Stock To Watch: Signature Bank (NASDAQ:SBNY)


The leading market experts have placed a mean price target of $149.40 on Signature Bank (NASDAQ:SBNY) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $2.11 a share for the upcoming quarter and $8.00 for the current fiscal.

Technical View

The technical analysis of Signature Bank plainly substantiates that the 50-day moving average of Signature Bank is $120.80, and stock is trading $1.29 points away or +1.07% from its 50-day moving average of $120.80. Further it is trading $-8.54 or -6.53% away its 200-day moving average of $130.63. Signature Bank (NASDAQ:SBNY) 52-week high is $163.15 and the 52-week low is $114.36.

This explains if the stock moves $-41.06, it will post a 52-week high. In event of +6.76% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Signature Bank, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Signature Bank (NASDAQ:SBNY) ratio came in at 15.80.

The stock last ended the trading session at $122.09 and registered a market cap of $6.55B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Signature Bank (NASDAQ:SBNY) PEG ratio is at 1.26.

1 Chart Pattern Every Investor Should Know

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