Macquarie Group Ltd. Has $28.16 Million Position in Signature Bank (SBNY)

Macquarie Group Ltd. increased its holdings in Signature Bank (NASDAQ:SBNY) by 7.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 196,172 shares of the bank’s stock after acquiring an additional 14,423 shares during the period. Macquarie Group Ltd. owned approximately 0.36% of Signature Bank worth $28,157,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in SBNY. Royal Bank of Canada lifted its stake in Signature Bank by 34.3% during the second quarter. Royal Bank of Canada now owns 391,072 shares of the bank’s stock worth $56,130,000 after purchasing an additional 99,818 shares in the last quarter. Capital Research Global Investors lifted its stake in Signature Bank by 2.6% during the second quarter. Capital Research Global Investors now owns 2,894,365 shares of the bank’s stock worth $415,428,000 after purchasing an additional 72,806 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Signature Bank by 1.9% during the second quarter. Goldman Sachs Group Inc. now owns 755,701 shares of the bank’s stock worth $108,466,000 after purchasing an additional 13,977 shares in the last quarter. Tudor Investment Corp ET AL lifted its stake in Signature Bank by 48.6% during the second quarter. Tudor Investment Corp ET AL now owns 3,592 shares of the bank’s stock worth $516,000 after purchasing an additional 1,174 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC lifted its stake in Signature Bank by 6.3% during the second quarter. YorkBridge Wealth Partners LLC now owns 688 shares of the bank’s stock worth $100,000 after purchasing an additional 41 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

A number of research firms have commented on SBNY. Jefferies Group LLC restated a “buy” rating and set a $169.00 price target on shares of Signature Bank in a research note on Wednesday, June 28th. Keefe, Bruyette & Woods restated a “buy” rating and set a $158.00 price target on shares of Signature Bank in a research note on Friday, July 14th. FIG Partners restated an “outperform” rating and set a $150.00 price target on shares of Signature Bank in a research note on Monday, October 2nd. Wedbush cut Signature Bank from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $157.00 to $126.00 in a research note on Wednesday, September 20th. Finally, Morgan Stanley restated an “overweight” rating and set a $166.00 price target (down from $170.00) on shares of Signature Bank in a research note on Friday, July 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $157.27.

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Shares of Signature Bank (NASDAQ SBNY) opened at 127.16 on Wednesday. Signature Bank has a 52 week low of $113.53 and a 52 week high of $164.23. The stock has a 50 day moving average price of $125.53 and a 200 day moving average price of $136.39. The firm has a market capitalization of $6.88 billion, a PE ratio of 20.37 and a beta of 0.96.

Signature Bank (NASDAQ:SBNY) last announced its quarterly earnings data on Wednesday, July 19th. The bank reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.01). Signature Bank had a net margin of 23.62% and a return on equity of 12.61%. The business had revenue of $316.79 million for the quarter, compared to the consensus estimate of $324.44 million. During the same period in the prior year, the company earned $1.90 EPS. Equities analysts forecast that Signature Bank will post $7.20 earnings per share for the current fiscal year.

About Signature Bank

Signature Bank is a full-service commercial bank. The Bank operates over 30 private client offices throughout the New York metropolitan area. Its segments include Commercial Banking and Specialty Finance. It offers a range of business and personal banking products and services. Its specialty finance subsidiary, Signature Financial LLC (Signature Financial), provides equipment finance and leasing services.

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Institutional Ownership by Quarter for Signature Bank (NASDAQ:SBNY)

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