Signature Bank (SBNY) : Psagot Investment House Ltd. scooped up 5,850 additional shares in Signature Bank during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 49,450 shares of Signature Bank which is valued at $5,844,496.Signature Bank makes up approximately 0.24% of Psagot Investment House Ltd.’s portfolio.
Other Hedge Funds, Including , Thompson Davis reduced its stake in SBNY by selling 22 shares or 15.83% in the most recent quarter. The Hedge Fund company now holds 117 shares of SBNY which is valued at $14,106. Signature Bank makes up approx 0.02% of Thompson Davis’s portfolio.Jennison Associates reduced its stake in SBNY by selling 1,311 shares or 0.16% in the most recent quarter. The Hedge Fund company now holds 796,273 shares of SBNY which is valued at $95,425,356. Signature Bank makes up approx 0.10% of Jennison Associates’s portfolio.First Midwest Bank Trust Division boosted its stake in SBNY in the latest quarter, The investment management firm added 1,958 additional shares and now holds a total of 6,188 shares of Signature Bank which is valued at $750,914. Signature Bank makes up approx 0.09% of First Midwest Bank Trust Division’s portfolio.Cibc World Markets reduced its stake in SBNY by selling 6,345 shares or 72.57% in the most recent quarter. The Hedge Fund company now holds 2,398 shares of SBNY which is valued at $297,520.
Signature Bank closed down -0.23 points or -0.20% at $117.31 with 4,06,073 shares getting traded on Wednesday. Post opening the session at $117.02, the shares hit an intraday low of $116.5 and an intraday high of $117.49 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Signature Bank reported $1.90 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Jul 20, 2016. Analyst had a consensus of $1.98.Analysts expectations of $ 295.42.During the same quarter in the previous year, the company posted $1.77 EPS.
Many Wall Street Analysts have commented on Signature Bank. Shares were Reiterated by FBR Capital on Jul 21, 2016 to “Outperform” and Lowered the Price Target to $ 155 from a previous price target of $167 .Signature Bank was Upgraded by Raymond James to ” Strong Buy” on Jun 21, 2016. Signature Bank was Downgraded by Piper Jaffray to ” Neutral” on May 31, 2016.
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.