Signature Bank (NASDAQ:SBNY) Shares Up 19.4% – Here’s What Happened
by Danessa Lincoln · The Markets DailySignature Bank (NASDAQ:SBNY – Get Free Report)’s share price traded up 19.4% on Friday . The stock traded as high as $1.20 and last traded at $1.20. 4,141 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 86,747 shares. The stock had previously closed at $1.0050.
Signature Bank Stock Performance
The stock has a 50-day moving average of $0.87 and a two-hundred day moving average of $0.72. The company has a market cap of $75.52 million, a P/E ratio of 0.12 and a beta of 12.61.
About Signature Bank
Signature Bank was a full-service commercial bank headquartered in New York City, founded in 2001. It focused on serving privately owned businesses, their owners and senior managers, real estate investors, and private equity firms. The bank operated through relationship-driven banking, providing deposit, lending and treasury management services to a range of corporate and individual clients.
Its core offerings included commercial real estate financing, business and industrial lending, and working capital solutions tailored to owner-managed enterprises.