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

StockNews.com assumed coverage on shares of Signature Bank (NASDAQ:SBNY) in a research note published on Thursday. The brokerage issued a sell rating on the stock.

Signature Bank Stock Up 3.3 %

Shares of Signature Bank stock opened at $1.24 on Thursday. Signature Bank has a 12 month low of $0.00 and a 12 month high of $4.10. The stock’s fifty day simple moving average is $1.67 and its 200 day simple moving average is $2.12.

About Signature Bank

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.