Signature Bank (NASDAQ:SBNYP) Stock Price Down 12.9% – Time to Sell?

Signature Bank (NASDAQ:SBNYP) traded down 12.9% during mid-day trading on Friday . The stock traded as low as $3.00 and last traded at $3.05. 8,000 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 119,613 shares. The stock had previously closed at $3.50.

Signature Bank Trading Down 12.9%

The stock has a 50-day moving average price of $3.93 and a 200 day moving average price of $4.23.

About Signature Bank

Signature Bank (NASDAQ: SBNYP) is a full-service commercial bank headquartered in New York, New York. Since its founding in 2001, the bank has focused on delivering relationship-based banking and lending solutions to privately owned businesses, their owners and senior managers. With a strong emphasis on client service, Signature Bank has built a reputation for personalized attention and rapid decision-making in its core markets.

The bank’s product suite includes commercial real estate lending, working capital financing, commercial deposit accounts and treasury management services.