Large Outflow of Money Witnessed in Signature Bank

Signature Bank (SBNY) : The value of composite uptick trades was $14.12 million, whereas, the value of composite downtick trades was $16.84 million. The uptick to downtick ratio stood at 0.84 with a negative money flow of ($2.71) Million during Wednesdays trading session. The block trades money flow was negative ($1.34 million).The uptick to the downtick ratio of 0.47 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $1.18 million. The transaction of the trades on downticks amounted to $2.52 million, which confirms investors selling on the strength of price. Signature Bank (SBNY) gained 212 cents at $118.08, an increase of 1.83% over the previous days close.


Shares of Signature Bank appreciated by 3.56% during the last five trading days but lost 1.33% on a 4-week basis. Signature Bank has dropped 3.18% during the last 3-month period . Year-to-Date the stock performance stands at -22.35%.

Signature Bank (SBNY) : 8 brokerage houses believe that Signature Bank (SBNY) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Signature Bank (SBNY). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 15 Wall Street Analysts endorse the stock as a Buy with a rating of 1.7.

Signature Bank (NASDAQ:SBNY): The stock opened at $117.84 and touched an intraday high of $119.18 on Wednesday. During the day, the stock corrected to an intraday low of $116.9725, however, the bulls stepped in and pushed the price higher to close in the green at $119.09 with a gain of 2.70% for the day. The total traded volume for the day was 769,869. The stock had closed at $115.96 in the previous trading session.

Signature Bank (the Bank) is a full-service commercial bank with 27 private client o?ffices located throughout the New York metropolitan area. The Bank primarily serves privately owned businesses, their owners and senior managers. Signature Bank offers a range of business and personal banking products and services as well as investment, brokerage, asset management and insurance products and services through its subsidiary, Signature Securities Group Corporation, a licensed broker-dealer, investment adviser. In addition, Signature Banks wholly owned specialty finance subsidiary, Signature Financial LLC, provides equipment finance and leasing along with taxi medallion and transportation financing to clients located throughout the United States. Through Signature Securities, it also purchases, securitizes and sells the guaranteed portions of the United States Small Business Administration (SBA) loans.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *