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SBNY

Signature Bank

$124.39

0.38 (0.31%)

08:25
07/08/19
07/08
08:25
07/08/19
08:25

Signature Bank upgraded to Strong Buy at Raymond James

As previously reported, Raymond James analyst William Wallace upgraded Signature Bank to Strong Buy from Outperform and maintained a $285 price target. Wallace expects the Fed to cut interest rates twice in 2019 and believes Signature Bank is more "shielded" than most banks from a declining interest rate environment. In addition, Signatures recent investments in its Fund Banking segment and Venture Capital Group will produce attractive balance sheet growth, the analyst wrote in a note to investors.

SBNY Signature Bank
$124.39

0.38 (0.31%)

05/15/19
05/15/19
DOWNGRADE
Target $130

Neutral
Signature Bank downgraded to Neutral at Wedbush
As previously reported, Wedbush analyst David Chiaverini downgraded Signature Bank to Neutral from Outperform following "strong performance" since December and owing to the risk of onerous new laws related to multifamily housing potentially being passed in New York ahead of the June 15 expiration, and the recent decline in the five-year treasury yield that could pressure MF loan pricing. The analyst also lowered his price target on the shares to $130 from $140.
06/12/19
KBWI
06/12/19
NO CHANGE
KBWI
New York rent reforms avoid 'worst case scenario,' says Keefe Bruyette
New York Assembly Speaker Carl Heastie and State Senate Majority Leader Andrea Stewart Cousins announced last Tuesday an agreement on New York rent reforms, Keefe Bruyette analyst Collyn Gilbert wrote earlier in a research note to investors. The reforms agreed upon have no expiration date unlike prior rent laws and did not end up in the "worst case scenario" for New York multifamily lenders, says the analyst. She believes the new laws resulted in more of a compromise between tenant and building owners' rights. While the new rent rules bring a "very sharp and disappointing difference" to the operating environment from the past 15 years, the overhaul avoided the "worst case scenario" of abolishing major capital improvement rent increases, contends Gilbert. Further, the "risk of credit loss should be fairly contained for the long-tenured disciplined multi-family lenders," she added. Following the news, shares of Signature Bank (SBNY) are down 3% to $117.18, Dime Community (DCOM) shares are down 12c to $18.66 and New York Community Bancorp (NYCB) is down 3% to $10.06.
07/01/19
MSCO
07/01/19
UPGRADE
Target $146
MSCO
Overweight
Signature Bank upgraded to Overweight from Equal Weight at Morgan Stanley
Morgan Stanley analyst Ken Zerbe upgraded Signature Bank to Overweight from Equal Weight, citing his view that the bank is well positioned to benefit from falling rates. He also sees above-peer loan growth for Signature as the company intentionally deemphasizes New York City CRE and believes concerns about Signature's exposure to the new NYC rent regulations have been overblown. Zerbe, who also sees the possibility for upside from capital return, raised his price target on the stock to $146 from $142.
07/08/19
RAJA
07/08/19
UPGRADE
RAJA
Strong Buy
Signature Bank upgraded to Strong Buy from Outperform at Raymond James

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EGBN

Eagle Bancorp

$44.62

-8.81 (-16.49%)

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CAMP

CalAmp

$10.59

-0.23 (-2.13%)

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ADMP

Adamis Pharmaceuticals

$1.22

-0.03 (-2.41%)

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PPG

PPG

$116.58

-0.025 (-0.02%)

13:54
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Earnings
PPG sees unfavorable currency translation impact on Q3 sales of $30M-$50M »

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PPG

PPG

$116.49

-0.115 (-0.10%)

13:49
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Hot Stocks
PPG says Q2 EPS impacted by lower global industrial production »

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ZBRA

Zebra Technologies

$180.92

-16.74 (-8.47%)

13:40
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Notable vol spike in Zebra Technologies as shares sell off »

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TELL

Tellurian

$6.98

0.31 (4.65%)

13:40
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13:40
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13:40
Recommendations
Tellurian analyst commentary at Stifel »

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JLL

Jones Lang LaSalle

$140.05

0.585 (0.42%)

13:32
07/18/19
07/18
13:32
07/18/19
13:32
Conference/Events
Jones Lang LaSalle management to meet with Mizuho »

Meeting with EVP Monahan…

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GOSS

Gossamer Bio

$19.60

-0.48 (-2.39%)

13:30
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Options
Gossamer Bio call volume spikes on November purchase wit shares at 52wk lows »

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13:25
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Conference/Events
Cowen healthcare/biotech analysts to hold an analyst/industry conference call »

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PEP

PepsiCo

$132.17

-0.6 (-0.45%)

13:24
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Periodicals
Breaking Periodicals news story on PepsiCo »

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13:20
07/18/19
07/18
13:20
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General news
Treasury's $14 B 10-year TIPS sale was on the soft side »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
07/18/19
07/18
13:17
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13:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
07/18/19
07/18
13:16
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Technical Analysis
NYSE market internals summary »

Volume is average for…

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UNIT

Uniti Group

$8.55

-0.03 (-0.35%)

13:15
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Options
Uniti Group put volume heavy and directionally bearish »

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General news
10-Yr TIPS Auction Coupon Rate data reported »

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General news
10-Yr TIPS Auction Total Amount data reported »

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TELL

Tellurian

$6.99

0.32 (4.80%)

13:05
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07/18
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13:05
Options
Tellurian call volume above normal and directionally bullish »

Bullish option flow…

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12:57
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12:57
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Conference/Events
Stephens architecture analysts to hold analyst/industry conference call nosymbol »

Analysts hold an…

EMR

Emerson

$64.26

-0.4 (-0.62%)

12:55
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Options
Emerson put volume heavy and directionally bearish »

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General news
Treasury $14 B 10-year TIPS preview: the auction outlook is mixed. »

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FB

Facebook

$200.15

-1.82 (-0.90%)

12:43
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