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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Tue., Feb. 9, 7:31 PM

Slide #17. Signature Bank Secondary Offering

Company: Signature Bank (NASDAQ:SBNY)
Date announced: 1/21/2016
Shares Offered: 2,200,000
Date of Pricing: 1/22/2016
Price Per Share: $136.00
Secondary Offering Details: Signature Bank (NASDAQ:SBNY), a New York-based full service commercial bank, announced today an underwritten public offering of 2.2 million shares of its common stock. The Bank will also grant to the underwriters a 30-day option to purchase up to 330,000 additional shares of common stock. -updated 1/22- Signature Bank (NASDAQ:SBNY), a New York-based full-service commercial bank, announced today the pricing of its underwritten public offering of 2.2 million shares of common stock at $136 per share. The Bank has also granted the underwriters a 30-day option to purchase up to 330,000 additional shares of common stock.

Signature Bank is a commercial bank with private client offices located in the New York metropolitan area. Through its Signature Securities Group Corporation (Signature Securities) subsidiary, Co. provides its clients with investment, brokerage, asset management and insurance products and services. Additionally, through Signature Securities, Co. purchases, securitizes and sells the guaranteed portions of U.S. Small Business Administration loans. Co. operates Signature Financial, LLC, a finance subsidiary focused on equipment finance and leasing, transportation financing and taxi medallion financing. At Dec 31 2014, Co. had total assets of $27.32 billion and deposits of $22.62 billion.

SBNY SEC Filing Email Alerts Service

Open the SBNY Page at The Online Investor »

Company Name:  Signature Bank (New York, NY)
Sector:  Banking & Savings
Number of ETFs Holding SBNY:  58
Total Market Value Held by ETFs:  $450.96M
Total Market Capitalization:  $6.46B
% of Market Cap. Held by ETFs:  6.98%

Open the SBNY Page at The Online Investor (in a new window) »

February 9, 2016    7:31 PM Eastern
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Strong Buy (3.56 out of 4)
69th percentile
(ranked higher than approx. 69% of all stocks covered)
Based on Zacks ABR data;
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