Signature Bank
Market Cap
US$8.1b
Last Updated
2021/01/17 23:12 UTC
Data Sources
Company Financials +
Executive Summary
Signature Bank provides various business and personal banking products and services. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and good value.
Similar Companies
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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: SBNY's weekly volatility (10%) has been stable over the past year.
Market Performance
7 Day Return
6.5%
SBNY
0.8%
US Banks
-1.0%
US Market
1 Year Return
10.9%
SBNY
-7.2%
US Banks
19.6%
US Market
Return vs Industry: SBNY exceeded the US Banks industry which returned -7.2% over the past year.
Return vs Market: SBNY underperformed the US Market which returned 19.6% over the past year.
Shareholder returns
| SBNY | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.5% | 0.8% | -1.0% |
| 30 Day | 17.7% | 13.4% | 2.3% |
| 90 Day | 79.6% | 40.1% | 13.1% |
| 1 Year | 13.3%10.9% | -3.8%-7.2% | 22.3%19.6% |
| 3 Year | 1.5%-3.4% | 1.6%-7.1% | 45.3%35.7% |
| 5 Year | 19.8%14.0% | 87.4%63.6% | 124.8%99.8% |
Long-Term 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
1 month ago | Simply Wall St
Would Shareholders Who Purchased Signature Bank's (NASDAQ:SBNY) Stock Five Years Be Happy With The Share price Today?1 month ago | Simply Wall St
Should Signature Bank (NASDAQ:SBNY) Be Part Of Your Dividend Portfolio?2 months ago | Simply Wall St
Is It Smart To Buy Signature Bank (NASDAQ:SBNY) Before It Goes Ex-Dividend?Valuation
Is Signature Bank undervalued compared to its fair value and its price relative to the market?
28.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SBNY ($154.33) is trading below our estimate of fair value ($217.03)
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 (16.2x) compared to the US Banks industry average (12.3x).
PE vs Market: SBNY is good value based on its PE Ratio (16.2x) compared to the US market (21x).
Price to Earnings Growth Ratio
PEG Ratio: SBNY is good value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: SBNY is overvalued based on its PB Ratio (1.6x) compared to the US Banks industry average (1x).
Next Steps
Future Growth
How is Signature Bank forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
16.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SBNY's forecast earnings growth (16.2% per year) is above the savings rate (2%).
Earnings vs Market: SBNY's earnings (16.2% per year) are forecast to grow slower than the US market (21.5% per year).
High Growth Earnings: SBNY's earnings are forecast to grow, but not significantly.
Revenue vs Market: SBNY's revenue (10.9% per year) is forecast to grow faster than the US market (10.3% per year).
High Growth Revenue: SBNY's revenue (10.9% 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 (11.7%).
Next Steps
Past Performance
How has Signature Bank performed over the past 5 years?
10.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SBNY has high quality earnings.
Growing Profit Margin: SBNY's current net profit margins (39.5%) are lower than last year (44.6%).
Past Earnings Growth Analysis
Earnings Trend: SBNY's earnings have grown by 10.3% 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 (-15.8%) over the past year, making it difficult to compare to the Banks industry average (-4.4%).
Return on Equity
High ROE: SBNY's Return on Equity (10.1%) is considered low.
Next Steps
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 (12.8x) is moderate.
Allowance for Bad Loans: SBNY has a sufficient allowance for bad loans (596%).
Low Risk Liabilities: 92% 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 (72%).
Low Risk Deposits: SBNY's Loans to Deposits ratio (84%) is appropriate.
Level of Bad Loans: SBNY has an appropriate level of bad loans (0.2%).
Next Steps
Dividend
What is Signature Bank current dividend yield, its reliability and sustainability?
1.45%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SBNY's dividend (1.45%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: SBNY's dividend (1.45%) is low compared to the top 25% of dividend payers in the US market (3.85%).
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 (23.5%), 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 well covered by earnings (17.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
16.2yrs
Average management tenure
CEO
Joe DePaolo (61 yo)
20yrs
Tenure
US$7,830,542
Compensation
Mr. Joseph John DePaolo, also known as Joe, is Co-Founder of Signature Bank and has been its the Chief Executive Officer and President since 2000. Mr. DePaolo has been a Director of Signature Bank since 20...
CEO Compensation Analysis
Compensation vs Market: Joe's total compensation ($USD7.83M) is about average for companies of similar size in the US market ($USD6.21M).
Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Chairman of the Board | 20yrs | US$5.61m | 0.92% $ 74.6m | |
| Co-Founder | 20yrs | US$7.83m | 0.41% $ 33.4m | |
| Co-Founder & Vice Chairman of the Board | 20yrs | US$4.16m | 0.25% $ 20.0m | |
| Executive VP & CFO | 7.67yrs | US$2.71m | 0.078% $ 6.4m | |
| Executive VP & COO | 16.17yrs | US$4.10m | 0.32% $ 26.1m | |
| Senior VP & CTO | 16.17yrs | no data | no data | |
| Senior Executive Vice President of Corporate & Business Development | no data | US$4.23m | 0.15% $ 12.5m | |
| Senior VP & Chief Human Resources Officer | 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 | 16.25yrs | no data | no data | |
| Senior VP & Group Director | 12.92yrs | no data | no data | |
| Senior VP & Group Director of White Plains - Westchester County N Y | 15.67yrs | no data | no data |
16.2yrs
Average Tenure
61.5yo
Average Age
Experienced Management: SBNY's management team is seasoned and experienced (16.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Chairman of the Board | 20yrs | US$5.61m | 0.92% $ 74.6m | |
| Co-Founder | 20yrs | US$7.83m | 0.41% $ 33.4m | |
| Co-Founder & Vice Chairman of the Board | 20yrs | US$4.16m | 0.25% $ 20.0m | |
| Independent Director | 4.75yrs | US$388.85k | 0.011% $ 911.2k | |
| Independent Director | 15.5yrs | US$383.85k | 0.023% $ 1.9m | |
| Independent Director | 15.33yrs | US$377.85k | 0.039% $ 3.1m | |
| Independent Director | 15.08yrs | US$389.35k | 0.017% $ 1.4m | |
| Member of the Advisory Board | no data | no data | no data | |
| Lead Independent Director | 1yr | US$399.35k | 0.017% $ 1.4m | |
| Independent Director | 5.58yrs | US$365.85k | 0.012% $ 962.4k |
15.3yrs
Average Tenure
62yo
Average Age
Experienced Board: SBNY's board of directors are seasoned and experienced ( 15.3 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Signature Bank's company bio, 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$8.121b
- Shares outstanding: 52.62m
- Website: https://www.signatureny.com
Number of Employees
Location
- Signature Bank
- 565 Fifth Avenue
- New York
- New York
- 10017
- United States
Listings
| 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 | |
| SBNY.P | NasdaqGS (Nasdaq Global Select) | 5% DEP SHS PFD A | US | USD | Dec 2020 |
Biography
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 accou...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/17 23:12 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.