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

StockNews.com started coverage on shares of Signature Bank (NASDAQ:SBNY) in a research report report published on Friday morning. The brokerage issued a sell rating on the stock.

Signature Bank Price Performance

Shares of Signature Bank stock opened at $1.25 on Friday. The business has a 50-day moving average price of $1.32 and a 200 day moving average price of $1.69. Signature Bank has a fifty-two week low of $0.30 and a fifty-two week high of $4.10.

Signature Bank Company Profile

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.