Signature Bank (NASDAQ:SBNY) posted its earnings results on Tuesday. The bank reported $2.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.69 by $0.09, Bloomberg Earnings reports. The firm had revenue of $345.58 million during the quarter, compared to analysts’ expectations of $335.91 million. Signature Bank had a net margin of 30.36% and a return on equity of 12.57%. During the same period in the previous year, the company earned $2.94 earnings per share.
NASDAQ:SBNY opened at $145.85 on Friday. Signature Bank has a 1 year low of $111.91 and a 1 year high of $148.64. The firm’s fifty day simple moving average is $135.88 and its 200 day simple moving average is $125.00. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $7.91 billion, a PE ratio of 13.38, a PEG ratio of 1.20 and a beta of 1.38.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Thursday, January 30th. Signature Bank’s dividend payout ratio is currently 20.63%.
Signature Bank Company Profile
Signature Bank provides various business and personal banking products and services. It accepts various deposit products, including commercial checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, interest-bearing and non-interest-bearing checking accounts, certificates of deposit, time deposits, and other cash management products.
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