Signature Bank (NASDAQ:SBNY – Get Free Report)’s stock price rose 9.4% during mid-day trading on Friday . The company traded as high as $0.35 and last traded at $0.35. Approximately 615 shares traded hands during trading, a decline of 99% from the average daily volume of 114,492 shares. The stock had previously closed at $0.32.
Signature Bank Trading Up 9.4%
The firm’s fifty day moving average price is $0.42 and its 200 day moving average price is $0.60. The firm has a market capitalization of $22.03 million, a PE ratio of 0.15 and a beta of 11.88.
About Signature Bank
Signature Bank was a full-service commercial bank headquartered in New York City, founded in 2001. It focused on serving privately owned businesses, their owners and senior managers, real estate investors, and private equity firms. The bank operated through relationship-driven banking, providing deposit, lending and treasury management services to a range of corporate and individual clients.
Its core offerings included commercial real estate financing, business and industrial lending, and working capital solutions tailored to owner-managed enterprises.
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