Machina Capital S.A.S. grew its holdings in shares of Signature Bank (NASDAQ:SBNY) by 362.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 458 shares of the bank’s stock after purchasing an additional 359 shares during the period. Machina Capital S.A.S.’s holdings in Signature Bank were worth $55,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Jane Street Group LLC acquired a new position in shares of Signature Bank in the 4th quarter valued at $866,000. Thrivent Financial for Lutherans increased its holdings in shares of Signature Bank by 5.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 13,677 shares of the bank’s stock valued at $1,406,000 after acquiring an additional 729 shares during the period. Legal & General Group Plc increased its holdings in shares of Signature Bank by 16.1% in the 4th quarter. Legal & General Group Plc now owns 126,289 shares of the bank’s stock valued at $12,984,000 after acquiring an additional 17,504 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Signature Bank by 3.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 54,127 shares of the bank’s stock valued at $5,565,000 after acquiring an additional 1,958 shares during the period. Finally, Amalgamated Bank increased its holdings in shares of Signature Bank by 32.0% in the 4th quarter. Amalgamated Bank now owns 11,903 shares of the bank’s stock valued at $1,224,000 after acquiring an additional 2,887 shares during the period. 92.27% of the stock is currently owned by institutional investors.

SBNY traded down $0.62 during trading on Monday, hitting $125.90. The stock had a trading volume of 1,252 shares, compared to its average volume of 345,840. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 11.22, a P/E/G ratio of 1.08 and a beta of 1.37. The business has a 50-day moving average of $121.23. Signature Bank has a twelve month low of $98.54 and a twelve month high of $137.93.

Signature Bank (NASDAQ:SBNY) last posted its quarterly earnings results on Thursday, July 18th. The bank reported $2.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.71 by $0.01. Signature Bank had a net margin of 32.59% and a return on equity of 13.61%. The business had revenue of $334.88 million for the quarter, compared to analysts’ expectations of $333.25 million. During the same period in the prior year, the company posted $2.83 EPS. As a group, analysts predict that Signature Bank will post 10.91 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.56%. Signature Bank’s dividend payout ratio (DPR) is presently 19.86%.

A number of brokerages have recently commented on SBNY. Morgan Stanley raised shares of Dongfeng Motor Group from an “equal weight” rating to an “overweight” rating in a report on Monday, July 1st. BMO Capital Markets raised shares of Tourmaline Oil from a “market perform” rating to an “outperform” rating in a report on Thursday, May 30th. Wedbush reaffirmed an “outperform” rating and issued a $124.00 target price on shares of New Relic in a report on Wednesday, May 15th. BidaskClub raised shares of Xilinx from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Realogy from $14.00 to $12.00 and set an “underweight” rating on the stock in a research note on Thursday, April 4th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $144.50.

Signature Bank Company Profile

Signature Bank provides various business and personal banking products and services. It accepts various deposit products, including commercial checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, interest-bearing and non-interest-bearing checking accounts, certificates of deposit, time deposits, and other cash management products.

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

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