StockNews.com Initiates Coverage on Signature Bank (NASDAQ:SBNY)

Equities researchers at StockNews.com began coverage on shares of Signature Bank (NASDAQ:SBNY) in a note issued to investors on Tuesday. The brokerage set a “sell” rating on the stock.

Signature Bank Price Performance

NASDAQ:SBNY opened at $1.15 on Tuesday. The company has a 50 day simple moving average of $1.22 and a two-hundred day simple moving average of $1.53. Signature Bank has a 12 month low of $0.02 and a 12 month high of $4.10.

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.