Signature Bank (SBNY) Gets a Hold Rating from Morgan Stanley


Morgan Stanley analyst Ken Zerbe maintained a Hold rating on Signature Bank (NASDAQ: SBNY) today and set a price target of $133. The company’s shares closed yesterday at $119.26.

According to TipRanks.com, Zerbe is a 4-star analyst with an average return of 12.8% and a 65.9% success rate. Zerbe covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc, Prosperity Bancshares, and Associated Banc-Corp.

Signature Bank has an analyst consensus of Moderate Buy, with a price target consensus of $149.44.

See today’s analyst top recommended stocks >>

Signature Bank’s market cap is currently $6.6B and has a P/E ratio of 15.17. The company has a Price to Book ratio of 1.59.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts