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

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

Signature Bank Stock Performance

SBNY opened at $1.25 on Thursday. The stock’s 50 day simple moving average is $1.33 and its 200 day simple moving average is $1.72. Signature Bank has a 1 year low of $0.30 and a 1 year 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.