StockNews.com Initiates Coverage on Signature Bank (NASDAQ:SBNY)

Investment analysts at StockNews.com started coverage on shares of Signature Bank (NASDAQ:SBNYGet Free Report) in a report issued on Tuesday. The brokerage set a “sell” rating on the stock.

Signature Bank Price Performance

Signature Bank stock opened at $1.37 on Tuesday. The firm’s 50 day moving average price is $1.36 and its 200-day moving average price is $1.79. Signature Bank has a 1 year low of $0.30 and a 1 year high of $4.10. The stock has a market cap of $86.21 million, a P/E ratio of 0.08 and a beta of 9.44.

About Signature Bank

(Get Free Report)

As of March 12, 2023, Signature Bank went out of business. Previously, the company provided digital assets banking services and comprised of certain loan portfolios. The company was incorporated in 2000 and is based in New York, New York. Signature Bank now trades on OTCPK.

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