Signature Bank (NASDAQ:SBNY) announced a quarterly dividend on Thursday, July 18th, NASDAQ reports. Shareholders of record on Thursday, August 1st will be paid a dividend of 1.12 per share by the bank on Thursday, August 15th. This represents a $4.48 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Wednesday, July 31st.
Shares of SBNY stock opened at $126.64 on Tuesday. Signature Bank has a 1 year low of $98.54 and a 1 year high of $137.93. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.99 and a current ratio of 1.00. The company’s 50 day moving average is $121.84. The stock has a market capitalization of $6.99 billion, a P/E ratio of 11.23, a PEG ratio of 1.08 and a beta of 1.37.
Signature Bank (NASDAQ:SBNY) last issued its quarterly earnings data on Thursday, July 18th. The bank reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.71 by $0.01. Signature Bank had a return on equity of 13.61% and a net margin of 32.59%. The business had revenue of $334.88 million for the quarter, compared to the consensus estimate of $333.25 million. During the same period in the prior year, the business posted $2.83 earnings per share. Equities research analysts expect that Signature Bank will post 10.91 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on SBNY shares. BidaskClub upgraded Xilinx from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. FIG Partners downgraded Signature Bank from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 18th. Morgan Stanley upgraded Dongfeng Motor Group from an “equal weight” rating to an “overweight” rating in a research report on Monday, July 1st. BMO Capital Markets upgraded Tourmaline Oil from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 30th. Finally, ValuEngine upgraded United States Steel from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $144.50.
About Signature Bank
Signature Bank provides various business and personal banking products and services. It accepts various deposit products, including commercial checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, interest-bearing and non-interest-bearing checking accounts, certificates of deposit, time deposits, and other cash management products.
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