Signature Bank

Signature Bank commercial banking products and services. It accepts various deposit products, including commercial checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, interest-bearing and non-interest-bearing checking accounts, certificates of deposit, time deposits, and other cash management products. The company also offers loan products comprising commercial and industrial loans; real estate loans; temporary financing for commercial and residential properties; letters of credit; and personal lines of credit and loans to acquire personal assets, as well as asset-based lending, pay check protection loans, main street lending program loans, and credit card accounts. In addition, it provides investment, brokerage, and asset management products and services; retirement products, such as individual retirement accounts and administrative services for retirement vehicles, which include pension, profit sharing, and 401(k) plans to its clients, as well as business retirement accounts; and equipment, transportation, taxi medallion, commercial marine, and municipal and national franchise financing services. Further, the company offers wealth management services to high net worth personal clients; and a range of individual and group insurance products that comprise health, life, disability, and long-term care insurance products as an agent. Additionally, it purchases, securitizes, and sells guaranteed portions of the U.S. small business administration loans. As of December 31, 2020, the company operated 36 private client offices located in the New York metropolitan area, including Connecticut, and in California and North Carolina. Signature Bank was incorporated in 2000 and is headquartered in New York, New York.

Comment:

Fail
Have shareholders been diluted over the past year?

Shareholders have been diluted in the past year
Section 9.3
Pass
Are they forecast to achieve profitability?

The company is currently profitable
Section 5.1
Pass
Are revenue and earnings forecast to grow?

Earnings are forecast to grow by an average of 20.1% per year for the next 3 years
Section 4.1
Pass
Is their dividend sustainable?

Dividend is too low to be a concern
Section 7.0
Pass
Is their share price liquid and stable?

Share price has been stable over the past 3 months
Section 2.1
Pass
Do they have high quality earnings?

The company’s earnings are high quality
Section 5.1
Pass
Have profit margins improved over the past year?

Profit margins improved or SBNY became profitable
Section 5.1
Pass
Do they have sufficient financial data available?

They have sufficient analyst coverage
Section 4.0
Pass
Are there any concerning recent events?

No concerning events detected
Section 2.1
Pass
Do they have meaningful levels of revenue?

Revenue is meaningful ($2B)
Section 5.1
Pass
Do they have a meaningful market capitalization?

Market cap is meaningful ($14B)
Section 10.0
Pass
Do they have negative shareholders equity?

SBNY does not have negative shareholders equity.
Section 6.2

Comment:

Below Fair Value: SBNY ($239.23) is trading below our estimate of fair value ($356.82)

Significantly Below Fair Value: SBNY is trading below fair value by more than 20%.

Comment:

9.08%
BlackRock, Inc. 5,162,093 $1.2b 15.47% 0.02%
8.74%
The Vanguard Group, Inc. 4,969,943 $1.2b 8.12% 0.02%
8.45%
T. Rowe Price Group, Inc. 4,803,078 $1.1b 84.42% 0.09%
6.95%
FMR LLC 3,948,029 $944.5m -7.3% 0.06%
4.4%
Alecta Pensionsförsäkring, ömsesidigt 2,500,000 $598.1m -3.1% 1.25%
3.44%
State Street Global Advisors, Inc. 1,956,024 $467.9m 0.02% 0.02%
2.77%
J.P. Morgan Asset Management, Inc. 1,575,862 $377.0m 7.28% 0.05%
2.63%
Fred Alger Management, LLC 1,494,565 $357.5m 123.02% 0.83%
2.41%
Mackenzie Financial Corporation 1,371,088 $328.0m 39.54% 0.35%
1.62%
Citadel Advisors LLC 918,325 $219.7m -7.3% 0.25%
1.42%
MFS Investment Management, Inc. 808,407 $193.4m -31.07% 0.04%
1.27%
Geode Capital Management, LLC 720,723 $172.4m 6.03% 0.02%
1.18%
BNY Mellon Asset Management 671,172 $160.6m 3.48% 0.03%
1.09%
Parnassus Investments 619,540 $148.2m 0% 0.33%
1.02%
Fort Washington Investment Advisors, Inc. 580,039 $138.8m -25.53% 1.21%
0.88%
Davis Capital Partners, LLC 500,000 $119.6m -9.09% 6.25%
0.88%
Citigroup Inc.,Banking and Securities Investments 498,033 $119.1m 109.52% 0.09%
0.86%
Dimensional Fund Advisors L.P. 488,037 $116.8m -10.1% 0.02%
0.86%
Norges Bank Investment Management 487,608 $116.7m 0% 0.01%
0.83%
Scott Shay 472,690 $113.1m -2.24% no data
0.83%
Northern Trust Global Investments 469,315 $112.3m 13.76% 0.02%
0.8%
Point72 Asset Management, L.P. 455,692 $109.0m 101.8% 0.37%
0.79%
Bain Capital Public Equity, LP 447,856 $107.1m 0% 4.26%
0.75%
Wellington Management Group LLP 424,318 $101.5m 12.29% 0.01%
0.73%
Ceredex Value Advisors LLC 412,750 $98.7m 36.37% 1.08%

Trade active

Trade active