In a report issued on January 18, Matthew Keating from Barclays maintained a Buy rating on Signature Bank (SBNY), with a price target of $144. The company’s shares closed on Friday at $124.40.
According to TipRanks.com, Keating is a 4-star analyst with an average return of 4.6% and a 56.3% success rate. Keating covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Union Bankshares Corporation, and Dime Community Bancshares.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Signature Bank with a $142.25 average price target, representing a 14.3% upside. In a report issued on January 18, Maxim Group also reiterated a Buy rating on the stock with a $190 price target.
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Signature Bank’s market cap is currently $6.85B and has a P/E ratio of 13.46. The company has a Price to Book ratio of 1.55.
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Signature Bank engages in the provision of commercial bank services. It operates through the Commercial Banking and Specialty Finance business segments. The Commercial Banking segment offers commercial real estate lending, commercial and industrial lending, and commercial deposit gathering activities.
