Shares of Signet Banking Corp. on Thursday reversed course, falling 50 cents after gaining 11.6% this week.

Banking industry analysts said the stock, which closed at $27.125, had been boosted by a new wave of takeover rumors, with likely acquirers including such banks as First Union Corp. and Wachovia Corp.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.