Signature Bank (NASDAQ:SBNYP) Shares Up 5.3% – Should You Buy?

Signature Bank (NASDAQ:SBNYPGet Free Report) shares traded up 5.3% during mid-day trading on Friday . The company traded as high as $5.00 and last traded at $5.00. 15,185 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 119,613 shares. The stock had previously closed at $4.75.

Signature Bank Stock Performance

The firm’s 50 day simple moving average is $5.35 and its 200 day simple moving average is $5.66.

Signature Bank Company Profile

(Get Free Report)

Signature Bank provides commercial banking products and services. It accepts various deposit products, including checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, certificates of deposit, and other cash management products. The company provides various lending products comprising commercial and industrial loans, real estate loans, and letters of credit.

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