Signature Bank (NASDAQ:SBNY) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Signature Bank (NASDAQ:SBNY) in a research note issued to investors on Friday. The firm issued a sell rating on the stock.

Signature Bank Trading Up 4.1 %

Shares of NASDAQ:SBNY opened at $3.59 on Friday. The business’s fifty day moving average price is $2.29 and its two-hundred day moving average price is $1.19. Signature Bank has a fifty-two week low of $0.00 and a fifty-two week high of $3.60.

Institutional Trading of Signature Bank

Large investors have recently bought and sold shares of the stock. Harbour Investments Inc. grew its position in Signature Bank by 42.7% in the fourth quarter. Harbour Investments Inc. now owns 836 shares of the company’s stock valued at $96,000 after acquiring an additional 250 shares during the period. Canada Pension Plan Investment Board grew its position in Signature Bank by 197.5% in the first quarter. Canada Pension Plan Investment Board now owns 363 shares of the company’s stock valued at $107,000 after acquiring an additional 241 shares during the period. Syntax Advisors LLC bought a new stake in Signature Bank in the fourth quarter valued at $200,000. Meeder Asset Management Inc. grew its holdings in shares of Signature Bank by 864.3% during the fourth quarter. Meeder Asset Management Inc. now owns 1,755 shares of the company’s stock worth $202,000 after purchasing an additional 1,573 shares during the last quarter. Finally, Beacon Pointe Advisors LLC bought a new stake in shares of Signature Bank during the first quarter worth $205,000. 11.07% of the stock is currently owned by institutional investors.

Signature Bank Company Profile

As of March 12, 2023, Signature Bank went out of business. Previously, the company provided digital assets banking services and comprised of certain loan portfolios. The company was incorporated in 2000 and is based in New York, New York. Signature Bank now trades on OTCPK.