NasdaqGS:SBNY

Stock Analysis Report

Executive Summary

Signature Bank provides various business and personal banking products and services.

Snowflake

Fundamentals

Flawless balance sheet with proven track record.


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


Market Performance


7 Day Return

-1.2%

NasdaqGS:SBNY

-2.5%

US Banks

-0.7%

US Market


1 Year Return

1.6%

NasdaqGS:SBNY

-14.2%

US Banks

-0.5%

US Market

SBNY outperformed the Banks industry which returned -14.2% over the past year.

SBNY outperformed the Market in United States of America which returned -0.4% over the past year.


Share holder returns

SBNYIndustryMarket
7 Day-1.2%-2.5%-0.7%
30 Day-3.6%-6.1%-3.0%
90 Day1.6%-3.8%0.9%
1 Year3.4%1.6%-11.8%-14.2%1.7%-0.5%
3 Year4.2%1.8%42.1%32.4%39.5%30.4%
5 Year3.2%0.9%53.3%36.7%54.1%37.0%

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

Valuation

Is Signature Bank undervalued based on future cash flows and its price relative to the stock market?

24%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Signature Bank's share price is below the future cash flow value, and at a moderate discount (> 20%).

Signature Bank's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Signature Bank is good value based on earnings compared to the US Banks industry average.

Signature Bank is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Signature Bank is poor value based on expected growth next year.


Price Based on Value of Assets

Signature Bank is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Signature Bank expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

5.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Signature Bank's revenue is expected to grow by 8.8% yearly, however this is not considered high growth (20% yearly).

Signature Bank's earnings are expected to grow by 5.4% yearly, however this is not considered high growth (20% yearly).

Signature Bank's revenue growth is expected to exceed the United States of America market average.

Signature Bank's earnings growth is positive but not above the United States of America market average.

Signature Bank's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Signature Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Signature Bank performed over the past 5 years?

12.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Signature Bank's year on year earnings growth rate has been positive over the past 5 years.

Signature Bank's 1-year earnings growth exceeds its 5-year average (41.6% vs 12.4%)

Signature Bank's earnings growth has exceeded the US Banks industry average in the past year (41.6% vs 33.3%).


Return on Equity

Signature Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Signature Bank used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Signature Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


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

Information is not available.

Information is not available.


Financial Institutions Analysis

Signature Bank has an acceptable proportion of non-loan assets held.

Signature Bank has a sufficient allowance for bad loans.

Signature Bank's liabilities are made up of primarily low risk sources of funding.

Signature Bank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Loans at Signature Bank are broadly funded by customer deposits.

Signature Bank has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

1.94%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Signature Bank's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Signature Bank's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

It is too early to tell whether Signature Bank has stable dividend payments.

Signature Bank only just started paying a dividend, it is too early to tell if payments are increasing.


Current Payout to Shareholders

Dividends paid are well covered by earnings (5x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (5.1x coverage).


Next Steps

Management

What is the CEO of Signature Bank's salary, the management and board of directors tenure and is there insider trading?

14.8yrs

Average management tenure


CEO

Joe DePaolo (60yo)

18.6yrs

Tenure

US$8,667,124

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

Joe's remuneration is about average for companies of similar size in United States of America.

Joe's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

14.8yrs

Average Tenure

60yo

Average Age

The average tenure for the Signature Bank management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

13.9yrs

Average Tenure

61yo

Average Age

The average tenure for the Signature Bank board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

Signature Bank individual insiders have only sold shares in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

