Wells Fargo Reaffirms Their Buy Rating on Signature Bank (SBNY)


Wells Fargo analyst Jared Shaw maintained a Buy rating on Signature Bank (NASDAQ: SBNY) yesterday. The company’s shares closed yesterday at $113.48, close to its 52-week low of $108.89.

According to TipRanks.com, Shaw is ranked #1799 out of 4881 analysts.

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

See today’s analyst top recommended stocks >>

Based on Signature Bank’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $155 million. In comparison, last year the company had a net profit of $124 million.

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