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

Stock analysts at StockNews.com initiated coverage on shares of Signature Bank (NASDAQ:SBNY) in a research report issued on Thursday. The brokerage set a “sell” rating on the stock.

Signature Bank Stock Performance

SBNY opened at $1.00 on Thursday. The firm has a 50-day moving average price of $1.18 and a 200-day moving average price of $1.47. Signature Bank has a twelve month low of $0.02 and a twelve month 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.