Signature Bank (NDAQ:SBNY) Lost It’s BMO Capital Markets “Hold” Rating; 4 Analysts Are Bullish Barnes Group Inc. (B) Last Week

April 21, 2017 - By Ellis Scott

Among 8 analysts covering Barnes Group (NYSE:B), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Barnes Group had 17 analyst reports since July 28, 2015 according to SRatingsIntel. On Tuesday, January 12 the stock rating was upgraded by Sidoti to “Buy”. On Thursday, April 7 the stock rating was upgraded by Deutsche Bank to “Buy”. Oppenheimer maintained the shares of B in report on Friday, February 12 with “Outperform” rating. The firm has “Hold” rating by Suntrust Robinson given on Thursday, January 19. As per Monday, December 5, the company rating was maintained by Deutsche Bank. Oppenheimer upgraded the shares of B in report on Friday, August 7 to “Outperform” rating. The rating was initiated by DA Davidson on Friday, December 11 with “Neutral”. On Monday, October 19 the stock rating was initiated by Buckingham Research with “Neutral”. Oppenheimer maintained Barnes Group Inc. (NYSE:B) on Monday, October 26 with “Outperform” rating. The rating was initiated by SunTrust with “Hold” on Thursday, January 19. See Barnes Group Inc. (NYSE:B) latest ratings:

05/04/2017 Broker: Jefferies Rating: Buy Old Target: $46.00 New Target: $57.00 Target Up
19/01/2017 Broker: Suntrust Robinson Rating: Hold Initiate
19/01/2017 Broker: SunTrust Rating: Hold Initiate
05/12/2016 Broker: Deutsche Bank Rating: Buy Old Target: $45.00 New Target: $48.00 Maintain

Among 3 analysts covering Signature Bank (NDAQ:SBNY), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Signature Bank has $175 highest and $170 lowest target. $172.50’s average target is 23.18% above currents $140.04 stock price. Signature Bank had 3 analyst reports since March 23, 2017 according to SRatingsIntel. Raymond James downgraded the stock to “Outperform” rating in Thursday, April 6 report. The company was maintained on Thursday, March 23 by BMO Capital Markets. The stock of Signature Bank (NASDAQ:SBNY) has “Buy” rating given on Wednesday, April 12 by Jefferies.

About 501,155 shares traded. Signature Bank (NDAQ:SBNY) has risen 20.60% since September 14, 2016 and is uptrending. It has outperformed by 9.78% the S&P500.

Signature Bank is a full-service commercial bank. The company has market cap of $7.69 billion. The Bank operates over 30 private client offices throughout the New York metropolitan area. It has a 17.73 P/E ratio. The Company’s divisions include Commercial Banking and Specialty Finance.

Barnes Group Inc. is an industrial and aerospace maker and service provider, serving a range of end markets and customers. The company has market cap of $2.83 billion. The Company’s engineered products, industrial technologies, and solutions are used in applications that provide transportation, manufacturing, healthcare products and technology to the world. It has a 20.8 P/E ratio. The Company’s divisions include Industrial and Aerospace.

Investors sentiment decreased to 0.91 in Q4 2016. Its down 0.65, from 1.56 in 2016Q3. It dropped, as 24 investors sold Barnes Group Inc. shares while 71 reduced holdings. 27 funds opened positions while 59 raised stakes. 45.38 million shares or 0.36% more from 45.21 million shares in 2016Q3 were reported. The United Kingdom-based Legal And General Gp Public Ltd has invested 0% in Barnes Group Inc. (NYSE:B). Jennison Assocs Ltd Liability Corp holds 19,239 shares. Victory Capital accumulated 1.63M shares or 0.19% of the stock. Brinker Cap owns 7,394 shares for 0.02% of their portfolio. Pine River Cap Limited Partnership holds 10,768 shares or 0.02% of its portfolio. Pettyjohn Wood White reported 28,675 shares. Allianz Asset Ag invested in 1.12M shares or 0.05% of the stock. Highbridge Capital Ltd Limited Liability Company reported 14,104 shares. Eagle Boston Mngmt Inc has invested 1.49% in Barnes Group Inc. (NYSE:B). Capstone Investment Advsrs Lc reported 0.01% in Barnes Group Inc. (NYSE:B). California Public Employees Retirement owns 0.01% invested in Barnes Group Inc. (NYSE:B) for 86,400 shares. Hsbc Public Limited holds 0% in Barnes Group Inc. (NYSE:B) or 12,261 shares. Independent Port Consultants, Florida-based fund reported 15,995 shares. Parkside Financial Bank And Trust reported 24 shares. Creative Planning invested in 10,319 shares.

Since November 10, 2016, it had 2 insider buys, and 8 sales for $4.38 million activity. BENANAV GARY G bought $1,537 worth of stock or 31 shares. MANGUM MYLLE H bought $1,537 worth of stock. 9,701 shares were sold by EDWARDS DAWN N, worth $448,167 on Wednesday, November 30. The insider BARNES THOMAS O sold $10,349. Dempsey Patrick sold $2.34 million worth of Barnes Group Inc. (NYSE:B) on Tuesday, November 22. 6,000 shares were sold by ACKER MARIAN, worth $279,052 on Monday, November 28. STEPHENS CHRISTOPHER J also sold $462,198 worth of Barnes Group Inc. (NYSE:B) on Tuesday, November 22.

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