StockNews.com Initiates Coverage on Signature Bank (NASDAQ:SBNY)

Stock analysts at StockNews.com initiated coverage on shares of Signature Bank (NASDAQ:SBNY) in a research report issued on Sunday. The brokerage set a “sell” rating on the stock.

Signature Bank Price Performance

Shares of SBNY stock opened at $1.70 on Friday. Signature Bank has a one year low of $0.00 and a one year high of $4.10. The company’s 50-day moving average is $1.94 and its 200 day moving average is $2.45.

Signature Bank Company Profile

As of March 12, 2023, Signature Bank went out of business. Previously, the company provided digital assets banking services and comprised of certain loan portfolios. The company was incorporated in 2000 and is based in New York, New York. Signature Bank now trades on OTCPK.