Signature Bank (NASDAQ:SBNYP – Get Free Report) shares traded up 23.3% on Friday. The company traded as high as $2.00 and last traded at $1.85. 472,500 shares traded hands during mid-day trading, an increase of 295% from the average session volume of 119,613 shares. The stock had previously closed at $1.50.
Signature Bank Stock Performance
The stock’s 50 day simple moving average is $1.29 and its two-hundred day simple moving average is $2.45.
Signature Bank Company Profile
Signature Bank was a New York-based commercial bank that provided banking services to privately owned businesses, middle-market companies, real estate firms and their owners. Its offerings included business and personal deposit accounts, lending, cash management and other banking services, delivered through relationship-focused teams.
Founded in 2001, the bank primarily served clients in the New York metropolitan area and expanded its presence to other U.S. markets. It also operated Signet, a digital payments platform designed to enable business clients to make payments in real time.
Signature Bank ceased operations in March 2023, when the New York State Department of Financial Services closed the bank and appointed the FDIC as receiver.
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