StockNews.com Begins Coverage on Signature Bank (NASDAQ:SBNY)

Stock analysts at StockNews.com assumed coverage on shares of Signature Bank (NASDAQ:SBNY) in a note issued to investors on Tuesday. The firm set a “sell” rating on the stock.

Signature Bank Trading Up 6.6 %

Signature Bank stock opened at $1.30 on Tuesday. The company has a fifty day simple moving average of $1.38 and a 200-day simple moving average of $1.81. The stock has a market cap of $81.81 million, a P/E ratio of 0.08 and a beta of 9.42. Signature Bank has a 12-month low of $0.30 and a 12-month high of $4.10.

Signature Bank Company Profile

As of March 12, 2023, Signature Bank went out of business. Previously, the company provided digital assets banking services and comprised of certain loan portfolios. The company was incorporated in 2000 and is based in New York, New York. Signature Bank now trades on OTCPK.