As of close of business last night, Signature Bank’s stock clocked out at $129.11, up 1.03% from its previous closing price of $127.79. In other words, the price has increased by $+1.32 from its previous closing price. On the day, 1849245 shares were traded. SBNY stock price reached its highest trading level at $131.03 during the session, while it also had its lowest trading level at $127.34.
To gain a deeper understanding of SBNY’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 39.73. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.07.
Upgrades & Downgrades
As of this moment, Signature’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.87, and their Forward P/E ratio for the next fiscal year is 8.11. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.09. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.93 while its Price-to-Book (P/B) ratio in mrq is 1.05.
Stock Price History:
Over the past 52 weeks, SBNY has reached a high of $355.51, while it has fallen to a 52-week low of $106.81. The 50-Day Moving Average of the stock is 124.26, while the 200-Day Moving Average is calculated to be 174.89.
It appears that SBNY traded 1.22M shares on average per day over the past three months and 1.61M shares per day over the past ten days. A total of 62.44M shares are outstanding, with a floating share count of 61.82M. Insiders hold about 0.20% of the company’s shares, while institutions hold 96.10% stake in the company. Shares short for SBNY as of Oct 13, 2022 were 1.43M with a Short Ratio of 3.35M, compared to 1.84M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.27% and a Short% of Float of 2.31%.
Dividends & Splits
With its trailing 12-month dividend rate of 2.24, SBNY has a forward annual dividend rate of 2.80. Against a Trailing Annual Dividend Yield of 1.75%, it implies a Forward Annual Dividend Yield of 1.44%.
As of right now, 16 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $5.37 for the current quarter, with a high estimate of $5.79 and a low estimate of $4.98, while EPS last year was $4.34. The consensus estimate for the next quarter is $5.26, with high estimates of $5.78 and low estimates of $4.77.
Analysts are recommending an EPS of between $21.92 and $21.1 for the fiscal current year, implying an average EPS of $21.5. EPS for the following year is $21.67, with 16 analysts recommending between $25 and $18.4.
In the current quarter, 10 analysts expect revenue to total $726.29M. It ranges from a high estimate of $745.5M to a low estimate of $703.76M. As of the current estimate, Signature Bank’s year-ago sales were $569.38M, an estimated increase of 27.60% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $732.99M, an increase of 20.60% less than the figure of $27.60% in the same quarter last year. There is a high estimate of $770.7M for the next quarter, whereas the lowest estimate is $702.8M.
A total of 11 analysts have provided revenue estimates for SBNY’s current fiscal year. The highest revenue estimate was $2.76B, while the lowest revenue estimate was $2.72B, resulting in an average revenue estimate of $2.74B. In the same quarter a year ago, actual revenue was $2B, up 37.00% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $3.08B in the next fiscal year. The high estimate is $3.26B and the low estimate is $2.88B. The average revenue growth estimate for next year is up 12.30% from the average revenue estimate for this year.