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

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

Signature Bank Stock Performance

Shares of SBNY opened at $2.10 on Wednesday. Signature Bank has a 1-year low of $0.00 and a 1-year high of $4.10. The company has a 50-day moving average of $2.08 and a 200 day moving average of $2.47.

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.