• Return to Headlines

Shares of Signature Bank Fall to a New 52-Week Low

By Amy Schwartz

Shares of Signature Bank (NASDAQ:SBNY) traded at a new 52-week low today of $115.00. Approximately 249,000 shares have changed hands today, as compared to an average 30-day volume of 541,000 shares.

In the past 52 weeks, shares of Signature Bank have traded between the current low of $115.00 and a high of $161.92 and are now at $115.15. The 200-day and 50-day moving averages have moved 0.07% lower and 0.33% lower over the past week, respectively.

Signature Bank is a full service commercial bank that serves privately owned business clients and their owners and senior managers. The Bank offers business and personal banking products and services, as well as investment, brokerage, asset management, and insurance products through its subsidiary, Signature Securities Group Corp.

Signature Bank has overhead space with shares priced $115.15, or 28.7% below the average consensus analyst price target of $161.47. The stock should run into initial resistance at its 50-day moving average (MA) of $128.67 and subsequent resistance at its 200-day MA of $136.98.

SmarTrend is tracking the current trend status for Signature Bank and will alert subscribers who have SBNY in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows signature bank

Ticker(s): SBNY