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SBNY

Signature BankNasdaqGS:SBNY Stock Report

Market Cap

US$15.1b

7D

-1.0%

1Y

210.4%

Updated

23 Sep, 2021

Data

Company Financials +
SBNY fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance5/6
Financial Health6/6
Dividends2/6

SBNY Overview

Signature Bank commercial banking products and services.

Signature Bank Competitors

SVB Financial Group

NasdaqGS:SIVB

US$35.7b

First Republic Bank

NYSE:FRC

US$34.5b

Fifth Third Bancorp

NasdaqGS:FITB

US$27.0b

Huntington Bancshares

NasdaqGS:HBAN

US$21.4b

Price History & Performance

Summary of all time highs, changes and price drops for Signature Bank
Historical stock prices
Current Share PriceUS$260.98
52 Week HighUS$71.45
52 Week LowUS$272.54
Beta2.02
1 Month Change1.25%
3 Month Change1.77%
1 Year Change210.36%
3 Year Change129.17%
5 Year Change122.55%
Change since IPO1,240.42%

Recent News & Updates

Shareholder Returns

SBNYUS BanksUS Market
7D-1.0%2.5%-0.5%
1Y210.4%80.0%37.5%

Return vs Industry: SBNY exceeded the US Banks industry which returned 75.2% over the past year.

Return vs Market: SBNY exceeded the US Market which returned 36.2% over the past year.

Price Volatility

Is SBNY's price volatile compared to industry and market?
SBNY volatility
SBNY Beta2.02
Industry Beta1.37
Market Beta1

Stable Share Price: SBNY is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: SBNY's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20001,652Joe DePaolohttps://www.signatureny.com

Signature Bank commercial banking products and services. It accepts various deposit products, including commercial checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, interest-bearing and non-interest-bearing checking accounts, certificates of deposit, time deposits, and other cash management products. The company also offers loan products comprising commercial and industrial loans; real estate loans; temporary financing for commercial and residential properties; letters of credit; and personal lines of credit and loans to acquire personal assets, as well as asset-based lending, pay check protection loans, main street lending program loans, and credit card accounts.

Signature Bank Fundamentals Summary

How do Signature Bank's earnings and revenue compare to its market cap?
SBNY fundamental statistics
Market CapUS$15.14b
Earnings (TTM)US$695.68m
Revenue (TTM)US$1.62b

22.5x

P/E Ratio

2.3x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SBNY income statement (TTM)
RevenueUS$1.62b
Cost of RevenueUS$0
Gross ProfitUS$1.62b
ExpensesUS$928.77m
EarningsUS$695.68m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)12.80
Gross Margin100.00%
Net Profit Margin42.83%
Debt/Equity Ratio51.1%

How did SBNY perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

18%

Payout Ratio

Valuation

Is Signature Bank undervalued compared to its fair value and its price relative to the market?

28.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SBNY ($260.98) is trading below our estimate of fair value ($362.32)

Significantly Below Fair Value: SBNY is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SBNY is poor value based on its PE Ratio (22.5x) compared to the US Banks industry average (10.7x).

PE vs Market: SBNY is poor value based on its PE Ratio (22.5x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: SBNY is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: SBNY is overvalued based on its PB Ratio (2.3x) compared to the US Banks industry average (1.1x).


Future Growth

How is Signature Bank forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

20.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SBNY's forecast earnings growth (20.9% per year) is above the savings rate (2%).

Earnings vs Market: SBNY's earnings (20.9% per year) are forecast to grow faster than the US market (14.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SBNY's revenue (19.1% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: SBNY's revenue (19.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SBNY's Return on Equity is forecast to be low in 3 years time (13.7%).


Past Performance

How has Signature Bank performed over the past 5 years?

11.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SBNY has high quality earnings.

Growing Profit Margin: SBNY's current net profit margins (42.8%) are higher than last year (39.6%).


Past Earnings Growth Analysis

Earnings Trend: SBNY's earnings have grown by 11.3% per year over the past 5 years.

Accelerating Growth: SBNY's earnings growth over the past year (36.3%) exceeds its 5-year average (11.3% per year).

Earnings vs Industry: SBNY earnings growth over the past year (36.3%) exceeded the Banks industry 36%.


Return on Equity

High ROE: SBNY's Return on Equity (10.5%) is considered low.


Financial Health

How is Signature Bank's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: SBNY's Assets to Equity ratio (14.2x) is moderate.

Allowance for Bad Loans: SBNY has a sufficient allowance for bad loans (378%).

Low Risk Liabilities: 95% of SBNY's liabilities are made up of primarily low risk sources of funding.

Loan Level: SBNY has an appropriate level of Loans to Assets ratio (56%).

Low Risk Deposits: SBNY's Loans to Deposits ratio (63%) is appropriate.

Level of Bad Loans: SBNY has an appropriate level of bad loans (0.2%).


Dividend

What is Signature Bank current dividend yield, its reliability and sustainability?

0.86%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SBNY's dividend (0.86%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: SBNY's dividend (0.86%) is low compared to the top 25% of dividend payers in the US market (3.63%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, SBNY has been paying a dividend for less than 10 years.

Growing Dividend: SBNY has only been paying a dividend for 3 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (17.5%), SBNY's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SBNY's dividends in 3 years are forecast to be thoroughly covered by earnings (12.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.9yrs

Average management tenure


CEO

Joe DePaolo (62 yo)

21.67yrs

Tenure

US$6,675,483

Compensation

Mr. Joseph John DePaolo, also known as Joe, is Co-Founder of Signature Bank and has been its the Chief Executive Officer and President since 2000. Mr. DePaolo has been a Director of Signature Bank since 20...


CEO Compensation Analysis

Compensation vs Market: Joe's total compensation ($USD6.68M) is below average for companies of similar size in the US market ($USD11.36M).

Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: SBNY's management team is seasoned and experienced (6.9 years average tenure).


Board Members

Experienced Board: SBNY's board of directors are considered experienced (6.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.9%.


Top Shareholders

Company Information

Signature Bank's employee growth, exchange listings and data sources


Key Information

  • Name: Signature Bank
  • Ticker: SBNY
  • Exchange: NasdaqGS
  • Founded: 2000
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$15.142b
  • Shares outstanding: 59.91m
  • Website: https://www.signatureny.com

Number of Employees


Location

  • Signature Bank
  • 565 Fifth Avenue
  • New York
  • New York
  • 10017
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 23:00
End of Day Share Price2021/09/23 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.