Buy, Sell or Hold? before and after EPS results Signature Bank (NASDAQ:SBNY)

Earnings results for Signature Bank (NASDAQ:SBNY)

Signature Bank is estimated to report earnings on 10/19/2021. 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 17 analysts’ forecasts, the consensus EPS forecast for the quarter is $3.63. The reported EPS for the same quarter last year was $2.62.

Signature Bank last posted its quarterly earnings data on July 19th, 2021. The bank reported $3.57 EPS for the quarter, beating analysts’ consensus estimates of $3.13 by $0.44. The company had revenue of $480.59 million for the quarter, compared to analyst estimates of $467.43 million. Signature Bank has generated $9.96 earnings per share over the last year ($12.69 diluted earnings per share) and currently has a price-to-earnings ratio of 23.6. Earnings for Signature Bank are expected to grow by 16.40% in the coming year, from $14.21 to $16.54 per share. Signature Bank has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, October 19th, 2021 based off prior year’s report dates.

Analyst Opinion on Signature Bank (NASDAQ:SBNY)

According to the issued ratings of 15 analysts in the last year, the consensus rating for Signature Bank stock is Buy based on the current 14 buy ratings and 1 strong buy rating for SBNY. The average twelve-month price target for Signature Bank is $291.00 with a high price target of $390.00 and a low price target of $140.00.

on SBNY’s analyst rating history

Signature Bank has received a consensus rating of Buy. The company’s average rating score is 3.07, and is based on 14 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $291.00, Signature Bank has a forecasted downside of 3.0% from its current price of $299.96. 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 has a dividend yield of 0.77%, which is in 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 22.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Signature Bank will have a dividend payout ratio of 13.54% 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.

Earnings and Valuation of Signature Bank (NASDAQ:SBNY

Earnings for Signature Bank are expected to grow by 16.40% in the coming year, from $14.21 to $16.54 per share. The P/E ratio of Signature Bank is 23.64, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.69. The P/E ratio of Signature Bank is 23.64, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 14.51. Signature Bank has a PEG Ratio of 1.95. PEG Ratios above 1 indicate that a company could be overvalued. Signature Bank has a P/B Ratio of 2.76. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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