Employees Retirement System of Texas Has $3.29 Million Holdings in Signature Bank (SBNY)

Employees Retirement System of Texas reduced its stake in Signature Bank (NASDAQ:SBNY) by 30.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,900 shares of the bank’s stock after selling 10,000 shares during the quarter. Employees Retirement System of Texas’ holdings in Signature Bank were worth $3,287,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Tudor Investment Corp ET AL grew its holdings in Signature Bank by 48.6% in the 2nd quarter. Tudor Investment Corp ET AL now owns 3,592 shares of the bank’s stock valued at $516,000 after buying an additional 1,174 shares in the last quarter. YorkBridge Wealth Partners LLC grew its holdings in Signature Bank by 6.3% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 688 shares of the bank’s stock valued at $100,000 after buying an additional 41 shares in the last quarter. People s United Financial Inc. grew its holdings in Signature Bank by 2.2% in the 2nd quarter. People s United Financial Inc. now owns 7,544 shares of the bank’s stock valued at $1,083,000 after buying an additional 166 shares in the last quarter. HighVista Strategies LLC purchased a new stake in Signature Bank in the 2nd quarter valued at $330,000. Finally, Stifel Financial Corp grew its holdings in Signature Bank by 18.7% in the 2nd quarter. Stifel Financial Corp now owns 32,321 shares of the bank’s stock valued at $4,623,000 after buying an additional 5,098 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Signature Bank (NASDAQ SBNY) opened at 125.37 on Monday. Signature Bank has a one year low of $113.53 and a one year high of $164.23. The company’s 50-day moving average price is $125.67 and its 200-day moving average price is $136.80. The stock has a market capitalization of $6.78 billion, a PE ratio of 20.08 and a beta of 0.96.

Signature Bank (NASDAQ:SBNY) last posted its quarterly earnings results on Wednesday, July 19th. The bank reported $2.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.22 by ($0.01). Signature Bank had a net margin of 23.62% and a return on equity of 12.61%. The firm had revenue of $316.79 million for the quarter, compared to analysts’ expectations of $324.44 million. During the same period last year, the firm posted $1.90 EPS. Equities research analysts predict that Signature Bank will post $7.20 EPS for the current year.

Several brokerages have issued reports on SBNY. Keefe, Bruyette & Woods restated a “buy” rating and issued a $158.00 target price on shares of Signature Bank in a report on Friday, July 14th. Hovde Group upgraded Signature Bank from an “underperform” rating to a “market perform” rating and set a $132.00 target price for the company in a report on Monday, September 11th. FIG Partners restated an “outperform” rating and issued a $150.00 target price on shares of Signature Bank in a report on Monday, October 2nd. Jefferies Group LLC restated a “buy” rating and issued a $169.00 target price on shares of Signature Bank in a report on Wednesday, June 28th. Finally, BMO Capital Markets restated a “hold” rating and issued a $157.00 target price on shares of Signature Bank in a report on Thursday, July 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. Signature Bank presently has an average rating of “Buy” and an average price target of $157.27.

COPYRIGHT VIOLATION NOTICE: “Employees Retirement System of Texas Has $3.29 Million Holdings in Signature Bank (SBNY)” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another publication, it was copied illegally and re

A number of other large investors also recently modified their holdings of the business. Tudor Investment Corp ET AL grew its holdings in Signature Bank by 48.6% in the 2nd quarter. Tudor Investment Corp ET AL now owns 3,592 shares of the bank’s stock valued at $516,000 after buying an additional 1,174 shares in the last quarter. YorkBridge Wealth Partners LLC grew its holdings in Signature Bank by 6.3% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 688 shares of the bank’s stock valued at $100,000 after buying an additional 41 shares in the last quarter. People s United Financial Inc. grew its holdings in Signature Bank by 2.2% in the 2nd quarter. People s United Financial Inc. now owns 7,544 shares of the bank’s stock valued at $1,083,000 after buying an additional 166 shares in the last quarter. HighVista Strategies LLC purchased a new stake in Signature Bank in the 2nd quarter valued at $330,000. Finally, Stifel Financial Corp grew its holdings in Signature Bank by 18.7% in the 2nd quarter. Stifel Financial Corp now owns 32,321 shares of the bank’s stock valued at $4,623,000 after buying an additional 5,098 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Signature Bank (NASDAQ SBNY) opened at 125.37 on Monday. Signature Bank has a one year low of $113.53 and a one year high of $164.23. The company’s 50-day moving average price is $125.67 and its 200-day moving average price is $136.80. The stock has a market capitalization of $6.78 billion, a PE ratio of 20.08 and a beta of 0.96.

Signature Bank (NASDAQ:SBNY) last posted its quarterly earnings results on Wednesday, July 19th. The bank reported $2.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.22 by ($0.01). Signature Bank had a net margin of 23.62% and a return on equity of 12.61%. The firm had revenue of $316.79 million for the quarter, compared to analysts’ expectations of $324.44 million. During the same period last year, the firm posted $1.90 EPS. Equities research analysts predict that Signature Bank will post $7.20 EPS for the current year.

Several brokerages have issued reports on SBNY. Keefe, Bruyette & Woods restated a “buy” rating and issued a $158.00 target price on shares of Signature Bank in a report on Friday, July 14th. Hovde Group upgraded Signature Bank from an “underperform” rating to a “market perform” rating and set a $132.00 target price for the company in a report on Monday, September 11th. FIG Partners restated an “outperform” rating and issued a $150.00 target price on shares of Signature Bank in a report on Monday, October 2nd. Jefferies Group LLC restated a “buy” rating and issued a $169.00 target price on shares of Signature Bank in a report on Wednesday, June 28th. Finally, BMO Capital Markets restated a “hold” rating and issued a $157.00 target price on shares of Signature Bank in a report on Thursday, July 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. Signature Bank presently has an average rating of “Buy” and an average price target of $157.27.

COPYRIGHT VIOLATION NOTICE: “Employees Retirement System of Texas Has $3.29 Million Holdings in Signature Bank (SBNY)” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/09/employees-retirement-system-of-texas-has-3-29-million-holdings-in-signature-bank-sbny.html.

Signature Bank Profile

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.

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

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