Should You Consider Investing in Signature Bank (SBNY)?

Harding Loevner, an investment management firm, published its “Global Small Companies Equity Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly net return of 2.86% was recorded by the fund for the fourth quarter of 2021, beating its Benchmark, the MSCI All Country World Small Cap Index, which returned 2.22% for the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Harding Loevner Global Small Companies Equity Fund, in its Q4 2021 investor letter, mentioned Signature Bank (NASDAQ: SBNY) and discussed its stance on the firm. Signature Bank is a New York, New York-based commercial banking company with a $20.4 billion market capitalization. SBNY delivered a 4.24% return since the beginning of the year, while its 12-month returns are up by 55.63%. The stock closed at $337.18 per share on March 02, 2022.

Here is what Harding Loevner Global Small Companies Equity Fund has to say about Signature Bank in its Q4 2021 investor letter:

“By sector, Financials and Health Care were the year’s bright spots. Shares of US-based Signature Bank skyrocketed as the company grew its deposits more than 20%, helped by quick growth in cryptocurrency-related deposits, and its loan loss provisions continued shrinking.”

Our calculations show that Signature Bank (NASDAQ: SBNY) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. SBNY was in 41 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 46 funds in the previous quarter. Signature Bank (NASDAQ: SBNY) delivered a 5.50% return in the past 3 months.

In January 2022, we also shared another hedge fund’s views on SBNY in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.