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Fly News Breaks for October 28, 2019
SBNY
Oct 28, 2019 | 16:21 EDT
Stephens analyst Matt Breese resumed coverage of Signature Bank with an Overweight rating and $140 price target.
News For SBNY From the Last 2 Days
SBNY
Jan 19, 2022 | 07:45 EST
Wedbush analyst David Chiaverini raised the firm's price target on Signature Bank to $415 from $375 and keeps an Outperform rating on the shares. The analyst notes Signature reported "another excellent quarter," which saw very strong loan and deposit growth that came in well above both his forecast and the mid-quarter guidance provided at an industry conference in December.
SBNY
Jan 19, 2022 | 07:41 EST
Janney Montgomery Scott analyst Jake Civiello upgraded Signature Bank to Buy from Neutral.
SBNY
Jan 18, 2022 | 09:01 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly. HIGHER - Activision... To see the rest of the story go to thefly.com. See Story Here
SBNY
Jan 18, 2022 | 05:17 EST
Reports Q4 book value per share $117.63. Reports Q4 CET1 capital ratio 9.58%. Reports Q4 net charge-offs .22%. "2021, which marks Signature Bank's 20th anniversary, was a sensational year in terms of growth and achievements. All our businesses contributed to the Bank's stellar performance -- whether it be from our established New York banking franchise and emerging West Coast presence to our newer, nationwide businesses. The performance includes a multitude of accomplishments, such as record growth in deposits of $42.8 billion, which comes on the heels of our 2020 record deposit growth of $22.9 billion. Additionally, growth in non-interest bearing deposits, core loans and investment securities, all reached record levels. It is our founding, client-centric model that drives this robust organic growth, and, when combined with the inherent, best-in-class operating efficiencies of Signature Bank, it results in record revenue growth and record net income. In 2021, we did in fact execute on all we said we would -- and then some. Throughout the 20 years we have been in business, we seldom take time to acknowledge our achievements, such as our recent inclusion in the S&P 500 Index, for which we are very honored. Instead, we remain focused on our bright future and commitment to staying at the forefront of innovation as the financial services industry continues to undergo digital transformation," explained Signature Bank president and CEO Joseph DePaolo.