Signature Bank (NASDAQ:SBNYP) Shares Down 1.4% – Here’s Why

Signature Bank (NASDAQ:SBNYPGet Free Report) dropped 1.4% during mid-day trading on Tuesday . The company traded as low as $3.60 and last traded at $3.60. Approximately 1,738 shares traded hands during trading, a decline of 99% from the average daily volume of 119,613 shares. The stock had previously closed at $3.65.

Signature Bank Price Performance

The firm’s fifty day simple moving average is $4.07 and its 200 day simple moving average is $3.71.

Signature Bank Company Profile

(Get Free Report)

Signature Bank provides commercial banking products and services. It accepts various deposit products, including checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, certificates of deposit, and other cash management products. The company provides various lending products comprising commercial and industrial loans, real estate loans, and letters of credit.

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