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Signature Bank upgraded to Outperform at Wedbush » 08:07
05/28/20
05/28
08:07
05/28/20
08:07
SBNY

Signature Bank

$109.89 /

+8.025 (+7.88%)

As previously reported,…

As previously reported, Wedbush analyst David Chiaverini upgraded Signature Bank to Outperform from Neutral with a price target of $127, up from $110. The analyst cited the defensive positioning of its loan portfolio which should perform well during the economic downturn, its liability sensitive balance sheet that should enable the net interest margin to be flat with an upward bias over the next couple quarters, its growth above peers' as it further expands on the West Coast, and an attractive valuation.

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SBNY Signature Bank
$109.89 /

+8.025 (+7.88%)

SBNY Signature Bank
$109.89 /

+8.025 (+7.88%)

06:17 Today Wedbush
Signature Bank upgraded to Outperform from Neutral at Wedbush
05/06/20 BMO Capital
Signature Bank price target raised to $115 from $100 at BMO Capital
04/14/20 Compass Point
Signature Bank initiated with a Buy at Compass Point
04/13/20 Compass Point
Signature Bank initiated with a Buy at Compass Point
SBNY Signature Bank
$109.89 /

+8.025 (+7.88%)

Upgrade
Signature Bank upgraded to Outperform from Neutral at Wedbush » 06:17
05/28/20
05/28
06:17
05/28/20
06:17
SBNY

Signature Bank

$109.89 /

+8.025 (+7.88%)

Wedbush upgraded…

Wedbush upgraded Signature Bank to Outperform from Neutral.

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SBNY Signature Bank
$109.89 /

+8.025 (+7.88%)

SBNY Signature Bank
$109.89 /

+8.025 (+7.88%)

05/06/20 BMO Capital
Signature Bank price target raised to $115 from $100 at BMO Capital
04/14/20 Compass Point
Signature Bank initiated with a Buy at Compass Point
04/13/20 Compass Point
Signature Bank initiated with a Buy at Compass Point
03/18/20 JPMorgan
Signature Bank an outlier on all key metrics, says JPMorgan
SBNY Signature Bank
$109.89 /

+8.025 (+7.88%)

Over a week ago
Recommendations
Signature Bank price target raised to $115 from $100 at BMO Capital » 08:23
05/06/20
05/06
08:23
05/06/20
08:23
SBNY

Signature Bank

$100.85 /

-1.27 (-1.24%)

BMO Capital analyst Lana…

BMO Capital analyst Lana Chan raised the firm's price target on Signature Bank to $115 from $100 and also ups her FY20 EPS view by 42c to $10.54. The analyst cites the company's "very optimistic management" about deposit and loan growth over the near term, though she also acknowledges remaining uncertainty about the impact of COVID-19 on credit and keeps a Market Perform rating on the shares.

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SBNY Signature Bank
$100.85 /

-1.27 (-1.24%)

04/14/20 Compass Point
Signature Bank initiated with a Buy at Compass Point
04/13/20 Compass Point
Signature Bank initiated with a Buy at Compass Point
03/18/20 JPMorgan
Signature Bank an outlier on all key metrics, says JPMorgan
03/10/20 Raymond James
Signature Bank price target lowered to $137 from $168 at Raymond James
Over a month ago
Earnings
Signature Bank reports Q1 EPS $1.88, consensus $2.18 » 06:29
04/23/20
04/23
06:29
04/23/20
06:29
SBNY

Signature Bank

$85.76 /

-2.03 (-2.31%)

Reports Q1 book value per…

Reports Q1 book value per share $88.94. Reports Q1 CET1 capital ratio 11.05%. Reports Q1 net charge-offs 0.02%. "First, let me say our hearts go out to our clients, colleagues, friends and their families during this tumultuous time in the world. We're proud of our colleagues' dedication to their clients, families and communities. They've persevered through these extraordinary circumstances. There is no better test of an organization than such periods in history. In the 19 years since we began operations, we endured 9/11 just after opening our doors; during the financial crisis we not only survived, but rather thrived; and, we overcame Super Storm Sandy. Once again, we have come together during the COVID-19 pandemic, where the personal stress level of many have reached monumental proportions, due to life and death situations for the masses. We will endure," said Signature Bank President and CEO Joseph DePaolo. "Although we are highly focused on the current environment, we have not lost sight of our long-term vision. Once again, we have executed on our proven model by attracting new leadership for our West Coast initiative and onboarding 12 Private Client Banking Teams; seven teams to spearhead our efforts in the greater Los Angeles marketplace, as well as five additional ones to bolster our presence in the San Francisco market. We currently have plans to open four new offices in Los Angeles. Our premise for bringing our banking model to the West Coast is certainly bearing fruit where we continue to see significant disruption in the marketplace," DePaolo concluded.

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SBNY Signature Bank
$85.76 /

-2.03 (-2.31%)

04/14/20 Compass Point
Signature Bank initiated with a Buy at Compass Point
04/13/20 Compass Point
Signature Bank initiated with a Buy at Compass Point
03/18/20 JPMorgan
Signature Bank an outlier on all key metrics, says JPMorgan
03/10/20 Raymond James
Signature Bank price target lowered to $137 from $168 at Raymond James
Initiation
Signature Bank initiated with a Buy at Compass Point » 11:24
04/14/20
04/14
11:24
04/14/20
11:24
SBNY

Signature Bank

$85.27 /

+0.24 (+0.28%)

As previously reported,…

As previously reported, Compass Point analyst David Rochester initiated coverage of Signature Bank with a Buy rating and $103 price target. The analyst, who started coverage of 17 large and mid-sized U.S. banks, sees his four Buy-rated names offering higher odds of more favorable relative stock price returns over the next "challenging" year for the U.S. economy.

