Signature Bank (NASDAQ:SBNY).
Basswood Capital Management, L.l.c. says it bought 50,465 shares in the previous quarter increasing its holdings in Signature Bank by 17.9%. Its stake was valued at $42,610,000 an increase of $2,089,000 as of the end of the quarter.
Here are some institutional investors who have increased or decreased their stake in (SBNY). Commonwealth Of Pennsylvania Public School Empls Retrmt SYS expanded its ownership by buying 185 shares an increase of 2.4% in the quarter. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS claims 8,020 shares with a value of $1,027,000. The value of the position overall is down by 8.7%. As of the end of the quarter Raymond James & Associates had sold 30,989 shares trimming its stake by 58.6%. The value of the investment in Signature Bank decreased from $7,589,000 to $2,803,000 a change of 63.1% since the last quarter.
Provident Investment Management, Inc. augmented its stake by buying 9,200 shares an increase of 5.0% from 06/30/2017 to 09/30/2017. Provident Investment Management, Inc. currently owns 194,936 shares valued at $24,960,000. The total value of its holdings decreased 6.4%.
On October 24 Jefferies Group LLC made no change to the company rating of “Buy” with a current price target of $155.00.
On October 20 analysts at Barclays PLC updated its forecast on SBNY stating a rating of “Buy” and a price target of $140.00.
October 13 investment analysts at Piper Jaffray Companies held the stock rating at “Neutral” targeting a price of $140.00. Barclays PLC updated coverage of SBNY and giving a rating of “Buy” and establishing a price target of $145.00.
The company is now down by 0.05% percent from yesterday’s close. Signature Bank currently has a P/E ratio of 18.34 and market cap is 7.15B. In the last earnings report the EPS was $7.14 with 54.97M shares outstanding.
Short traders are more bullish on the company recently as evidenced by the downtick in short interest. The company experienced a fall in short interest of -12.52% as of October 13, 2017 from the last reporting period. Short interest decreased from 1,382,240 to 1,209,156 over that period. With short interest at 1,209,156 and short average daily volume at 546,468, the short-interest ratio is 2.0 and the short interest percentage is 0.02% as of October 13.