Level Four Advisory Services LLC Has $260,000 Holdings in Signature Bank (SBNY)

Level Four Advisory Services LLC lowered its stake in Signature Bank (NASDAQ:SBNY) by 45.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,824 shares of the bank’s stock after selling 1,504 shares during the period. Level Four Advisory Services LLC’s holdings in Signature Bank were worth $260,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Signature Bank by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 4,277,955 shares of the bank’s stock worth $614,014,000 after purchasing an additional 54,545 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Signature Bank by 2.6% during the 2nd 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 during the last quarter. State Street Corp lifted its position in shares of Signature Bank by 0.4% during the 2nd quarter. State Street Corp now owns 2,624,668 shares of the bank’s stock worth $376,718,000 after purchasing an additional 9,285 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt lifted its position in shares of Signature Bank by 7.8% during the 2nd quarter. Alecta Pensionsforsakring Omsesidigt now owns 2,341,200 shares of the bank’s stock worth $336,032,000 after purchasing an additional 168,772 shares during the last quarter. Finally, TimesSquare Capital Management LLC lifted its position in shares of Signature Bank by 59.1% during the 2nd quarter. TimesSquare Capital Management LLC now owns 983,300 shares of the bank’s stock worth $141,133,000 after purchasing an additional 365,400 shares during the last quarter. 95.77% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on SBNY shares. Deutsche Bank AG cut their price objective on Signature Bank from $178.00 to $162.00 and set a “buy” rating for the company in a research report on Thursday, July 20th. BidaskClub cut Signature Bank from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Morgan Stanley cut their price objective on Signature Bank from $164.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, September 15th. Hovde Group raised Signature Bank from an “underperform” rating to a “market perform” rating and set a $132.00 price objective for the company in a research report on Monday, September 11th. Finally, Wedbush reissued an “outperform” rating and set a $165.00 price objective on shares of Signature Bank in a research report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $154.47.

Shares of Signature Bank (NASDAQ SBNY) traded down 1.80% during trading on Thursday, reaching $122.49. The company had a trading volume of 232,194 shares. Signature Bank has a 12 month low of $113.53 and a 12 month high of $164.23. The company has a market cap of $6.63 billion, a price-to-earnings ratio of 19.62 and a beta of 0.96. The firm has a 50 day moving average price of $124.63 and a 200 day moving average price of $135.51.

Signature Bank (NASDAQ:SBNY) last released its quarterly earnings results on Thursday, October 19th. The bank reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.11. Signature Bank had a net margin of 23.62% and a return on equity of 12.61%. During the same period in the prior year, the business earned $2.11 earnings per share. Analysts predict that Signature Bank will post $7.17 earnings per share for the current year.

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Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Signature Bank by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 4,277,955 shares of the bank’s stock worth $614,014,000 after purchasing an additional 54,545 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Signature Bank by 2.6% during the 2nd 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 during the last quarter. State Street Corp lifted its position in shares of Signature Bank by 0.4% during the 2nd quarter. State Street Corp now owns 2,624,668 shares of the bank’s stock worth $376,718,000 after purchasing an additional 9,285 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt lifted its position in shares of Signature Bank by 7.8% during the 2nd quarter. Alecta Pensionsforsakring Omsesidigt now owns 2,341,200 shares of the bank’s stock worth $336,032,000 after purchasing an additional 168,772 shares during the last quarter. Finally, TimesSquare Capital Management LLC lifted its position in shares of Signature Bank by 59.1% during the 2nd quarter. TimesSquare Capital Management LLC now owns 983,300 shares of the bank’s stock worth $141,133,000 after purchasing an additional 365,400 shares during the last quarter. 95.77% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on SBNY shares. Deutsche Bank AG cut their price objective on Signature Bank from $178.00 to $162.00 and set a “buy” rating for the company in a research report on Thursday, July 20th. BidaskClub cut Signature Bank from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Morgan Stanley cut their price objective on Signature Bank from $164.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, September 15th. Hovde Group raised Signature Bank from an “underperform” rating to a “market perform” rating and set a $132.00 price objective for the company in a research report on Monday, September 11th. Finally, Wedbush reissued an “outperform” rating and set a $165.00 price objective on shares of Signature Bank in a research report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $154.47.

Shares of Signature Bank (NASDAQ SBNY) traded down 1.80% during trading on Thursday, reaching $122.49. The company had a trading volume of 232,194 shares. Signature Bank has a 12 month low of $113.53 and a 12 month high of $164.23. The company has a market cap of $6.63 billion, a price-to-earnings ratio of 19.62 and a beta of 0.96. The firm has a 50 day moving average price of $124.63 and a 200 day moving average price of $135.51.

Signature Bank (NASDAQ:SBNY) last released its quarterly earnings results on Thursday, October 19th. The bank reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.11. Signature Bank had a net margin of 23.62% and a return on equity of 12.61%. During the same period in the prior year, the business earned $2.11 earnings per share. Analysts predict that Signature Bank will post $7.17 earnings per share for the current year.

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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.

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

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