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Geneva Capital Management LLC sells 2,237 Signature Bank shares (NASDAQ:SBNY)

Geneva Capital Management LLC sells 2,237 Signature Bank shares (NASDAQ:SBNY)

The most recent 13F filing that Geneva Capital Management LLC submitted to the Securities and Exchange Commission revealed that during the third quarter, it reduced its stake in Signature Bank (NASDAQ: SBNY) by 1.8%. This information was disclosed. The fund had a total holding of 124,356 shares of the bank’s stock before the sale of 2,237 shares during the quarter. Following the transaction, the fund’s holdings were as follows: Geneva Capital Management LLC held approximately 0.20 percent of Signature Bank’s shares at the end of the most recent quarter. These shares had a total market value of $18,778,000.

Several other investors, including individual investors, institutional investors, and hedge funds, have modified the quantity of stock they own in the company. During the second quarter, Parkside Financial Bank & Trust accomplished an overall increase of 236.4% in the proportion of Signature Bank stock owned by it. Parkside Financial Bank & Trust now has 148 shares of the bank’s stock, valued at $27,000, after purchasing an additional 104 shares during the period in question. These 148 shares were purchased through the purchase of an additional 104 shares. Private Trust Co. NA acquired a new stake in shares of Signature Bank during the second quarter of the fiscal year. This new stake was estimated to be worth approximately $32,000. During the third quarter, Wipfli Financial Advisors LLC purchased additional shares of Signature Bank to add to the company’s existing holdings. It was estimated that this purchase was worth approximately $39,000. During the second quarter, Eagle Bay Advisors LLC achieved a 54.2% increase in the proportion of Signature Bank stock it owned. Eagle Bay Advisors LLC now has 222 shares of the bank’s stock worth $40,000 thanks to the acquisition of 78 additional shares during the time period in question. This brings the total number of shares that the company owns to 242. And finally, Tobam increased the percentage of ownership it held in Signature Bank by 358.1% over the year’s second quarter. Tom purchased an additional 183 shares of the bank’s stock over the preceding three months, bringing its total number of shares to 234, now valued at $42,000. This brought Tobam’s total investment in the bank’s stock to $42,000. Institutional investors own most of the company’s stock, which amounts to 93.62%.

Recent events have resulted in several stock analysts providing their perspectives on the company’s share price. On Wednesday, October 5, Piper Jaffray decreased their price objective on shares of Signature Bank from $230 to $220. On January 9, 2019, in a research note that was made public at that time, Jefferies Financial Group announced that it was changing its recommendation for Signature Bank from “buy” to “hold.” On December 7, Raymond James changed their recommendation for Signature Bank from “strong buy” to “market perform,” indicating that they no longer recommend the company. The note was made public in conjunction with their research note. Deutsche Bank Aktiengesellschaft stated in a research report that was made public on December 21 that the price objective that they had set for Signature Bank had been reduced from $205.00 to $137.00. The report was about the price objective that Deutsche Bank Aktiengesellschaft had set for Signature Bank. Stephens announced in a research report released on Monday, December 12, that they had lowered their price objective for Signature Bank to $150.00. The report was published on Monday. Eleven industry researchers and analysts recommend purchasing the stock, but only five say investors should keep it in their portfolios. The information provided by Bloomberg indicates that the stock is currently rated as having an average recommendation of “Moderate Buy,” It currently has a price target of $190.79.

For $118.37, trading on the NASDAQ SBNY got underway on Tuesday. In the past year, Signature Bank’s stock price ranged from a low of $106.81 to a high of $374.76. The lowest price it ever reached was $106.81. The enterprise is valued at $7.45 billion and has a price-to-earnings ratio of 5.78, a price-to-earnings-to-growth ratio of 0.71, and a beta of 1.65. The price-to-earnings-to-growth ratio indicates that the enterprise is expected to grow at a rate of 0.71. According to the price-to-earnings-to-growth ratio, the company is anticipated to grow at 0.71 percent over the next few years. The debt-to-equity ratio is calculated to be 0.26, the current ratio is calculated to be 0.82, and the quick ratio is also calculated to be 0.82106.81 to a high of $374.76. The lowest price it ever reached was $106.81. The enterprise is valued at $7.45 billion and has a price-to-earnings ratio of 5.78, a price-to-earnings-to-growth ratio of 0.71, and a beta of 1.65. The price-to-earnings-to-growth ratio indicates that the enterprise is expected to grow at a rate of 0.71. According to the price-to-earnings-to-growth ratio, the company is anticipated to grow at 0.71 percent over the next few years. The debt-to-equity ratio is calculated to be 0.26, the current ratio is calculated to be 0.82, and the quick ratio is also calculated to be 0.82. The straightforward moving average of the company’s stock price over the past 50 days is $124.56, and its straightforward moving average over the past 200 days is $156.17.

On October 18, the financial report for Signature Bank, which is publicly traded and can be found under the NASDAQ: SBNY, was made available to the public. The bank reported a quarterly profit of $5.57 per share, which was $0.15 higher than the consensus estimate of $5.42 per share among financial analysts. The return on equity for Signature Bank was 16.49%, and the bank’s net margin was 41.55%. Both of these figures are percentages. The company’s sales for the quarter came in at $717.74 million, which is significantly lower than the consensus expectation of $737.63 million that had been projected for the company’s sales. Earnings per share for the company came in at $3.88, which is 3.88 percent higher than the previous year’s results for the same quarter. Analysts predict that Signature Bank will earn 21.01 cents per share during the current fiscal year. This figure was derived from the bank’s historical earnings.

Commercial banking-related goods and services can be obtained from Signature Bank, which operates in various capacities. We can work with a wide range of cash management products, including but not limited to certificates of deposit, checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, and many others. Lending services, including real estate loans, loans for commercial and industrial properties, and letters of credit, are all part of what the organization offers in the way of lending services.

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