Signature Bank (SBNY) Reaches $129.78 After 5.00% Up Move; Penns Woods Bancorp Has 0.79 Sentiment

June 29, 2018 - By Kurt Siggers

Penns Woods Bancorp Inc (PWOD) investors sentiment decreased to 0.79 in Q1 2018. It’s down -1.21, from 2 in 2017Q4. The ratio has dropped, as 19 hedge funds started new or increased holdings, while 24 sold and decreased their equity positions in Penns Woods Bancorp Inc. The hedge funds in our database now hold: 1.15 million shares, down from 1.17 million shares in 2017Q4. Also, the number of hedge funds holding Penns Woods Bancorp Inc in top ten holdings was flat from 0 to 0 for the same number . Sold All: 11 Reduced: 13 Increased: 15 New Position: 4.

The stock of Signature Bank (NASDAQ:SBNY) is a huge mover today! The stock increased 2.00% or $2.54 during the last trading session, reaching $129.78. About 130,900 shares traded. Signature Bank (NASDAQ:SBNY) has declined 9.96% since June 29, 2017 and is downtrending. It has underperformed by 22.53% the S&P500. Some Historical SBNY News: 21/04/2018 – DJ Signature Bank, Inst Holders, 1Q 2018 (SBNY); 16/03/2018 Signature Bank Announces Availability of Materials for 2018 Annual Shareholders’ Meeting; 17/04/2018 – SIGNATURE BANK APPOINTS VETERAN BANKERS TO HEAD WEST COAST OPERATIONS; FLAGSHIP OFFICE TO OPEN IN SAN FRANCISCO; 22/03/2018 – SIGNATURE BANK SBNY.O : UBS STARTS WITH NEUTRAL RATING: TARGET PRICE $163; 22/03/2018 – Signature Bank Closes Below 50-Day Moving Average: Technicals; 19/04/2018 – Signature Bank 1Q Adj EPS $2.69; 19/04/2018 – Signature Bank 1Q Net $34.58M; 24/04/2018 – Signature Bank Expands Network with Appointment of Two Private Client Banking Teams; 19/04/2018 – Signature Bank 1Q EPS 63c; 23/04/2018 – Research Report Identifies Signature Bank, Concert Pharmaceuticals, Easterly Government Properties, Hilltop, Columbia Banking SThe move comes after 8 months positive chart setup for the $6.97 billion company. It was reported on Jun, 29 by Barchart.com. We have $136.27 PT which if reached, will make NASDAQ:SBNY worth $348.35 million more.

Analysts await Signature Bank (NASDAQ:SBNY) to report earnings on July, 18. They expect $2.81 earnings per share, up 27.15% or $0.60 from last year’s $2.21 per share. SBNY’s profit will be $150.85 million for 11.55 P/E if the $2.81 EPS becomes a reality. After $2.69 actual earnings per share reported by Signature Bank for the previous quarter, Wall Street now forecasts 4.46% EPS growth.

Among 12 analysts covering Signature Bank (NASDAQ:SBNY), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Signature Bank had 19 analyst reports since January 2, 2018 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, January 9 by Wells Fargo. The stock has “Hold” rating by Piper Jaffray on Friday, April 20. Keefe Bruyette & Woods maintained the shares of SBNY in report on Thursday, April 19 with “Buy” rating. The rating was maintained by Maxim Group on Friday, January 19 with “Buy”. The company was maintained on Thursday, January 18 by Piper Jaffray. The rating was maintained by BMO Capital Markets with “Buy” on Thursday, April 19. The rating was upgraded by PiperJaffray to “Overweight” on Wednesday, June 13. The firm earned “Outperform” rating on Friday, April 20 by Wells Fargo. The rating was maintained by Keefe Bruyette & Woods on Thursday, January 18 with “Buy”. The stock of Signature Bank (NASDAQ:SBNY) has “Hold” rating given on Wednesday, January 31 by Hovde Group.

