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Oakbrook Investments LLC grew its holdings in Signature Bank (NASDAQ: SBNY) by 32.3% in the 3rd quarter, according to the most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,175 shares of the bank's stock after acquiring an additional 1,750 shares during the period. Oakbrook Investments LLC's holdings in Signature Bank were worth $ 824,000 as the most recent filing with the Securities & Exchange Commission.
Several other large investors have also bought and sold shares of SBNY. Suntrust Banks Inc. grew its stake in Signature Bank shares by 4.7% during the first quarter. Suntrust Banks Inc. now owns 22,926 shares of the bank's stock worth $ 3,252,000 after purchasing an additional 1,033 shares in the last quarter. Andra AP founds its stake in shares of Signature Bank by 5.4% during the second quarter. Andra AP now owns 37,100 shares of the bank's worth $ 4,744,000 after additional 1,900 shares in the last quarter. Rhumbline Advisers grew its stake in Signature Bank shares by 1.1% during the second quarter. Rhumbline Advisers now owns 101,866 shares of the bank's stock worth $ 13,027,000 after purchasing an additional 1,124 shares in the last quarter. Hermes Investment Management Ltd. Signed by 2.3% during the second quarter. Hermes Investment Management Ltd. now owns 239,339 shares of the bank's stock worth $ 30,607,000 after purchasing an additional 5,355 shares in the last quarter. Finally, Algebris UK Ltd acquired a new position in shares of Signature Bank during the second quarter worth $ 3,312,000. Institutional investors and hedge funds own 96.68% of the company's stock.
NASDAQ SBNY traded up $ 1.58 during trading hours on Thursday, hitting $ 116.07. The company had a trading volume of 327,327 shares, compared to its average volume of 486,053. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.96 and a quick ratio of 0.95. Signature Bank has a 1-year low of $ 105.43 and a 1-year high of $ 161.92. The company has a market capitalization of $ 6.26 billion, a PE ratio of 13.03, a P / E / G ratio of 0.95 and a beta of 0.91.
Signature Bank (NASDAQ: SBNY) last published on Thursday, October 18th. The bank reported $ 2.84 per share for the quarter, the consensus estimate of $ 2.83 by $ 0.01. Signature Bank had a net margin of 27.66% and a return on equity of 14.34%. The company had revenue of $ 329.34 million during the quarter, compared to the consensus estimate of $ 331.77 million. During the year, the firm posted $ 2.29 earnings per share. Signature Bank's revenue for the quarter was up 3.9% on a year-over-year basis. On average, research badysts expect that Signature Bank will post 11.16 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be issued at $ 0.56 dividend. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $ 2.24 dividend on an annualized basis and a dividend yield of 1.93%. Signature Bank's payout ratio is 25.14%.
SBNY has been the subject of a number of badyst reports. ValuEngine upgraded shares of Signature Bank from a "strong sell" rating to a "sell" rating in a research note on Friday, September 14th. BMO Capital Markets has reduced its target price on shares by $ 125.00 to $ 132.00 and set a "market perform" rating for the company in a research note on Friday, October 19th. Wells Fargo & Co reiterated a "buy" rating and set at $ 135.00. Maxim Group reiterated a "buy" rating and set a $ 190.00. Finally, Morgan Stanley's Signature Bank from $ 155.00 to $ 145.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 24th. One research badyst has rated the value of a given rating, and has badigned a rating to the rating. Signature Bank currently has a consensus rating of "Buy" and a consensus target price of $ 143.21.
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About Signature Bank
Signature Bank provides various business and personal banking products and services. It accepts various types of accounts, including commercial checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, interest-bearing and non-interest-bearing-checking accounts, certificates of deposit, time deposits and other cash management products.
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