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SBNY Signature Bank
$85.27 /

+0.24 (+0.28%)

04/13/20 Compass Point
Signature Bank initiated with a Buy at Compass Point
03/18/20 JPMorgan
Signature Bank an outlier on all key metrics, says JPMorgan
03/10/20 Raymond James
Signature Bank price target lowered to $137 from $168 at Raymond James
02/19/20 DA Davidson
Signature Bank initiated with a Neutral at DA Davidson
Initiation
Signature Bank initiated with a Buy at Compass Point » 17:19
04/13/20
04/13
17:19
04/13/20
17:19
SBNY

Signature Bank

$85.03 /

-5.14 (-5.70%)

Compass Point analyst…

Compass Point analyst David Rochester initiated coverage of Signature Bank with a Buy rating and $103 price target.

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SBNY Signature Bank
$85.03 /

-5.14 (-5.70%)

03/18/20 JPMorgan
Signature Bank an outlier on all key metrics, says JPMorgan
03/10/20 Raymond James
Signature Bank price target lowered to $137 from $168 at Raymond James
02/19/20 DA Davidson
Signature Bank initiated with a Neutral at DA Davidson
02/18/20 DA Davidson
Signature Bank initiated with a Neutral at DA Davidson
Recommendations
Signature Bank an outlier on all key metrics, says JPMorgan » 09:09
03/18/20
03/18
09:09
03/18/20
09:09
SBNY

Signature Bank

$94.10 /

+6.23 (+7.09%)

After hosting a…

After hosting a conference call with CEO Joseph DePaolo, JPMorgan analyst Steven Alexopoulos says Signature Bank remains a top pick with an Overweight rating and $170 price target. While the interest rate and credit environment for banks have "dramatically turned into a headwind" for the bank industry, Signature appears to be positioned as an outlier on just about all of the key metrics that matter to bank investors including net interest margin, credit, return on equity stability, and growth, DePaolo tells investors in a research note. The analyst remains "very cautious" on regional banks but sees Signature "as one of the very few banks positioned at this juncture to continue driving significant growth of intrinsic value and, importantly achieve this while many peers head in the opposite direction."

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SBNY Signature Bank
$94.10 /

+6.23 (+7.09%)

03/10/20 Raymond James
Signature Bank price target lowered to $137 from $168 at Raymond James
02/19/20 DA Davidson
Signature Bank initiated with a Neutral at DA Davidson
02/18/20 DA Davidson
Signature Bank initiated with a Neutral at DA Davidson
01/22/20 BMO Capital
Signature Bank price target raised to $154 from $146 at BMO Capital
Conference/Events
Signature Bank participates in a conference call with JPMorgan » 09:25
03/17/20
03/17
09:25
03/17/20
09:25
SBNY

Signature Bank

$87.87 /

-10 (-10.22%)

Financial Analyst…

Financial Analyst Alexopoulos holds a conference call with CEO DePaolo and EVP Howell on March 17 at 10 am hosted by JPMorgan.

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SBNY Signature Bank
$87.87 /

-10 (-10.22%)

03/10/20 Raymond James
Signature Bank price target lowered to $137 from $168 at Raymond James
02/19/20 DA Davidson
Signature Bank initiated with a Neutral at DA Davidson
02/18/20 DA Davidson
Signature Bank initiated with a Neutral at DA Davidson
01/22/20 BMO Capital
Signature Bank price target raised to $154 from $146 at BMO Capital
Conference/Events
Signature Bank participates in a conference call with JPMorgan » 04:55
03/17/20
03/17
04:55
03/17/20
04:55
SBNY

Signature Bank

$87.87 /

-10 (-10.22%)

Financial Analyst…

Financial Analyst Alexopoulos holds a conference call with CEO DePaolo and EVP Howell on March 17 at 10 am hosted by JPMorgan.

ShowHide Related Items >><<
SBNY Signature Bank
$87.87 /

-10 (-10.22%)

03/10/20 Raymond James
Signature Bank price target lowered to $137 from $168 at Raymond James
02/19/20 DA Davidson
Signature Bank initiated with a Neutral at DA Davidson
02/18/20 DA Davidson
Signature Bank initiated with a Neutral at DA Davidson
01/22/20 BMO Capital
Signature Bank price target raised to $154 from $146 at BMO Capital
Conference/Events
Signature Bank participates in a conference call with JPMorgan » 10:03
03/13/20
03/13
10:03
03/13/20
10:03
SBNY

Signature Bank

$96.95 /

+5.36 (+5.85%)

Financial Analyst…

Financial Analyst Alexopoulos holds a conference call with CEO DePaolo and EVP Howell on March 17 at 10 am hosted by JPMorgan.

ShowHide Related Items >><<
SBNY Signature Bank
$96.95 /

+5.36 (+5.85%)

03/10/20 Raymond James
Signature Bank price target lowered to $137 from $168 at Raymond James
02/19/20 DA Davidson
Signature Bank initiated with a Neutral at DA Davidson
02/18/20 DA Davidson
Signature Bank initiated with a Neutral at DA Davidson
01/22/20 BMO Capital
Signature Bank price target raised to $154 from $146 at BMO Capital

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