Signature Bank's (Nasdaq:SBNY) is strengthening, and has had their EPS estimates raised by FBR through 2012.
FBR said, "The increase in our price target reflects our improved earnings outlook, given yield curve steepening, and recent conversations with management at Signature Bank and its peers. We raise our 4Q10 operating EPS estimate to $0.65 (from $0.60), our 2011 operating EPS estimate to $2.90 (from $2.75), and our 2012 estimate to $3.40 (from $3.20) based largely on stronger net interest income prospects, but we have also fine-tuned our expense estimates to reflect seasonal benefits typical in the fourth quarter."
FBR Capital reiterates an "Outperform" rating on Signature Bank, which closed Wednesday at $50.96, up $1.31, or 2.64 percent. FBR raised their price target on them from $48 to $54.
Thursday, December 23, 2010
Signature Bank's (Nasdaq:SBNY) Earnings Outlook Improved
Subscribe to:
Post Comments (Atom)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
6 comments:
This is a amazing article. I actually do enjoy the outstanding job produced by your company
Appreciate such an excellent post that helped me to in the process, We are grateful for all your energy in studying as well as penning this blog page
Fantastic submit with many different great written content! I reckon that you were on the correct way. All the best .
Very helpful content! Works to make complete reason. And additionally ended up being obvious to see to boot.
Outstanding data. We've certainly learned new things this afternoon! Thanks.
Wonderful! Many thanks for this particular posting! It absolutely was very beneficial.
Post a Comment