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

Equities researchers at StockNews.com started coverage on shares of Signature Bank (NASDAQ:SBNY) in a research report issued on Friday. The firm set a “sell” rating on the stock.

Signature Bank Stock Up 5.0 %

NASDAQ SBNY opened at $2.09 on Friday. Signature Bank has a 52 week low of $0.00 and a 52 week high of $4.10. The firm’s 50-day simple moving average is $3.17 and its two-hundred day simple moving average is $2.07.

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.