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NEW YORK ( TheStreet) -- Signature Bank (Nasdaq: SBNY) hit a new 52-week high Friday as it is currently trading at $64.62, above its previous 52-week high of $64.51 with 110,266 shares traded as of 9:30 a.m. ET. Average volume has been 501,500 shares over the past 30 days. Signature has a market cap of $2.48 billion and is part of the financial sector and banking industry. Shares are up 7.2% year to date as of the close of trading on Thursday. Signature Bank, together with its subsidiaries, engages in the provision of business and personal banking products and services. The company has a P/E ratio of 18.6, below the average banking industry P/E ratio of 21.8 and above the S&P 500 P/E ratio of 17.7.