wells Fargo & Co lowered their value goal on shares of Signature Financial institution from $150.00 to $140.00 and set an “outperform” ranking for the corporate in a analysis report on Wednesday, October 2nd. Lastly, Morgan Stanley lowered their value goal on shares of Signature Financial institution from $145.00 to $143.00 and set an “obese” ranking for the corporate in a analysis report on Tuesday, October 22nd. One funding analyst has rated the inventory with a promote ranking, 5 have given a maintain ranking, 5 have given a purchase ranking and one has issued a powerful purchase ranking to the inventory. Signature Financial institution presently has a consensus ranking of “Purchase” and a consensus goal value of $137.00.

SBNY traded up $zero.65 on Thursday, reaching $124.84. The corporate had a buying and selling quantity of 984 shares, in comparison with its common quantity of 371,320. The corporate has a fifty day transferring common of $120.76 and a 200-day transferring common of $121.00. The corporate has a market capitalization of $6.85 billion, a P/E ratio of 11.07, a PEG ratio of 1.07 and a beta of 1.35. The corporate has a present ratio of zero.98, a fast ratio of zero.98 and a debt-to-equity ratio of 1.05. Signature Financial institution has a one yr low of $98.54 and a one yr excessive of $137.93.

Signature Financial institution (NASDAQ:SBNY) final introduced its earnings outcomes on Thursday, October 17th. The financial institution reported $2.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.70 by $zero.05. The agency had income of $334.00 million throughout the quarter, in comparison with analyst estimates of $339.14 million. Signature Financial institution had a internet margin of 31.37% and a return on fairness of 13.09%. Throughout the identical quarter within the prior yr, the agency posted $2.84 EPS. Analysis analysts predict that Signature Financial institution will put up 10.82 EPS for the present yr.

The enterprise additionally not too long ago introduced a quarterly dividend, which shall be paid on Friday, November 15th. Buyers of document on Friday, November 1st shall be given a $zero.56 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.24 dividend on an annualized foundation and a yield of 1.79%. Signature Financial institution’s dividend payout ratio is presently 19.86%.

About Signature Financial institution

Signature Financial institution offers numerous enterprise and private banking services. It accepts numerous deposit merchandise, together with industrial checking accounts, cash market accounts, escrow deposit accounts, money focus accounts, interest-bearing and non-interest-bearing checking accounts, certificates of deposit, time deposits, and different money administration merchandise.

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