Signature Bank (NASDAQ:SBNY) Research Coverage Started at StockNews.com
by Renee Jackson · The Cerbat GemStockNews.com started coverage on shares of Signature Bank (NASDAQ:SBNY – Free Report) in a research report released on Thursday. The brokerage issued a sell rating on the stock.
Signature Bank Stock Up 6.7 %
NASDAQ SBNY opened at $3.52 on Thursday. The company has a fifty day moving average of $2.06 and a two-hundred day moving average of $1.08. Signature Bank has a 52 week low of $0.00 and a 52 week high of $3.60.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. PDT Partners LLC purchased a new position in Signature Bank during the first quarter worth $264,000. Creative Planning boosted its stake in shares of Signature Bank by 55.7% during the fourth quarter. Creative Planning now owns 2,182 shares of the company’s stock valued at $251,000 after purchasing an additional 781 shares during the period. Pathstone Family Office LLC purchased a new stake in shares of Signature Bank during the third quarter valued at $241,000. Glenmede Trust Co. NA purchased a new stake in shares of Signature Bank during the third quarter valued at $240,000. Finally, Cetera Advisor Networks LLC purchased a new stake in shares of Signature Bank during the fourth quarter valued at $232,000. 11.07% of the stock is owned by hedge funds and other institutional investors.
Signature Bank Company Profile
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.