Signature Bank provides various business and personal banking products and services.
Flawless balance sheet and good value.
Share Price & News
How has Signature Bank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SBNY's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: SBNY exceeded the US Banks industry which returned -28.2% over the past year.
Return vs Market: SBNY underperformed the US Market which returned 5% over the past year.
Price Volatility Vs. Market
How volatile is Signature Bank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StIs It Time To Consider Buying Signature Bank (NASDAQ:SBNY)?
1 month ago | Simply Wall StIs Signature Bank's (NASDAQ:SBNY) CEO Paid At A Competitive Rate?
2 months ago | Simply Wall StThis Insider Has Just Sold Shares In Signature Bank (NASDAQ:SBNY)
Is Signature Bank undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SBNY ($104.94) is trading below our estimate of fair value ($157.18)
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 (10.3x) compared to the Banks industry average (9.4x).
PE vs Market: SBNY is good value based on its PE Ratio (10.3x) compared to the US market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: SBNY is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: SBNY is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (0.8x).
How is Signature Bank forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SBNY's forecast earnings growth (14.1% per year) is above the savings rate (2.2%).
Earnings vs Market: SBNY's earnings (14.1% per year) are forecast to grow slower than the US market (22.8% per year).
High Growth Earnings: SBNY's earnings are forecast to grow, but not significantly.
Revenue vs Market: SBNY's revenue (8.5% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: SBNY's revenue (8.5% 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 (11.2%).
How has Signature Bank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SBNY has high quality earnings.
Growing Profit Margin: SBNY's current net profit margins (42.2%) are lower than last year (47.1%).
Past Earnings Growth Analysis
Earnings Trend: SBNY's earnings have grown by 12.2% per year over the past 5 years.
Accelerating Growth: SBNY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SBNY had negative earnings growth (-11.4%) over the past year, making it difficult to compare to the Banks industry average (1.8%).
Return on Equity
High ROE: SBNY's Return on Equity (11.4%) is considered low.
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
Financial Institutions Analysis
Asset Level: SBNY's Assets to Equity ratio (11.1x) is moderate.
Allowance for Bad Loans: SBNY has a sufficient allowance for bad loans (603%).
Low Risk Liabilities: 87% 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 (77%).
Low Risk Deposits: SBNY's Loans to Deposits ratio (96%) is appropriate.
Level of Bad Loans: SBNY has an appropriate level of bad loans (0.1%).
What is Signature Bank current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SBNY's dividend (2.13%) is higher than the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: SBNY's dividend (2.13%) is low compared to the top 25% of dividend payers in the US market (4.5%).
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 2 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (22%), 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 well covered by earnings (20.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Joe DePaolo (61yo)
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 ($USD7.83M) is about average for companies of similar size in the US market ($USD7.33M).
Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.
|Co-Founder & Vice Chairman||19.5yrs||US$4.16m||0.28% $15.7m|
|Executive VP & CFO||7.17yrs||US$2.71m||0.087% $4.8m|
|Executive VP & COO||15.67yrs||US$4.10m||0.32% $17.6m|
|Senior VP & CTO||15.67yrs||no data||no data|
|Executive Vice President of Corporate & Business Development||no data||US$4.23m||0.15% $8.5m|
|Director||no data||no data||no data|
|Head of Private Client Group Team||no data||no data||no data|
|Senior VP & Group Director of Woodmere Office||15.75yrs||no data||no data|
|Senior VP & Group Director||12.42yrs||no data||no data|
Experienced Management: SBNY's management team is seasoned and experienced (15.7 years average tenure).
|Co-Founder & Vice Chairman||19.5yrs||US$4.16m||0.28% $15.7m|
|Co-Founder & Chairman of the Board||19.5yrs||US$5.61m||0.92% $50.7m|
|Independent Director||4.25yrs||US$388.85k||0.013% $724.5k|
|Independent Director||15yrs||US$383.85k||0.023% $1.3m|
|Independent Director||14.83yrs||US$377.85k||0.048% $2.7m|
|Independent Lead Director||5.08yrs||US$389.35k||0.017% $944.2k|
|Member of the Advisory Board||no data||no data||no data|
|Independent Director||7.25yrs||US$399.35k||0.018% $991.7k|
|Independent Director||5.08yrs||US$365.85k||0.014% $790.2k|
Experienced Board: SBNY's board of directors are seasoned and experienced ( 14.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SBNY insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Signature Bank's company bio, employee growth, exchange listings and data sources
- Name: Signature Bank
- Ticker: SBNY
- Exchange: NasdaqGS
- Founded: 2000
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$5.522b
- Shares outstanding: 52.62m
- Website: https://www.signatureny.com
Number of Employees
- Signature Bank
- 565 Fifth Avenue
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SBNY||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Mar 2004|
|TQJ||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Mar 2004|
|SBNY *||BMV (Bolsa Mexicana de Valores)||Yes||Common Stock||MX||MXN||Mar 2004|
|SBNY34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 2 REPR 1 COM SHS USD0.01||BR||BRL||May 2019|
Signature Bank provides various business and personal 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, such as loans secured by commercial and residential properties, and construction 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, mortgages, home equity loans, and credit card accounts. In addition, it provides investment, brokerage, and asset management products and services; retirement products, such as individual retirement accounts and administrative services for retirement vehicles, which include pension, profit sharing, and 401(k) plans to its clients, as well as business retirement accounts; and a range of financing and leasing products consisting of equipment, transportation, taxi medallion, commercial marine, and municipal and national franchise financing services. Further, the company offers wealth management services to high net worth personal clients; and a range of individual and group insurance products that comprise health, life, disability, and long-term care insurance products as an agent. Additionally, it purchases, securitizes, and sells guaranteed portions of the U.S. small business administration loans. As of December 31, 2019, the company operated 31 private client offices located in the New York metropolitan area, Connecticut, and San Francisco. Signature Bank was incorporated in 2000 and is headquartered in New York, New York.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/06 23:56|
|End of Day Share Price||2020/07/06 00:00|
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.