Signature Bank (NASDAQ:SBNY) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Signature Bank (NASDAQ:SBNY) in a research report issued to clients and investors on Thursday. The brokerage set a “sell” rating on the stock.

Signature Bank Price Performance

Shares of NASDAQ SBNY opened at $0.94 on Thursday. Signature Bank has a 52-week low of $0.02 and a 52-week high of $4.10. The business’s 50 day moving average is $1.17 and its two-hundred day moving average is $1.46.

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.