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

StockNews.com assumed coverage on shares of Signature Bank (NASDAQ:SBNY) in a report released on Friday. The firm issued a sell rating on the stock.

Signature Bank Stock Performance

NASDAQ:SBNY opened at $1.00 on Friday. The stock’s 50 day moving average price is $1.14 and its 200 day moving average price is $1.42. Signature Bank has a 52 week low of $0.02 and a 52 week 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.