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

Research analysts at StockNews.com initiated coverage on shares of Signature Bank (NASDAQ:SBNY) in a research report issued to clients and investors on Saturday. The firm set a “sell” rating on the stock.

Signature Bank Stock Performance

Shares of SBNY opened at $1.23 on Friday. The company’s fifty day moving average is $1.32 and its two-hundred day moving average is $1.66. Signature Bank has a fifty-two week low of $0.30 and a fifty-two week high of $4.10.

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.