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SBNY $70

SBNY target price
70.00
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Signature Bank
Type
Public company
Traded as NASDAQ: SBNY
S&P 400 Component
Industry Banking, Financial Services
Founded 2001; 16 years ago (2001)
Headquarters New York, NY, United States
Key people
Scott Shay (Chairman)
Joseph J. DePaolo, (President, CEO)
John Tamberlane (Vice Chairman and Director)
Revenue IncreaseUS$373 million (2015)
Website signatureny.com

Signature Bank is an American, full-service commercial bank, based in New York City. The bank serves clients throughout the New York metropolitan area, Westchester, Long Island and Connecticut.

Signature Bank offers business and personal banking products and services. Its specialty finance subsidiary, Signature Financial, provides equipment finance and leasing. Signature Securities Group Corporation, a wholly owned bank subsidiary, is a licensed broker-dealer, investment adviser and member of FINRA and SIPC, offering investment, brokerage, asset management and insurance products and services.

Signature Bank has been called “NY’s most successful bank” by Crain’s New York Business and was ranked as The Best Business Bank by the readers of The New York Law Journal in the publication’s 2016 survey for the third consecutive year. In the survey, Signature Bank also ranked as one of The Best Attorney Escrow Services Providers and was awarded second place in The Best Private Bank category.

In 2015, Forbes ranked Signature Bank as #1 in its America’s Best & Worst Banks evaluation. Forbes’ 2016 ranking of Signature Bank as #6 marked the sixth consecutive year that the bank was among the Forbes top ten. Additionally, Forbes has rated Signature Bank as one of America’s Fifty Most Trustworthy Financial Companies.

Prominent figures at the bank include former US Congressman Barney Frank, who sits on the board of directors.

In early 2016, some investors filed suit against Signature after the company lost $66 million of investor cash in a ponzi scheme run by William Landberg, a money manager who pleaded guilty to the crime. Investors allege that Signature helped Landberg by ordering him to shift money around dozens of accounts to cover up long-term overdrafts. Landberg was sentenced to three and a half years in federal prison. A spokeswoman for Signature said the bank “vigorously denies” any accusations of wrongdoing, saying it was also a victim in the fraud and did not benefit from Mr. Landberg’s actions.


Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-17 Future report Set alerts
Q2 2022 2022-07-19 5.26 5.26
Q1 2022 2022-04-19 4.63 4.63
Q4 2021 2022-01-18 4.34 4.34
Q3 2021 2021-10-19 3.88 3.88
Q2 2021 2021-07-20 3.57 3.57
Q1 2021 2021-04-21 3.24 3.24
Q3 2020 2020-10-15 0.00 0.00
Q2 2020 2020-07-21 2.21 2.21
Q1 2020 2020-04-23 1.88 1.88

