Finance

How Insiders and Institutions are Trading Signature Bank (SBNY)

Recent insider trends for Signature Bank (NASDAQ:SBNY) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on SBNY is anything to go by, investors should pay attention.

Institutions own 96.12% of Signature Bank (SBNY)’s shares. The total value of these holdings, in millions, is $7,838. Among active positions in the latest quarter, 190 holders increased their positions by a total of 5.6 million shares, 186 holders decreased the positions by a total of 5.71 million shares, and 46 holders held their positions. This works out to a net decrease in ownership of 112179 shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 53 holders initiated new positions by a total of 1.53 million shares and 43 holders exited their positions by a total of 642896 shares. This nets out to an increase of 889884 shares and is a bullish sign for SBNY.

Insider ownership increased by a total of 0 shares, which suggests that SBNY’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: and ownership increased by a net of 0 shares.



Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. Signature Bank (NASDAQ:SBNY)’s short interest is 1.65 million shares, or 3.14% of the float. This represents an increase of 10% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

Supplementing insider data with technical indicators can help an investor form a more complete view on the outlook for a stock. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that SBNY is a Weak sell, which implies that SBNY is expected to underperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Signature Bank (NASDAQ:SBNY) is overvalued.

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