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Verso (VRS) Reaches $11.77 After 7.00% Up Move; 15 Bullish Analysts Covering Signature Bank (SBNY)

Among 20 analysts covering Signature Bank (NASDAQ:SBNY), 15 have Buy rating, 1 Sell and 4 Hold. Therefore 75% are positive. Signature Bank had 54 analyst reports since July 22, 2015 according to SRatingsIntel. On Thursday, April 6 the stock rating was downgraded by Raymond James to “Outperform”. Hovde Group downgraded the shares of SBNY in report on Friday, November 18 to “Underperform” rating. On Friday, April 1 the stock rating was reinitiated by Merion Capital Group with “Outperform”. The firm has “Overweight” rating given on Wednesday, October 11 by Barclays Capital. The stock has “Buy” rating by BMO Capital Markets on Friday, October 20. The company was upgraded on Wednesday, September 28 by Barclays Capital. The rating was maintained by Keefe Bruyette & Woods on Tuesday, October 3 with “Buy”. The firm earned “Buy” rating on Wednesday, July 19 by Maxim Group. The firm has “Buy” rating by Jefferies given on Sunday, August 27. The stock of Signature Bank (NASDAQ:SBNY) has “Hold” rating given on Wednesday, July 19 by BMO Capital Markets. See Signature Bank (NASDAQ:SBNY) latest ratings:

20/11/2017 Broker: JMP Securities Rating: Market Outperform New Target: $160 Initiates Coverage On
06/11/2017 Broker: Morgan Stanley Old Rating: Overweight New Rating: Equal-Weight Old Target: $150 Downgrade
23/10/2017 Broker: Jefferies Rating: Buy New Target: $155.0 Maintain
20/10/2017 Broker: Barclays Capital Rating: Overweight Old Target: $145 New Target: $145 Maintain
20/10/2017 Broker: BMO Capital Markets Rating: Buy New Target: $145.0 Upgrade
19/10/2017 Broker: Maxim Group Rating: Buy New Target: $175.0 Maintain
13/10/2017 Broker: Piper Jaffray Rating: Hold New Target: $140.0 Initiate
11/10/2017 Broker: Barclays Capital Rating: Overweight Old Target: $170 New Target: $145 Maintain
03/10/2017 Broker: BMO Capital Markets Rating: Hold New Target: $145.0 Maintain
03/10/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $142.0 Maintain

The stock of Verso Corporation (NYSE:VRS) is a huge mover today! The stock increased 2.97% or $0.34 during the last trading session, reaching $11.77. About 385,932 shares traded or 9.73% up from the average. Verso Corporation (NYSE:VRS) has 0.00% since December 1, 2016 and is . It has underperformed by 16.70% the S&P500.The move comes after 5 months positive chart setup for the $405.54M company. It was reported on Dec, 1 by Barchart.com. We have $12.59 PT which if reached, will make NYSE:VRS worth $28.39 million more.

The stock decreased 1.17% or $1.61 during the last trading session, reaching $135.67. About 205,801 shares traded. Signature Bank (NASDAQ:SBNY) has risen 4.47% since December 1, 2016 and is uptrending. It has underperformed by 12.23% the S&P500.

Signature Bank provides various business and personal banking services and products. The company has market cap of $7.28 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 21.74 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.

Among 2 analysts covering Verso Corporation (NYSE:VRS), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Verso Corporation had 4 analyst reports since July 27, 2016 according to SRatingsIntel. BWS Financial upgraded Verso Corporation (NYSE:VRS) on Wednesday, October 18 to “Strong Buy” rating. The firm has “Strong Buy” rating given on Friday, November 17 by BWS Financial. The stock has “Buy” rating by BWS Financial on Wednesday, July 27.

Verso Corporation produces and sells coated papers in the United States. The company has market cap of $405.54 million. It operates in two divisions, Paper and Pulp. It has a 6.61 P/E ratio. The firm offers coated freesheet and coated groundwood, specialty, inkjet and digital, supercalendered, and uncoated freesheet papers; and Northern Bleached Hardwood Kraft pulp to manufacture printing, writing, and specialty paper grades, as well as to manufacture tissue products.

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