Ratings

2016-07-09 Reiterated Rating JPMorgan Chase & Co. Buy
2016-07-07 Reiterated Rating Jefferies Group Buy $155.00
2016-07-07 Lower Price Target JPMorgan Chase & Co. Overweight $164.00 to $146.00
2016-06-29 Reiterated Rating Morgan Stanley Overweight
2016-06-21 Upgrade Raymond James Outperform to Strong-Buy $162.00
2016-06-21 Upgrade Raymond James Financial Inc. Outperform to Strong-Buy $162.00
2016-05-31 Downgrade Piper Jaffray Overweight to Neutral $151.00 to $146.00
2016-05-31 Downgrade Piper Jaffray Cos. Overweight to Neutral $151.00 to $146.00
2016-04-21 Reiterated Rating Deutsche Bank Buy $170.00
2016-04-21 Reiterated Rating Deutsche Bank AG Buy $170.00
2016-04-04 Reiterated Rating Morgan Stanley Overweight $163.00
2016-04-01 Boost Price Target Barclays $154.00 to $158.00
2016-04-01 Initiated Coverage Merion Capital Group Outperform $162.00
2016-04-01 Boost Price Target Barclays PLC $154.00 to $158.00
2016-03-29 Reiterated Rating Deutsche Bank Buy $170.00
2016-03-28 Boost Price Target Sandler O'Neill Hold $136.00
2016-03-28 Boost Price Target Jefferies Group Buy $118.00 to $144.00
2016-03-28 Boost Price Target Credit Suisse Outperform $113.00 to $145.00
2016-03-28 Boost Price Target Credit Suisse Group AG Outperform $113.00 to $145.00
2016-03-20 Reiterated Rating Deutsche Bank Buy $170.00
2016-02-24 Reiterated Rating Deutsche Bank Buy $168.00 to $170.00
2016-02-08 Reiterated Rating Deutsche Bank Buy
2016-02-04 Lower Price Target Guggenheim $175.00 to $170.00
2016-01-24 Reiterated Rating FBR & Co. Buy $167.00
2016-01-24 Reiterated Rating FBR & Co Buy $167.00
2015-12-17 Downgrade Raymond James Strong-Buy to Outperform $170.00
2015-12-10 Boost Price Target SunTrust Buy $168.00 to $176.00
2015-12-10 Boost Price Target SunTrust Banks Inc. Buy $168.00 to $176.00
2015-11-01 Reiterated Rating Deutsche Bank Buy $168.00
2015-10-29 Boost Price Target Morgan Stanley $156.00 to $160.00
2015-10-21 Reiterated Rating Keefe, Bruyette & Woods Buy $175.00
2015-10-21 Reiterated Rating Jefferies Group Buy $161.00 to $168.00
2015-10-21 Boost Price Target Barclays Equal Weight $151.00 to $154.00
2015-10-09 Lower Price Target Barclays Equal Weight $158.00 to $151.00
2015-10-06 Lower Price Target Jefferies Group Buy $168.00 to $161.00
2015-09-30 Initiated Coverage RBC Capital Outperform $168.00
2015-09-30 Initiated Coverage Royal Bank Of Canada Outperform $168.00
2015-09-10 Reiterated Rating Deutsche Bank Buy $165.00
2015-08-26 Lower Price Target BMO Capital Markets Outperform $160.00 to $159.00
2015-07-23 Reiterated Rating Keefe, Bruyette & Woods Buy
2015-07-22 Reiterated Rating Deutsche Bank Buy $165.00
2015-07-22 Boost Price Target Keefe, Bruyette & Woods Outperform $165.00 to $170.00
2015-07-22 Upgrade Raymond James Outperform to Strong-Buy $150.00 to $168.00
2015-07-22 Boost Price Target Maxim Group Buy $155.00 to $175.00
2015-07-22 Initiated Coverage FBR & Co. Outperform $160.00 to $167.00
2015-07-09 Initiated Coverage Piper Jaffray Overweight $167.00
2015-07-02 Boost Price Target Jefferies Group $153.00 to $167.00
2015-06-30 Boost Price Target Deutsche Bank Buy $154.00 to $165.00
2015-06-29 Boost Price Target SunTrust $155.00 to $171.00
2015-06-18 Boost Price Target Guggenheim Buy $155.00 to $165.00
2015-06-16 Boost Price Target Barclays Equal Weight $149.00 to $158.00
2015-05-14 Reiterated Rating Guggenheim Buy $150.00 to $155.00
2015-05-09 Reiterated Rating Keefe, Bruyette & Woods Outperform
2015-05-04 Reiterated Rating Evercore ISI Hold $123.00 to $140.00
2015-04-22 Boost Price Target Keefe, Bruyette & Woods Outperform $145.00 to $150.00
2015-04-22 Reiterated Rating Jefferies Group Buy $150.00 to $153.00
2015-04-22 Reiterated Rating Deutsche Bank Buy $151.00 to $154.00
