Signature Bank (NASDAQ:SBNYP) Trading Down 0.5% – Here’s Why

Shares of Signature Bank (NASDAQ:SBNYPGet Free Report) fell 0.5% during mid-day trading on Friday . The company traded as low as $4.05 and last traded at $4.05. 1,600 shares traded hands during trading, a decline of 99% from the average session volume of 119,613 shares. The stock had previously closed at $4.07.

Signature Bank Stock Performance

The stock’s 50-day moving average price is $3.79 and its 200-day moving average price is $3.76.

Signature Bank Company Profile

(Get Free Report)

Signature Bank provides commercial banking products and services. It accepts various deposit products, including checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, certificates of deposit, and other cash management products. The company provides various lending products comprising commercial and industrial loans, real estate loans, and letters of credit.

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