More important recent Signature Bank (NASDAQ:SBNY) news were published by: Investorplace.com which released: “20 Massively Underpriced Stocks Wall Street Expects to Soar” on June 25, 2018, also Businesswire.com published article titled: “Signature Bank to Present at the 2018 Morgan Stanley Financials Conference”, 247Wallst.com published: “Top Analyst Upgrades and Downgrades: Applied Materials, Comcast, HUYA, Sprint, Time Warner, Yelp and More” on June 13, 2018. More interesting news about Signature Bank (NASDAQ:SBNY) was released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For June 13, 2018” with publication date: June 13, 2018.

Signature Bank provides various business and personal banking services and products. The company has market cap of $6.97 billion. It accepts various deposit products, including commercial checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, interest-bearing and non-interest-bearing checking accounts, certificates of deposit, time deposits, and other cash management products. It has a 24.59 P/E ratio. The firm also offers loan products comprising commercial and industrial loans; real estate loans, such as loans secured by commercial and residential properties, and construction and land loans; temporary financing for commercial and residential properties; letters of credit; and personal lines of credit and loans to acquire personal assets, as well as asset lending, mortgages, home equity loans, and credit card accounts.

Since January 1, 0001, it had 1 buying transaction, and 0 insider sales for $3,403 activity.

Penns Woods Bancorp, Inc. operates as the bank holding firm for Jersey Shore State Bank and Luzerne Bank, which provides banking and financial services to individuals, partnerships, non-profit organizations, and firms. The company has market cap of $212.19 million. It provides time deposits, super NOW accounts, statement savings accounts, money market accounts, certificates of deposit, checking accounts, and IRAs. It has a 20.63 P/E ratio. The firm also offers loan products comprising secured and unsecured business, and commercial loans that include financing commercial transactions, as well as revolving credit loans with overdraft protection.

The stock increased 0.50% or $0.2244 during the last trading session, reaching $45.2444. About 2,042 shares traded. Penns Woods Bancorp, Inc. (PWOD) has risen 15.81% since June 29, 2017 and is uptrending. It has outperformed by 3.24% the S&P500. Some Historical PWOD News: 17/04/2018 S&PGR Ugrds Penns Manor Area SD, PA GO Dbt To ‘A+’; 19/04/2018 – PENNS WOODS BANCORP INC QTRLY SHR $0.68; 22/05/2018 – Penns Woods Bancorp, Inc. Announces Quarterly Dividend; 19/04/2018 – PENNS WOODS BANCORP INC – TOTAL ASSETS INCREASED $126.0 MLN TO $1.5 BLN AT MARCH 31, 2018 COMPARED TO MARCH 31, 2017; 19/04/2018 – PENNS WOODS BANCORP INC PWOD.O QUARTERLY OPER SHR $0.69; 20/04/2018 – PENNS WOODS BANCORP INC – REPURCHASE PLAN IS FOR AN ADDITIONAL YEAR ENDING APRIL 30, 2019; 19/04/2018 – Penns Woods Bancorp 1Q Adj EPS 69c; 19/04/2018 – DJ Penns Woods Bancorp Inc, Inst Holders, 1Q 2018 (PWOD); 20/04/2018 – Penns Woods Bancorp, Inc. Announces Extension of Stk Repurchase Program; 23/04/2018 – Penns Woods Bncp: White Joins JSSB as Branch Manager April 23, 2018 | 2018

Hudock Capital Group Llc holds 0.75% of its portfolio in Penns Woods Bancorp, Inc. for 42,527 shares. Berkshire Asset Management Llc Pa owns 25,648 shares or 0.11% of their US portfolio. Moreover, Kennedy Capital Management Inc. has 0.03% invested in the company for 34,116 shares. The Oklahoma-based Bokf Na has invested 0.02% in the stock. Bridgeway Capital Management Inc, a Texas-based fund reported 22,000 shares.

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Institutional Positions Chart

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