| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 5/6 |
| Past Performance | 5/6 |
| Financial Health | 6/6 |
| Dividends | 2/6 |
SBNY Stock Overview
Signature Bank provides commercial banking products and services.
Signature Bank Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$188.99 |
| 52 Week High | US$374.76 |
| 52 Week Low | US$179.05 |
| Beta | 1.78 |
| 1 Month Change | -34.42% |
| 3 Month Change | -43.63% |
| 1 Year Change | -20.38% |
| 3 Year Change | 61.49% |
| 5 Year Change | 30.69% |
| Change since IPO | 870.67% |
Recent News & Updates
Signature Bank Tumbles With Crypto Mayhem: Time To Buy
We spoke to Signature Bank Thursday to clarify our understanding of their Signet/Crypto deposit business. The company pointed out that they have deposits only, and SBNY has virtually zero credit risk from any cryptocurrency counterparties. We assume in a worst case scenario that ALL Signature Banks crypto deposits flee, and they reduce their agency portfolio by $13.5 billion and use cash to fund outflows. That would impact EPS by $3.45 next year compared to estimates of $27.27. At under 8x earnings and overall a solid balance sheet, SBNY merits adding shares.
Signature Bank: Impressive Fundamentals But Disappointing Dividend
The management has been able to continuously grow the bank’s book value in the last 10 years which is an impressive record. SBNY reported great first-quarter results with a 15% ROE and a 32% efficiency ratio. The only downside is its disappointing dividend yield of only 0.86% which could be much higher based on its payout ratio.
Signature Bank (NASDAQ:SBNY) Has Re-Affirmed Its Dividend Of US$0.56
Signature Bank ( NASDAQ:SBNY ) will pay a dividend of US$0.56 on the 13th of May. Including this payment, the dividend...
Shareholder Returns
| SBNY | US Banks | US Market | |
|---|---|---|---|
| 7D | -0.1% | 0.3% | 0.5% |
| 1Y | -20.4% | -18.2% | -11.5% |
Return vs Industry: SBNY underperformed the US Banks industry which returned -18.2% over the past year.
Return vs Market: SBNY underperformed the US Market which returned -11.5% over the past year.
Price Volatility
| SBNY volatility | |
|---|---|
| SBNY Average Weekly Movement | 9.9% |
| Banks Industry Average Movement | 4.0% |
| Market Average Movement | 7.9% |
| 10% most volatile stocks in US Market | 17.0% |
| 10% least volatile stocks in US Market | 3.0% |
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.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2000 | 1,854 | Joe DePaolo | https://www.signatureny.com |
Signature Bank provides commercial banking products and services. It accepts various deposit products, including checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, certificates of deposit, and other cash management products. The company provides various lending products comprising commercial and industrial loans, real estate loans, and letters of credit.
Signature Bank Fundamentals Summary
| SBNY fundamental statistics | |
|---|---|
| Market Cap | US$11.83b |
| Earnings (TTM) | US$1.03b |
| Revenue (TTM) | US$2.15b |
11.4x
P/E Ratio1.4x
P/B RatioIs SBNY overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SBNY income statement (TTM) | |
|---|---|
| Revenue | US$2.15b |
| Cost of Revenue | US$0 |
| Gross Profit | US$2.15b |
| Other Expenses | US$1.12b |
| Earnings | US$1.03b |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 16.52 |
| Gross Margin | 100.00% |
| Net Profit Margin | 47.90% |
| Debt/Equity Ratio | 39.9% |
How did SBNY perform over the long term?
See historical performance and comparisonDividends
1.2%
Current Dividend Yield13%
Payout RatioValuation
Is Signature Bank undervalued compared to its fair value and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SBNY ($188.99) is trading below our estimate of fair value ($513.45)
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 (11.4x) compared to the US Banks industry average (9.7x).
PE vs Market: SBNY is good value based on its PE Ratio (11.4x) compared to the US market (15.5x).
Price to Earnings Growth Ratio
PEG Ratio: SBNY is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: SBNY is overvalued based on its PB Ratio (1.4x) 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 12 analysts?
Future Growth Score
5/6Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
20.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SBNY's forecast earnings growth (20.2% per year) is above the savings rate (1.9%).
Earnings vs Market: SBNY's earnings (20.2% per year) are forecast to grow faster than the US market (12.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SBNY's revenue (21.1% per year) is forecast to grow faster than the US market (7.8% per year).
High Growth Revenue: SBNY's revenue (21.1% per year) is forecast to grow faster 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 (18.4%).
Past Performance
How has Signature Bank performed over the past 5 years?
Past Performance Score
5/6Past Performance Score 5/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
17.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SBNY has high quality earnings.
Growing Profit Margin: SBNY's current net profit margins (47.9%) are higher than last year (41.6%).
Past Earnings Growth Analysis
Earnings Trend: SBNY's earnings have grown by 17.4% per year over the past 5 years.
Accelerating Growth: SBNY's earnings growth over the past year (69.4%) exceeds its 5-year average (17.4% per year).
Earnings vs Industry: SBNY earnings growth over the past year (69.4%) exceeded the Banks industry 20.9%.
Return on Equity
High ROE: SBNY's Return on Equity (13%) is considered low.
Financial Health
How is Signature Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score
6/6Financial Health Score 6/6
Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: SBNY's Assets to Equity ratio (14.9x) is moderate.
Allowance for Bad Loans: SBNY has a sufficient allowance for bad loans (259%).
Low Risk Liabilities: 96% 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 (54%).
Low Risk Deposits: SBNY's Loans to Deposits ratio (60%) is appropriate.
Level of Bad Loans: SBNY has an appropriate level of bad loans (0.3%).
Dividend
What is Signature Bank current dividend yield, its reliability and sustainability?
Dividend Score
2/6Dividend Score 2/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
1.19%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SBNY's dividend (1.19%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: SBNY's dividend (1.19%) is low compared to the top 25% of dividend payers in the US market (4.07%).
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 4 years, and since then payments have not increased.
Current Payout to Shareholders
Earnings Coverage: With its low payout ratio (13%), SBNY's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SBNY's dividends in 3 years are forecast to be thoroughly covered by earnings (8.5% payout ratio).
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
9.2yrs
Average management tenure
CEO
Joe DePaolo (62 yo)
22.33yrs
Tenure
US$8,975,851
Compensation
Mr. Joseph John DePaolo, also known as Joe, is Co-Founder of Signature Bank and has been its the Chief Executive Officer and President since 2000. Mr. DePaolo has been a Director of Signature Bank since 20...
CEO Compensation Analysis
Compensation vs Market: Joe's total compensation ($USD8.98M) is below average for companies of similar size in the US market ($USD13.26M).
Compensation vs Earnings: Joe's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: SBNY's management team is seasoned and experienced (9.2 years average tenure).
Board Members
Experienced Board: SBNY's board of directors are considered experienced (6.5 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 9.3%.
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
- Implied Market Cap: US$11.831b
- Shares outstanding: 62.30m
- 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/05/19 00:00 |
| End of Day Share Price | 2022/05/19 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.