2015-04-22 Boost Price Target Barclays Equal Weight $137.00 to $149.00
2015-04-22 Boost Price Target FBR & Co. Outperform $140.00 to $150.00
2015-04-21 Reiterated Rating Boenning Scattergood Outperform $138.00 to $142.00
2015-04-12 Reiterated Rating Deutsche Bank Buy $151.00
2015-03-17 Initiated Coverage Raymond James Outperform $148.00
2015-01-23 Boost Price Target JPMorgan Chase & Co. Overweight $148.00 to $150.00
2015-01-23 Boost Price Target Maxim Group Buy $140.00 to $145.00
2014-12-18 Boost Price Target Boenning Scattergood Outperform $125.00 to $138.00
2014-10-21 Upgrade Boenning & Scattergood Neutral to Outperform $125
2014-10-21 Upgrade Boenning Scattergood Neutral to Outperform $125.00
2014-09-23 Initiated Coverage Wells Fargo & Co. Market Perform
2014-09-23 Initiated Coverage Wells Fargo Market Perform
2014-09-05 Lower Price Target Jefferies Group $142.00 to $141.00
2014-08-01 Upgrade Deutsche Bank Outperform to Strong-Buy $136.00
2014-08-01 Upgrade Raymond James Outperform to Strong-Buy $136.00
2014-07-23 Boost Price Target Keefe, Bruyette & Woods $142.00 to $145.00
2014-07-23 Reiterated Rating Maxim Group Top Pick to Buy $140.00
2014-07-14 Upgrade Sterne Agee CRT Neutral to Buy $144.00
2014-07-09 Boost Price Target Keefe, Bruyette & Woods Outperform $136.00 to $142.00
2014-05-29 Reiterated Rating Deutsche Bank Buy $138.00
2014-04-23 Reiterated Rating Deutsche Bank Buy $138.00 to $135.00
2014-04-23 Boost Price Target Barclays Equal Weight $125.00 to $137.00
2014-04-08 Boost Price Target BMO Capital Markets $130.00 to $142.00
2014-04-07 Reiterated FBR Capital Outperform $135 to $140
2014-04-07 Boost Price Target Macquarie $135.00 to $143.00
2014-04-07 Boost Price Target FBR & Co. Outperform $135.00 to $140.00
2014-03-31 Initiated Coverage SunTrust Buy $142.00
2014-03-20 Downgrade Oppenheimer Outperform to Market Perform $133.00
2014-03-19 Boost Price Target Morgan Stanley Overweight $130.00 to $133.00
2014-02-28 Initiated Coverage Goldman Sachs Buy
2014-01-22 Boost Price Target Maxim Group Buy $125.00 to $140.00
2014-01-21 Upgrade Guggenheim Neutral to Buy
2014-01-21 Upgrade Keefe, Bruyette & Woods Market Perform to Outperform
2014-01-14 Boost Price Target Guggenheim Neutral $109.00 to $115.00
2014-01-08 Boost Price Target Deutsche Bank Buy $109.00 to $120.00
2014-01-06 Boost Price Target Barclays Equal Weight $106.00 to $115.00
2013-12-04 Downgrade Guggenheim Buy to Neutral $109.00 to $112.00
2013-11-27 Downgrade Sterne Agee CRT Buy to Neutral $109.00
2013-11-19 Boost Price Target Maxim Group Buy $120.00 to $125.00
2013-10-23 Boost Price Target Raymond James Outperform $101.00 to $110.00
2013-10-23 Boost Price Target Keefe, Bruyette & Woods Market Perform $93.00 to $98.00
2013-10-23 Boost Price Target Jefferies Group Buy $104.00 to $117.00
2013-10-23 Boost Price Target BMO Capital Markets Outperform $102.00 to $107.00
2013-10-23 Boost Price Target Deutsche Bank Buy $100.00 to $109.00
2013-10-23 Boost Price Target Barclays Equal Weight $94.00 to $106.00
2013-07-09 Upgrade Oppenheimer Underperform to Perform
2013-06-25 Reiterated FBR Capital Outperform $84 to $92
2013-05-23 Initiated Maxim Group Buy $90
2012-04-04 Reiterated FBR Capital Outperform $70 to $75
2011-06-14 Initiated Morgan Keegan Mkt Perform $56
2011-04-27 Reiterated FBR Capital Outperform $60 to $65
2011-03-11 Downgrade Boenning & Scattergood Outperform to Neutral
2016-07-09 Reiterated Rating JPMorgan Chase & Co. Buy
2016-07-07 Reiterated Rating Jefferies Group Buy $155.00
2016-07-07 Lower Price Target JPMorgan Chase & Co. Overweight $164.00 to $146.00
2016-06-29 Reiterated Rating Morgan Stanley Overweight
2016-06-21 Upgrade Raymond James Outperform to Strong-Buy $162.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks