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Barclays Thinks Signature Bank’s Stock is Going to Recover


Barclays analyst Matthew Keating maintained a Buy rating on Signature Bank (SBNY) yesterday and set a price target of $137. The company’s shares opened today at $109.02, close to its 52-week low of $98.54.

According to TipRanks.com, Keating is a 4-star analyst with an average return of 4.1% and a 53.0% success rate. Keating covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Union Bankshares Corporation, and Dime Community Bancshares.

Signature Bank has an analyst consensus of Moderate Buy, with a price target consensus of $141.57.

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The company has a one-year high of $161.92 and a one-year low of $98.54. Currently, Signature Bank has an average volume of 525.7K.

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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.