SellUS$35,30113 Jun 19
Judith Huntington
EntityIndividual
Role
Member of the Board of Directors
Director
Shares300
Max PriceUS$117.67
SellUS$529,04030 Apr 19
Peter Quinlan
EntityIndividual
Shares4,000
Max PriceUS$132.26
SellUS$534,15623 Apr 19
Michael Sharkey
EntityIndividual
Role
Chief Technology Officer
Senior VP & CTO
Shares4,200
Max PriceUS$127.18
BuyUS$315,25012 Apr 19
Derrick Cephas
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,500
Max PriceUS$126.10
BuyUS$473,00112 Apr 19
Peter Quinlan
EntityIndividual
Shares3,751
Max PriceUS$126.10
BuyUS$567,57612 Apr 19
Scott Shay
EntityIndividual
Role
Chairman of the Board
Co-Founder & Chairman of the Board
Shares4,501
Max PriceUS$126.10
BuyUS$255,98312 Apr 19
Michael Sharkey
EntityIndividual
Role
Chief Technology Officer
Senior VP & CTO
Shares2,030
Max PriceUS$126.10
BuyUS$255,98312 Apr 19
Vito Susca
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares2,030
Max PriceUS$126.10
BuyUS$473,00112 Apr 19
Mark Sigona
EntityIndividual
Role
Chief Operating Officer
Executive VP & COO
Shares3,751
Max PriceUS$126.10
BuyUS$315,25012 Apr 19
Judith Huntington
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,500
Max PriceUS$126.10
BuyUS$315,25012 Apr 19
Barney Frank
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,500
Max PriceUS$126.10
BuyUS$709,56512 Apr 19
Joseph DePaolo
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares5,627
Max PriceUS$126.10
BuyUS$473,00112 Apr 19
John Tamberlane
EntityIndividual
Role
Vice Chairman
Co-Founder & Vice Chairman
Shares3,751
Max PriceUS$126.10
BuyUS$190,03312 Apr 19
Patrick Donegan
EntityIndividual
Shares1,507
Max PriceUS$126.10
BuyUS$315,25012 Apr 19
Kathryn Byrne
EntityIndividual
Role
Lead Director
Lead Director
Shares2,500
Max PriceUS$126.10
BuyUS$315,25012 Apr 19
Jeffrey Meshel
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,500
Max PriceUS$126.10
BuyUS$315,25012 Apr 19
Alfonse D'Amato
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,500
Max PriceUS$126.10
BuyUS$473,00112 Apr 19
Eric Howell
EntityIndividual
Role
Head of Investor Relations
Executive Vice President of Corporate & Business Development
Shares3,751
Max PriceUS$126.10
SellUS$2,183,35912 Apr 19
Eric Howell
EntityIndividual
Role
Head of Investor Relations
Executive Vice President of Corporate & Business Development
Shares17,561
Max PriceUS$124.33
SellUS$1,534,48112 Apr 19
Peter Quinlan
EntityIndividual
Shares12,342
Max PriceUS$124.33
SellUS$1,913,19012 Apr 19
Scott Shay
EntityIndividual
Role
Chairman of the Board
Co-Founder & Chairman of the Board
Shares15,388
Max PriceUS$124.33
SellUS$842,08712 Apr 19
Michael Sharkey
EntityIndividual
Role
Chief Technology Officer
Senior VP & CTO
Shares6,773
Max PriceUS$124.33
SellUS$871,92612 Apr 19
Vito Susca
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares7,013
Max PriceUS$124.33
SellUS$1,406,91812 Apr 19
Mark Sigona
EntityIndividual
Role
Chief Operating Officer
Executive VP & COO
Shares11,316
Max PriceUS$124.33
SellUS$1,534,48112 Apr 19
John Tamberlane
EntityIndividual
Role
Vice Chairman
Co-Founder & Vice Chairman
Shares12,342
Max PriceUS$124.33
SellUS$87,15512 Apr 19
Thomas Kasulka
EntityIndividual
Shares701
Max PriceUS$124.33
SellUS$48,36412 Apr 19
Brian Twomey
EntityIndividual
Shares389
Max PriceUS$124.33
SellUS$127,68712 Apr 19
Patrick Donegan
EntityIndividual
Shares1,027
Max PriceUS$124.33
SellUS$3,322,22212 Apr 19
Joseph DePaolo
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares26,721
Max PriceUS$124.33
SellUS$67,00010 Apr 19
Judith Huntington
EntityIndividual
Role
Member of the Board of Directors
Director
Shares500
Max PriceUS$134.00
SellUS$68,08020 Feb 19
Judith Huntington
EntityIndividual
Role
Member of the Board of Directors
Director
Shares500
Max PriceUS$136.16
SellUS$3,130,50028 Jan 19
Michael Sharkey
EntityIndividual
Role
Chief Technology Officer
Senior VP & CTO
Shares25,000
Max PriceUS$125.22
SellUS$62,19522 Jan 19
Judith Huntington
EntityIndividual
Role
Member of the Board of Directors
Director
Shares500
Max PriceUS$124.39
SellUS$45,19817 Dec 18
Judith Huntington
EntityIndividual
Role
Member of the Board of Directors
Director
Shares415
Max PriceUS$108.91
BuyUS$64,21415 Nov 18
Mark Sigona
EntityIndividual
Role
Chief Operating Officer
Executive VP & COO
Shares551
Max PriceUS$116.54
SellUS$44,44401 Nov 18
Barney Frank
EntityIndividual
Role
Member of the Board of Directors
Director
Shares400
Max PriceUS$111.11
SellUS$451,76029 Oct 18
Peter Quinlan
EntityIndividual
Shares4,000
Max PriceUS$112.94

