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

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

Signature Bank Stock Up 0.8 %

Shares of SBNY stock opened at $1.23 on Wednesday. The company has a market cap of $77.40 million, a P/E ratio of 0.08 and a beta of 9.50. The business has a 50 day moving average of $1.34 and a two-hundred day moving average of $1.77. Signature Bank has a 52 week low of $0.30 and a 52 week 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.