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

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

Signature Bank Trading Up 5.3 %

NASDAQ:SBNY opened at $1.00 on Friday. Signature Bank has a 52-week low of $0.02 and a 52-week high of $4.10. The stock has a 50-day simple moving average of $1.14 and a 200 day simple moving average of $1.42.

Signature Bank Company Profile

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.