EPS for Signature Bank (SBNY) Expected At $2.81

June 13, 2018 - By Rudy Corcoran

Analysts expect Signature Bank (NASDAQ:SBNY) to report $2.81 EPS on July, 18.They anticipate $0.60 EPS change or 27.15 % from last quarter’s $2.21 EPS. SBNY’s profit would be $150.86 million giving it 11.23 P/E if the $2.81 EPS is correct. After having $2.69 EPS previously, Signature Bank’s analysts see 4.46 % EPS growth. The stock increased 0.40% or $0.5 during the last trading session, reaching $126.27. About 1.20 million shares traded or 162.16% up from the average. Signature Bank (NASDAQ:SBNY) has declined 9.96% since June 14, 2017 and is downtrending. It has underperformed by 22.53% the S&P500.

Signature Bank (NASDAQ:SBNY) Ratings Coverage

Among 11 analysts covering Signature Bank (NASDAQ:SBNY), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Signature Bank had 20 analyst reports since December 18, 2017 according to SRatingsIntel. As per Thursday, December 21, the company rating was maintained by Keefe Bruyette & Woods. The firm has “Buy” rating by Jefferies given on Thursday, April 19. Barclays Capital maintained it with “Buy” rating and $151.0 target in Tuesday, January 2 report. Stephens maintained it with “Buy” rating and $165.0 target in Thursday, January 18 report. Maxim Group maintained it with “Buy” rating and $20000 target in Thursday, April 19 report. The firm has “Hold” rating given on Thursday, January 18 by Piper Jaffray. Jefferies maintained the shares of SBNY in report on Friday, January 19 with “Buy” rating. The firm has “Equal-Weight” rating given on Tuesday, April 24 by Morgan Stanley. The firm has “Hold” rating by Wells Fargo given on Tuesday, January 9. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Monday, February 26.

Signature Bank provides various business and personal banking services and products. The company has market cap of $6.78 billion. 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. It has a 23.93 P/E ratio. The firm also offers loan products comprising commercial and industrial loans; real estate loans, such as loans secured by commercial and residential properties, and construction and land loans; temporary financing for commercial and residential properties; letters of credit; and personal lines of credit and loans to acquire personal assets, as well as asset lending, mortgages, home equity loans, and credit card accounts.

More news for Signature Bank (NASDAQ:SBNY) were recently published by: Benzinga.com, which released: “Benzinga’s Top Upgrades, Downgrades For June 13, 2018” on June 13, 2018. 247Wallst.com‘s article titled: “Top Analyst Upgrades and Downgrades: Applied Materials, Comcast, HUYA, Sprint, Time Warner, Yelp and More” and published on June 13, 2018 is yet another important article.

Signature Bank (NASDAQ:SBNY) Ratings Chart

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