Ownership Breakdown


Management Team

  • Scott Shay (61yo)

    Co-Founder & Chairman of the Board

    • Tenure: 18.6yrs
    • Compensation: US$5.66m
  • Thomas Rogers

    Head of Private Client Group Team

    • Tenure: 0.0yrs
  • Joe DePaolo (60yo)

    Co-Founder

    • Tenure: 18.6yrs
    • Compensation: US$8.67m
  • John Tamberlane (77yo)

    Co-Founder & Vice Chairman

    • Tenure: 18.6yrs
    • Compensation: US$4.43m
  • Mark Sigona (57yo)

    Executive VP & COO

    • Tenure: 14.8yrs
    • Compensation: US$4.40m
  • Michael Sharkey (61yo)

    Senior VP & CTO

    • Tenure: 14.8yrs
  • Craig Spatz

    Senior VP & Group Director of Woodmere Office

    • Tenure: 14.8yrs
  • Eric Howell (49yo)

    Executive Vice President of Corporate & Business Development

    • Tenure: 0.0yrs
    • Compensation: US$4.23m
  • Vito Susca (50yo)

    Executive VP & CFO

    • Tenure: 6.3yrs
    • Compensation: US$2.63m
  • Ana Harris

    Director

    • Tenure: 0.0yrs

Board Members

  • Scott Shay (61yo)

    Co-Founder & Chairman of the Board

    • Tenure: 18.6yrs
    • Compensation: US$5.66m
  • Derrick Cephas (67yo)

    Director

    • Tenure: 3.3yrs
    • Compensation: US$440.25k
  • Alfonse D'Amato (81yo)

    Director

    • Tenure: 14.1yrs
    • Compensation: US$429.75k
  • Joe DePaolo (60yo)

    Co-Founder

    • Tenure: 18.6yrs
    • Compensation: US$8.67m
  • John Tamberlane (77yo)

    Co-Founder & Vice Chairman

    • Tenure: 18.6yrs
    • Compensation: US$4.43m
  • Jeffrey Meshel (61yo)

    Director

    • Tenure: 13.9yrs
    • Compensation: US$423.25k
  • Kathryn Byrne (53yo)

    Lead Director

    • Tenure: 4.2yrs
    • Compensation: US$431.75k
  • John Sullivan (48yo)

    Member of the Advisory Board

    • Tenure: 0.0yrs
  • Judith Huntington (55yo)

    Director

    • Tenure: 6.3yrs
    • Compensation: US$441.75k
  • Barney Frank (78yo)

    Director

    • Tenure: 4.2yrs
    • Compensation: US$413.75k

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$6.432b
  • Shares outstanding: 53.86m
  • Website: https://www.signatureny.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SBNYNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDMar 2004
TQJDB (Deutsche Boerse AG)YesCommon StockDEEURMar 2004
SBNY *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNMar 2004
SBNY34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 1 REP 0.5 COM USD0.01BRBRLMay 2019

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/18 23:56
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.