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Home โบ Stocks โบ Signature Bank (SBNY) Stock Forecast & Price Prediction United States | NASDAQ | Financial Services | Banks - Regional
$1.09
-0.01 (-0.91%)Did SBNY Make This Month's Elite Buy List?
We don't follow just any analyst โ only the top 3% with a proven track record make our cut. See if Signature Bank is one of their latest high-conviction picks.
SBNY has shown a year-to-date change of 9.0% and a 1-year change of -9.2%, reflecting downward momentum over the past year. Comprehensive analyst forecasts are currently unavailable for SBNY. Please refer to the price chart above for recent performance and trends.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for SBNY.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Mar 13, 2023 | Wells Fargo | Steven Chercover | Overweight | Downgrade | $N/A |
| Jan 18, 2023 | Morgan Stanley | Manan Gosalia | Equal-Weight | Maintains | $124.00 |
| Jan 18, 2023 | Stephens & Co. | Matt Breese | Equal-Weight | Downgrade | $145.00 |
| Dec 16, 2022 | Morgan Stanley | Manan Gosalia | Equal-Weight | Maintains | $132.00 |
| Dec 15, 2022 | Wells Fargo | Jared Shaw | Overweight | Maintains | $185.00 |
| Dec 13, 2022 | JP Morgan | Steven Alexopoulos | Overweight | Maintains | $135.00 |
| Dec 7, 2022 | Raymond James | David Long | Market Perform | Downgrade | $N/A |
| Dec 5, 2022 | Morgan Stanley | Manan Gosalia | Equal-Weight | Downgrade | $N/A |
| Oct 20, 2022 | Deutsche Bank | Bernard von-Gizycki | Buy | Maintains | $205.00 |
| Oct 19, 2022 | Raymond James | David Long | Strong Buy | Maintains | $228.00 |
| Oct 19, 2022 | Wedbush | David Chiaverini | Outperform | Maintains | $200.00 |
| Oct 19, 2022 | Morgan Stanley | Betsy Graseck | Overweight | Maintains | $223.00 |
| Oct 6, 2022 | Wells Fargo | Jared Shaw | Overweight | Maintains | $250.00 |
| Oct 5, 2022 | Morgan Stanley | Manan Gosalia | Overweight | Maintains | $244.00 |
| Sep 30, 2022 | Goldman Sachs | Buy | Maintains | $176.00 | |
| Sep 8, 2022 | Jefferies | Casey Haire | Buy | Maintains | $205.00 |
| Sep 7, 2022 | Wedbush | David Chiaverini | Outperform | Maintains | $225.00 |
| Jul 27, 2022 | UBS | Vilas Abraham | Buy | Maintains | $288.00 |
| Jul 20, 2022 | Raymond James | David Long | Strong Buy | Maintains | $286.00 |
| Jul 20, 2022 | Maxim Group | Michael Diana | Buy | Maintains | $425.00 |
The following stocks are similar to Signature Bank based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Signature Bank has a market capitalization of $68.64M with a P/E ratio of 0.1x. The company generates $2.62B in trailing twelve-month revenue with a 51.1% profit margin.
Revenue growth is +14.0% quarter-over-quarter, while maintaining an operating margin of +64.7% and return on equity of +16.9%.
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Offers commercial banking services with digital asset focus.
The bank's business model revolved around personalized relationship banking for business clients, generating revenue through commercial real estate lending, industrial loans, and various deposit services. It also capitalized on its early adoption of digital asset banking, notably through its Signet payment network that enabled real-time fund transfers in the cryptocurrency space.
Established in 2001, Signature Bank grew rapidly and managed over $110 billion in assets by the end of 2022. However, it faced significant risks related to its digital asset exposure, leading to its closure by the FDIC in March 2023. Currently, its shares trade over-the-counter, reflecting the volatility and potential of banking innovations.
Financial Services
Banks - Regional
2,243
United States
2004
Former Signature Bank executives are starting a new blockchain bank aimed at enabling 24/7 U.S. dollar payments, following the bank's collapse nearly three years ago.
The launch of a blockchain-based bank by former Signature Bank executives signals a renewed interest in crypto finance, potentially influencing market dynamics and payment innovations.
Asbury (ABG) and AutoNation (AN) show strong cash flow and profits. Builders FirstSource (BLDR) benefits from a housing shortage. Core Natural Resources (CNR) and Warrior Met Coal (HCC) expect high cash flow from rising met coal demand.
Asbury and AutoNation show resilience with strong cash flows, while Builders FirstSource capitalizes on housing shortages. Core Natural Resources and Warrior Met Coal benefit from rising demand, enhancing growth potential.
Signature Bank of Arkansas opened its second Banco Sรญ location in Springdale to cater to the growing Hispanic population, projected to reach 19% by 2026. The bank has 10 locations since its founding in 2005.
The expansion into Spanish banking services positions Signature Bank for growth in a rising Hispanic demographic, potentially boosting customer base and revenue.
New York Community Bancorp has acquired the assets of failed Signature Bank, valued at approximately $37.8 billion.
The acquisition of Signature Bank's assets by New York Community Bancorp indicates potential growth and market consolidation, impacting share prices and investor confidence in the sector.
Morgan Stanley will purchase $700 million in property loans linked to the failed Signature Bank, according to a Bloomberg report.
Morgan Stanley's acquisition of $700 million in property loans indicates confidence in potential recovery and may impact market sentiment regarding distressed assets.
Scott Goodwin, co-founder of Diameter Capital, sees investment potential in the bonds and stocks of failed Signature Bank.
Goodwin's endorsement of Signature Bank's bonds and stocks may signal potential recovery or undervaluation, attracting investors seeking opportunities in distressed assets.
Analyst forecasts for Signature Bank (SBNY) are not currently available. The stock is trading at $1.09.
According to current analyst ratings, SBNY has 14 Buy ratings, 5 Hold ratings, and 0 Sell ratings. The stock is currently trading at $1.09. Always conduct your own research and consider your investment goals before making investment decisions.
Price predictions from Wall Street analysts for SBNY are not currently available. The stock is trading at $1.09.
The bank's business model revolved around personalized relationship banking for business clients, generating revenue through commercial real estate lending, industrial loans, and various deposit services. It also capitalized on its early adoption of digital asset banking, notably through its Signet payment network that enabled real-time fund transfers in the cryptocurrency space.
Price targets from Wall Street analysts for SBNY are not currently available. The stock is trading at $1.09.
Price targets from Wall Street analysts for SBNY are not currently available. The stock is trading at $1.09.
The overall analyst consensus for SBNY is bullish. Out of 26 Wall Street analysts, 14 rate it as Buy, 5 as Hold, and 0 as Sell.
Stock price projections, including those for Signature Bank, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.