Maxim (NASDAQ:MXIM) Group analyst Michael Diana maintained a Buy rating on Signature Bank (NASDAQ:SBNY) on Wednesday, setting a price target of $130, which is approximately 22.18% above the present share price of $106.4.
Diana expects Signature Bank to post earnings per share (EPS) of $1.89 for the second quarter of 2020.
The current consensus among 11 TipRanks analysts is for a Strong Buy rating of shares in Signature Bank, with an average price target of $119.82.
The analysts price targets range from a high of $150 to a low of $100.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $362.44 million and a net profit of $0. The company's market cap is $5.7 billion.
According to TipRanks.com, Maxim Group analyst Michael Diana is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -5.2% and a 47.36% success rate.
Signature Bank engages in the provision of commercial bank services. It operates through the Commercial Banking and Specialty Finance segments. The Commercial Banking segment comprises of commercial real estate lending, commercial and industrial lending, and commercial deposit gathering activities. The Specialty Finance segment consists of financing and leasing products. The company was founded by John Tamberlane, Scott Aaron Shay, and Joseph J. DePaolo in September 2000 and is headquartered in New York, NY.