Does Earnings Surprise History Hold Any Clue for Signature Bank (NASDAQ:SBNY)


Earnings results for Signature Bank (NASDAQ:SBNY)

Signature Bank is estimated to report earnings on 10/15/2020. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 20 analysts’ forecasts, the consensus EPS forecast for the quarter is $2.7800000000000002. The reported EPS for the same quarter last year was $2.75.

Signature Bank last posted its quarterly earnings data on July 21st, 2020. The bank reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.27 by $0.06. The business earned $399.80 million during the quarter, compared to analysts’ expectations of $387.76 million. Signature Bank has generated $10.86 earnings per share over the last year and currently has a price-to-earnings ratio of 8.8. Signature Bank has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, October 15th, 2020 based off prior year’s report dates.

Analyst Opinion on Signature Bank (NASDAQ:SBNY)

15 Wall Street analysts have issued ratings and price targets for Signature Bank in the last 12 months. Their average twelve-month price target is $125.33, predicting that the stock has a possible upside of 47.96%. The high price target for SBNY is $161.00 and the low price target for SBNY is $100.00. There are currently 3 hold ratings, 11 buy ratings and 1 strong buy rating for the stock, resulting in a consensus rating of “Buy.”

Signature Bank has received a consensus rating of Buy. The company’s average rating score is 2.87, and is based on 11 buy ratings, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $125.33, Signature Bank has a forecasted upside of 48.0% from its current price of $84.71. Signature Bank has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Signature Bank (NASDAQ:SBNY)

Signature Bank pays a meaningful dividend of 2.65%, higher than the bottom 25% of all stocks that pay dividends. Signature Bank has only been increasing its dividend for 1 years. The dividend payout ratio of Signature Bank is 20.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Signature Bank will have a dividend payout ratio of 19.39% next year. This indicates that Signature Bank will be able to sustain or increase its dividend.

Insiders buying/selling: Signature Bank (NASDAQ:SBNY)

In the past three months, Signature Bank insiders have not sold or bought any company stock. 91.30% of the stock of Signature Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Signature Bank (NASDAQ:SBNY

Earnings for Signature Bank are expected to grow by 18.22% in the coming year, from $9.77 to $11.55 per share. The P/E ratio of Signature Bank is 8.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 19.74. The P/E ratio of Signature Bank is 8.81, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.53. Signature Bank has a PEG Ratio of 1.00. PEG Ratios around 1 indicate that a company is correctly valued. Signature Bank has a P/B Ratio of 0.95. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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