Signature Bank stock is trading -39.46% below its average target price of $208.29 after dropping -7.3% during today's afternoon session. Analysts are giving the large-cap Regional Banking company an average rating of buy and target prices ranging from $155 to $350 per share.
The stock has an average amount of shares sold short at 3.8%, and a short ratio of 1.78. Only 0.0% of the company's shares are owned by insiders, indicating that management does not have a deep alignment of interest with its shareholders. Finally, we also note that a significant number of institutional investors are invested in the stock, with 98.0% of Signature Bank's shares being owned by this investor type.
Institutions Invested in Signature Bank
Holder | Shares | Date Reported | Percentage | Value |
---|---|---|---|---|
Vanguard Group, Inc. (The) | 7,171,793 | 2022-09-29 | 11.83% | $904,327,247.00 |
Blackrock Inc. | 4,607,995 | 2022-09-29 | 7.60% | $581,045,135.00 |
Price (T.Rowe) Associates Inc | 3,774,859 | 2022-09-29 | 6.23% | $475,990,850.00 |
Capital International Investors | 3,715,162 | 2022-09-29 | 6.13% | $468,463,356.00 |
State Street Corporation | 3,044,971 | 2022-09-29 | 5.02% | $383,955,621.00 |
Alecta Pensionsforsakring, Omsesidigt | 2,780,000 | 2022-09-29 | 4.58% | $350,544,103.00 |
FMR, LLC | 1,564,336 | 2022-09-29 | 2.58% | $197,254,949.00 |
Parnassus Investments, LLC | 1,295,357 | 2022-09-29 | 2.14% | $163,338,042.00 |
Geode Capital Management, LLC | 1,300,139 | 2022-09-29 | 2.14% | $163,941,028.00 |
Invesco Ltd. | 1,138,482 | 2022-09-29 | 1.88% | $143,556,889.00 |
Top Mutual Funds Invested in Signature Bank
Holder | Shares | Date Reported | Percentage | Value |
---|---|---|---|---|
Vanguard Small-Cap Index Fund | 1,597,752 | 2022-09-29 | 2.64% | $201,468,540.00 |
Vanguard Total Stock Market Index Fund | 1,557,885 | 2022-06-29 | 2.57% | $196,441,510.00 |
Growth Fund Of America Inc | 1,424,691 | 2022-09-29 | 2.35% | $179,646,413.00 |
Vanguard 500 Index Fund | 1,426,474 | 2022-09-29 | 2.35% | $179,871,240.00 |
Vanguard Small Cap Value Index Fund | 1,090,479 | 2022-09-29 | 1.80% | $137,503,950.00 |
Fundamental Investors Inc | 857,967 | 2022-09-29 | 1.42% | $108,185,349.00 |
Parnassus Mid-Cap Fund | 735,841 | 2022-09-29 | 1.21% | $92,785,871.00 |
SPDR S&P 500 ETF Trust | 712,791 | 2022-10-30 | 1.18% | $89,879,382.00 |
Fidelity 500 Index Fund | 679,815 | 2022-09-29 | 1.12% | $85,721,273.00 |
Price (T.Rowe) Mid-Cap Value Fund | 667,863 | 2022-09-29 | 1.10% | $84,214,185.00 |
Besides an analyst consensus of strong upside potential, other market factors point to there being positive market sentiment on Signature Bank.