Signature Bank (SBNY) Shares Sold by Montag & Caldwell LLC

Montag & Caldwell LLC cut its stake in shares of Signature Bank (NASDAQ:SBNY) by 0.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 7,913 shares of the bank’s stock after selling 10 shares during the period. Montag & Caldwell LLC’s holdings in Signature Bank were worth $1,174,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atria Investments LLC boosted its position in Signature Bank by 0.3% in the first quarter. Atria Investments LLC now owns 2,623 shares of the bank’s stock valued at $389,000 after buying an additional 8 shares in the last quarter. Bbva Compass Bancshares Inc. boosted its position in Signature Bank by 0.4% in the first quarter. Bbva Compass Bancshares Inc. now owns 5,195 shares of the bank’s stock valued at $771,000 after buying an additional 21 shares in the last quarter. Sheets Smith Wealth Management boosted its position in Signature Bank by 0.8% in the first quarter. Sheets Smith Wealth Management now owns 5,233 shares of the bank’s stock valued at $777,000 after buying an additional 39 shares in the last quarter. Intrust Bank NA boosted its position in Signature Bank by 1.7% in the first quarter. Intrust Bank NA now owns 2,886 shares of the bank’s stock valued at $428,000 after buying an additional 48 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its position in Signature Bank by 4.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,440 shares of the bank’s stock valued at $200,000 after buying an additional 65 shares in the last quarter. 96.80% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Signature Bank (NASDAQ:SBNY)

Shares of Signature Bank (NASDAQ:SBNY) traded down 1.48% during mid-day trading on Friday, reaching $144.07. 732,443 shares of the company’s stock were exchanged. Signature Bank has a 52-week low of $113.53 and a 52-week high of $164.23. The firm has a market cap of $7.78 billion, a P/E ratio of 18.28 and a beta of 0.93. The company has a 50 day moving average price of $142.67 and a 200 day moving average price of $149.30.

Signature Bank (NASDAQ:SBNY) last announced its quarterly earnings data on Wednesday, April 19th. The bank reported $2.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.10 by $0.05. Signature Bank had a net margin of 30.53% and a return on equity of 12.37%. The company had revenue of $311.63 million during the quarter, compared to analysts’ expectations of $311.70 million. During the same quarter in the prior year, the company earned $1.97 EPS. Analysts forecast that Signature Bank will post $9.41 earnings per share for the current fiscal year.

WARNING: “Signature Bank (SBNY) Shares Sold by Montag & Caldwell LLC” was posted by Markets Daily and is owned by of Markets Daily. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this story can be read at https://www.themarketsdaily.com/2017/06/16/montag-caldwell-llc-reduces-position-in-signature-bank-sbny-updated-updated.html.

SBNY has been the topic of several recent research reports. Deutsche Bank AG lowered their target price on shares of Signature Bank from $181.00 to $178.00 and set a “buy” rating on the stock in a report on Friday, March 24th. Keefe, Bruyette & Woods set a $164.00 target price on shares of Signature Bank and gave the stock a “buy” rating in a report on Monday, April 3rd. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $157.00 target price (down from $167.00) on shares of Signature Bank in a report on Saturday, April 22nd. Bank of America Corporation reaffirmed a “buy” rating and set a $175.00 target price on shares of Signature Bank in a report on Thursday, May 25th. Finally, BidaskClub raised shares of Signature Bank from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $169.42.

Signature Bank Company Profile

Signature Bank is a full-service commercial bank. The Bank operates over 30 private client offices throughout the New York metropolitan area. Its segments include Commercial Banking and Specialty Finance. It offers a range of business and personal banking products and services. Its specialty finance subsidiary, Signature Financial LLC (Signature Financial), provides equipment finance and leasing services.

Receive News & Ratings for Signature Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Signature Bank and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply