Signature Bank (NASDAQ:SBNY) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Signature Bank (NASDAQ:SBNY) in a report released on Thursday. The brokerage set a “sell” rating on the stock.

Signature Bank Stock Performance

SBNY stock opened at $1.22 on Thursday. The stock’s 50 day moving average price is $1.34 and its 200 day moving average price is $1.74. The firm has a market cap of $76.77 million, a P/E ratio of 0.07 and a beta of 9.50. Signature Bank has a 1 year low of $0.30 and a 1 year 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.