Signature Bank (NASDAQ:SBNY – Get Free Report)’s stock price crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $0.25 and traded as high as $0.2650. Signature Bank shares last traded at $0.2650, with a volume of 2,918,505 shares changing hands.
Signature Bank Stock Down 24.5%
The stock has a market cap of $12.59 million, a price-to-earnings ratio of 0.15 and a beta of 12.60. The firm’s 50 day moving average is $0.26 and its two-hundred day moving average is $0.50.
About Signature Bank
Signature Bank was a New York-based full-service commercial bank that served privately owned businesses, their owners and senior managers. Founded in 2001, the bank provided relationship-based banking through private client banking teams and operated primarily in the New York metropolitan area, with additional offices in California and North Carolina.
The bank offered business and personal deposit accounts, commercial lending, commercial real estate financing, multifamily and construction loans, wealth management, and other banking services.
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