New Lifetime High For Signature Bank (SBNY)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Signature Bank ( SBNY) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Signature Bank as such a stock due to the following factors:

  • SBNY has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $74.9 million.
  • SBNY has traded 59,482 shares today.
  • SBNY is trading at a new lifetime high.

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More details on SBNY:

Signature Bank provides various business and personal banking products and services. SBNY has a PE ratio of 23. Currently there are 13 analysts that rate Signature Bank a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Signature Bank has been 355,300 shares per day over the past 30 days. Signature has a market cap of $7.1 billion and is part of the financial sector and banking industry. Shares are up 13% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Signature Bank as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, good cash flow from operations, impressive record of earnings per share growth and compelling growth in net income. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

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