Signature Bank (SBNY)

Mar 12, 2023 - Signature Bank was shut down by the New York Department of Financial Services
-20.76 (-22.87%)
Last trade price
Market Cap 4.41B
Revenue (ttm) 2.70B
Net Income (ttm) 1.34B
Shares Out 62.97M
EPS (ttm) 16.13
PE Ratio 4.34
Forward PE 6.55
Dividend $2.38 (3.40%)
Ex-Dividend Date Jan 26, 2023
Volume n/a
Open 75.03
Previous Close 90.76
Day's Range 61.37 - 90.67
52-Week Range 61.37 - 319.93
Beta 1.66
Analysts Strong Buy
Price Target 237.19 (+121.49%)
Earnings Date Apr 18, 2023

About SBNY

Signature Bank provides commercial banking products and services. It accepts various deposit products, including checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, certificates of deposit, and other cash management products. The company provides various lending products comprising commercial and industrial loans, real estate loans, and letters of credit. In addition, it offers asset management and investment products; and retirement products, such as individual retirement accounts and administrative ... [Read more]

Sector Financials
IPO Date Mar 23, 2004
Employees 2,243
Stock Exchange NASDAQ
Ticker Symbol SBNY
Full Company Profile

Financial Performance

In 2022, Signature Bank's revenue was $2.70 billion, an increase of 34.72% compared to the previous year's $2.00 billion. Earnings were $1.34 billion, an increase of 45.58%.

Financial Statements

Analyst Forecast

According to 19 analysts, the average rating for SBNY stock is "Strong Buy." The 12-month stock price forecast is $237.19, which is an increase of 121.49% from the latest price.

Price Target
(121.49% upside)
Analyst Consensus: Strong Buy


FDIC launches sale of $18.5 bln of Signature Bank loans - Bloomberg News

The U.S. Federal Deposit Insurance Corporation (FDIC) set in motion the sale of an $18.5 billion loan portfolio from Signature Bank this week, a set of loans linked to major private equity and investi...

2 months ago - Reuters

New York Community Bancorp profit up 148% with boost from Signature Bank acquisition, as stock rises

New York Community Bancorp Inc. NYCB, +2.31% stock was up 5.9% in premarket trades on Thursday after the lender's profit rose by 150% and beat analyst estimates with the addition of its acquisition of...

Other symbols: NYCB
2 months ago - Market Watch

A Tale of 2 Banking Crises

In this analysis, I explore the key differences between the 2008 and the 2023 banking crisis, examining their causes, impacts and responses. While the 2008 crisis was a global meltdown that required m...

Other symbols: AIGFRCB
2 months ago - GuruFocus

Senators aim to claw back pay from failed banks' CEOs, but deal with competing bills

There could be further progress Wednesday in the bipartisan push to take back pay from executives at failed banks, as the Senate Banking Committee is slated to consider a bill that would permit regula...

Other symbols: KBE
3 months ago - Market Watch

Customer Bancorp buys a Signature Bank loan portfolio from the FDIC

Customers Bancorp CUBI, +6.36% stock is up 0.5% in premarket trades Friday after the firm said it acquired a $631 million venture banking loan portfolio from the FDIC at approximately 85% of book valu...

Other symbols: CUBI
3 months ago - Market Watch

Sen. Elizabeth Warren's (D-MA) biggest takeaways from SVB, Signature Bank executives' testimonies

Yahoo Finance's Jennifer Schonberger breaks down Senator Elizabeth Warren's (D-MA) sentiments regarding the testimonies of Silicon Valley Bank and Signature Bank executives and her calls for further i...

4 months ago - Yahoo Finance

SVB and Signature Bank executives should be exposed for mismanagement: Sen. Reed (D-RI)

Senator Jack Reed (D-RI) discusses the ongoing banking crisis in wake of the collapses of SVB and Signature Bank and breaks down the potential for legislative action to be taken against mismanagement ...

4 months ago - Yahoo Finance

SVB and Signature bank executives testify before Senate on recent bank failures

American Banker Washington Bureau Chief John Heltman joins Yahoo Finance Live to discuss the ongoing testimony of SVB and Signature Bank executives at the U.S. Senate hearings.

4 months ago - Yahoo Finance

Former SVB, Signature Bank Leaders to Face Senate Panel

The Banking Committee Chairman said the banks ignored warnings from federal and state officials in the face of glaring risks from customer and industry concentration.

