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

Equities research analysts at StockNews.com assumed coverage on shares of Signature Bank (NASDAQ:SBNY) in a research report issued to clients and investors on Saturday. The brokerage set a “sell” rating on the stock.

Signature Bank Price Performance

SBNY stock opened at $1.23 on Friday. Signature Bank has a 52-week low of $0.30 and a 52-week high of $4.10. The company’s 50-day simple moving average is $1.32 and its 200-day simple moving average is $1.67.

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.