In a report released today, David Chiaverini from Wedbush maintained a Buy rating on Signature Bank (SBNY – Research Report), with a price target of $140.00. The company’s shares opened today at $95.90.
According to TipRanks, Chiaverini is a 3-star analyst with an average return of 0.8% and a 42.59% success rate. Chiaverini covers the Financial sector, focusing on stocks such as Silvergate Capital, Signature Bank, and M&T Bank.
Signature Bank has an analyst consensus of Moderate Buy, with a price target consensus of $147.40, which is a 53.70% upside from current levels. In a report released today, Wells Fargo also reiterated a Buy rating on the stock with a $185.00 price target.
See Insiders’ Hot Stocks on TipRanks >>
The company has a one-year high of $324.13 and a one-year low of $101.83. Currently, Signature Bank has an average volume of 1.25M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Signature Bank engages in the provision of commercial bank services. It operates through the Commercial Banking and Specialty Finance segments. The Commercial Banking segment comprises of commercial real estate lending, commercial and industrial lending, and commercial deposit gathering activities. The Specialty Finance segment consists of financing and leasing products. The company was founded by John Tamberlane, Scott Aaron Shay, and Joseph J. DePaolo in September 2000 and is headquartered in New York, NY.
Read More on SBNY:
- Signature Bank CEO Joseph DePaolo to switch to new role, Eric Howell to succeed
- Signature Bank accused of overlooking FTX fraud, Bloomberg reports
- Aurelius Value says short Signature Bank
- Signature Bank says intentionally managing digital asset deposits to lower level
- Signature Bank says it does not lend in the crypto space