4 months ago - WSJ

Why America needs regional banks

To some, the question of where to keep your money safe might seem obvious — go with one of the big guys, the banks that have been deemed "too big to fail." Their ATMs and branches are ubiquitous, thei...

Other symbols: SIVB
4 months ago - CNN Business

SVB and Signature Bank execs set to testify before the Senate this week

Despite the looming debt ceiling crisis that has taken center stage in Washington in recent weeks, lawmakers haven't forgotten about the other financial crisis this year: the March bank failures that ...

Other symbols: SIVB
4 months ago - CNN Business

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Signature Bank (SBNY)

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming May 15, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors ...

4 months ago - Business Wire

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Signature Bank of Class Action Lawsuit and Upcoming Deadline - SBNY; SBNYP

NEW YORK , May 10, 2023 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Signature Bank ("Signature Bank" or the "Bank") (NASDAQ: SBNY; SBNYP), and certain of...

4 months ago - PRNewsWire

SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Signature Bank of a Class Action Lawsuit and a Lead Plaintiff Deadline of May 15, 2023 - (OTC PINK: SBNY)

NEW YORK , May 10, 2023 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Signature Bank. Shareholders who purchased shares of SBNY during the class period listed are e...

4 months ago - PRNewsWire

SBNY Investors Have Opportunity to Lead Signature Bank Securities Fraud Lawsuit

BENSALEM, Pa. , May 9, 2023 /PRNewswire/ -- Law Offices of Howard G.

4 months ago - PRNewsWire

SBNY ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of May 15, 2023 in the Class Action Filed on Behalf of Signature Bank Shareholders

NEW YORK , May 9, 2023 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Signature Bank (OTC PINK: SBNY) alleging that the Company ...

4 months ago - PRNewsWire

CLASS ACTION ALERT: The Law Offices of Vincent Wong Remind Signature Investors of a Lead Plaintiff Deadline of May 15, 2023

NEW YORK , May 8, 2023 /PRNewswire/ -- Attention Signature Bank ("Signature") (OTC PINK: SBNY) shareholders: The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behal...

4 months ago - PRNewsWire

SBNY LAWSUIT ALERT: Levi & Korsinsky Notifies Signature Bank Investors of a Class Action Lawsuit and Upcoming Deadline

NEW YORK , May 4, 2023 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Signature Bank ("Signature" or the "Company") (OTC PINK: SBNY) of a class action securities lawsuit. CLASS DEFINITION...

5 months ago - PRNewsWire

Former top execs of SVB and Signature Bank will testify at Senate hearing this month

The hearing will mark the first time the ex-SVB and Signature officials speak in public about the bank failures that regulators feared could set off a crisis.

5 months ago - CNBC

First Eagle 1Q23 Market Overview: My Ever-Changing Moods

Market sentiment has fluctuated wildly in recent months as participants try to discern the path of central bank policy.

Other symbols: UBS
5 months ago - GuruFocus

SVB Financial Group, Signature Bank, Virgin Orbit to be delisted from Nasdaq

SVB Financial Group, the onetime parent of Silicon Valley Bank, and Signature Bank will be delisted from the Nasdaq, the Nasdaq Stock Market announced on Friday, following the failure of both banks an...

Other symbols: SIVB
5 months ago - Market Watch

FDIC attributes Signature Bank's failure to pursuit of 'rapid, unrestrained growth'

CNBC's Leslie Picker joins 'The Exchange' to discuss the FDIC post-mortem on Signature Bank, the issues behind Signature Bank's risk management, and concerns around regulatory supervision of crypto as...

5 months ago - CNBC Television

Signature Bank failed because of 'poor management,' FDIC report finds

The collapse of Signature Bank was due to "poor management," according to a report from the Federal Deposit Insurance Corporation released Friday.

5 months ago - CNN Business

Signature Bank's ‘reliance on crypto industry' helped lead to its failure, FDIC says

Signature Bank pursued ‘rapid, unrestrained growth' in part by courting deposits from the volatile crypto industry, and its association with digital asset firms was a major factor in its failure, the ...

5 months ago - Market Watch

Signature Bank failure due to 'poor management,' US FDIC report says

Last month's failure of New York-based Signature Bank was caused by "poor management" and a pursuit of "rapid, unrestrained growth" with little regard for risk management, the Federal Deposit Insuranc...

5 months ago - Reuters