Signature Bank (NASDAQ:SBNY) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Signature Bank (NASDAQ:SBNY) in a research note issued to investors on Sunday morning. The firm issued a sell rating on the stock.

Signature Bank Price Performance

NASDAQ SBNY opened at $3.20 on Friday. The business has a fifty day moving average price of $2.64 and a 200 day moving average price of $1.48. Signature Bank has a one year low of $0.00 and a one year high of $3.60.

About Signature Bank

As of March 12, 2023, Signature Bank went out of business. Previously, the company provided digital assets banking services and comprised of certain loan portfolios. The company was incorporated in 2000 and is based in New York, New York. Signature Bank now trades on OTCPK.