Sterling Bancorp - SBT Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sterling Bancorp in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SBT shares.
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1 Wall Street analysts have issued 1 year price targets for Sterling Bancorp's stock. Their SBT share price forecasts range from $6.00 to $6.00. On average, they anticipate the company's share price to reach $6.00 in the next twelve months. This suggests that the stock has a possible downside of 1.3%.
View analysts price targets for SBT or view top-rated stocks among Wall Street analysts.

Sterling Bancorp's stock was trading at $6.09 on January 1st, 2023. Since then, SBT shares have decreased by 0.2% and is now trading at $6.08.
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Sterling Bancorp saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 220,900 shares, a decrease of 46.0% from the February 28th total of 409,100 shares. Based on an average daily volume of 36,200 shares, the short-interest ratio is presently 6.1 days. Currently, 1.4% of the company's shares are sold short.
View Sterling Bancorp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
View our SBT earnings forecast.

Sterling Bancorp (NASDAQ:SBT) announced its quarterly earnings results on Monday, November, 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.03. The company had revenue of $24.70 million for the quarter, compared to the consensus estimate of $23.40 million. Sterling Bancorp had a trailing twelve-month return on equity of 1.23% and a net margin of 3.99%.

6 employees have rated Sterling Bancorp Chief Executive Officer Tom Lopp on Glassdoor.com. Tom Lopp has an approval rating of 34% among the company's employees. This puts Tom Lopp in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sterling Bancorp investors own include Matinas BioPharma (MTNB), ADMA Biologics (ADMA), DHT (DHT), Golar LNG Partners (GMLP), Gran Tierra Energy (GTE), Hallador Energy (HNRG), Organigram (OGI), Pennsylvania Real Estate Investment Trust (PEI), Tilly's (TLYS) and Bionano Genomics (BNGO).

(SBT) raised $130 million in an IPO on Friday, November 17th 2017. The company issued 10,000,000 shares at $12.00-$14.00 per share. Sandler O'Neill & Partners acted as the underwriter for the IPO.

Sterling Bancorp trades on the NASDAQ under the ticker symbol "SBT."

Sterling Bancorp's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Alliancebernstein L.P. (4.71%), FJ Capital Management LLC (4.17%), Dimensional Fund Advisors LP (1.08%), Morgan Stanley (0.89%), Renaissance Technologies LLC (0.45%) and Charles Schwab Investment Management Inc. (0.08%).
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Shares of SBT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SBT stock can currently be purchased for approximately $6.08.

Sterling Bancorp (NASDAQ:SBT) has a market capitalization of $309.05 million and generates $101.28 million in revenue each year. The company earns $-14,190,000.00 in net income (profit) each year or $0.08 on an earnings per share basis.

Sterling Bancorp's mailing address is ONE TOWNE SQUARE SUITE 1900, SOUTHFIELD MI, 48076. The official website for the company is www.sterlingbank.com. The company can be reached via phone at 248-355-2400 or via email at sbt@finprofiles.com.