6 Meridian bought a brand new place in shares of Signature Financial institution (NASDAQ:SBNY) throughout the third quarter, in response to the corporate in its most up-to-date Kind 13F submitting with the Securities and Trade Fee (SEC). The institutional investor bought four,542 shares of the financial institution’s inventory, valued at roughly $541,00zero.
Different giant traders additionally just lately modified their holdings of the corporate. BlackRock Inc. lifted its stake in Signature Financial institution by zero.four% throughout the second quarter. BlackRock Inc. now owns 5,312,628 shares of the financial institution’s inventory price $641,980,00zero after buying an extra 20,404 shares over the last quarter. Vanguard Group Inc. lifted its stake in Signature Financial institution by 2.1% throughout the second quarter. Vanguard Group Inc. now owns four,871,753 shares of the financial institution’s inventory price $588,702,00zero after buying an extra 100,830 shares over the last quarter. William Blair Funding Administration LLC lifted its stake in Signature Financial institution by 2,477.1% throughout the second quarter. William Blair Funding Administration LLC now owns 881,975 shares of the financial institution’s inventory price $106,578,00zero after buying an extra 847,751 shares over the last quarter. Fort Washington Funding Advisors Inc. OH lifted its stake in Signature Financial institution by 2.three% throughout the second quarter. Fort Washington Funding Advisors Inc. OH now owns 670,173 shares of the financial institution’s inventory price $80,984,00zero after buying an extra 14,963 shares over the last quarter. Lastly, JPMorgan Chase & Co. lifted its stake in Signature Financial institution by three.three% throughout the second quarter. JPMorgan Chase & Co. now owns 615,967 shares of the financial institution’s inventory price $73,287,00zero after buying an extra 19,625 shares over the last quarter. 92.18% of the inventory is at the moment owned by institutional traders and hedge funds.
Shares of SBNY traded down $1.55 throughout buying and selling hours on Friday, reaching $123.99. The inventory had a buying and selling quantity of 294,200 shares, in comparison with its common quantity of 352,816. The corporate has a debt-to-equity ratio of 1.05, a fast ratio of zero.98 and a present ratio of zero.98. The corporate’s 50-day shifting common is $120.94 and its two-hundred day shifting common is $120.93. The inventory has a market capitalization of $6.89 billion, a PE ratio of 10.99, a PEG ratio of 1.08 and a beta of 1.35. Signature Financial institution has a 12 month low of $98.54 and a 12 month excessive of $137.93.
Signature Financial institution (NASDAQ:SBNY) final issued its earnings outcomes on Thursday, October 17th. The financial institution reported $2.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.70 by $zero.05. The corporate had income of $334.00 million throughout the quarter, in comparison with the consensus estimate of $339.14 million. Signature Financial institution had a return on fairness of 13.09% and a internet margin of 31.37%. Throughout the identical interval final 12 months, the enterprise posted $2.84 EPS. Equities analysts anticipate that Signature Financial institution will put up 10.82 earnings per share for the present fiscal 12 months.
The corporate additionally just lately introduced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of file on Friday, November 1st had been paid a $zero.56 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $2.24 annualized dividend and a dividend yield of 1.81%. Signature Financial institution’s dividend payout ratio is presently 19.86%.
A number of equities analysis analysts have weighed in on the corporate. Morgan Stanley reduce their goal worth on Signature Financial institution from $145.00 to $143.00 and set an “chubby” score for the corporate in a analysis observe on Tuesday, October 22nd. JPMorgan Chase & Co. set a $138.00 worth goal on Signature Financial institution and gave the corporate a “purchase” score in a analysis observe on Friday, September sixth. ValuEngine reduce Signature Financial institution from a “promote” score to a “sturdy promote” score in a analysis observe on Sunday, November third. BidaskClub upgraded Signature Financial institution from a “promote” score to a “maintain” score in a analysis observe on Saturday, September 14th. Lastly, Stephens began protection on Signature Financial institution in a analysis observe on Monday, October 28th. They issued an “chubby” score for the corporate. One analyst has rated the inventory with a promote score, 5 have assigned a maintain score, 5 have assigned a purchase score and one has issued a powerful purchase score to the corporate. The corporate at the moment has a mean score of “Purchase” and a mean goal worth of $137.00.
Signature Financial institution Firm Profile
Signature Financial institution supplies numerous enterprise and private banking services. It accepts numerous deposit merchandise, together with business checking accounts, cash market accounts, escrow deposit accounts, money focus accounts, interest-bearing and non-interest-bearing checking accounts, certificates of deposit, time deposits, and different money administration merchandise.
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