Signature Bank (NASDAQ:SBNY).
On September 28 the company was upgraded to “Overweight” from “Equalweight” and a price target of $139.00 was set in a report from Barclays. September 9 investment analysts at Jefferies maintained a company rating of “Buy” but moved down the price target from $168.00 to $149.00.
On July 7 JP Morgan maintained a stock rating of “Overweight” and lowered the price target to $146.00 from $150.00. On June 21 the stock rating was upgraded from “Outperform” to “Strong Buy” in a report issued by Raymond James.
On May 31, 2016 the stock rating was set at “Neutral” by Piper Jaffray a cut from the previous “Overweight” rating.
The company is trading up by 0.99 percent from yesterday’s close. It is currently trading at $115.96 just a bit lower than the 50 day moving average of $117.96 and slightly below the 200 day moving average of $128.36. The 50 day moving average was down $-2.00 or -1.70% whereas the 200 day moving average was down $-12.40 or -9.66%.
The P/E ratio is 15.01 and the market cap is 6.23B. In the last earnings report the EPS was $7.73 and is projected to be $8.00 for the current year with 53,683,000 shares outstanding. Next quarter’s EPS is forecasted to be $2.11 with next year’s EPS anticipated to be $9.18.
Investors are more bullish of late if you put credence in the motion in short interest. The stock had a fall in short interest of -0.02% between August 31, 2016 and September 15, 2016. Short interest fell from 1,183,782 to 1,155,010 over that timeframe. With short interest at 1,155,010 and short average daily volume at 447,926, the short-interest ratio is 2.6 and the short interest percentage is 0.02% as of September 15.