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NASDAQ:SBTSterling Bancorp Stock Price, Forecast & News

$3.23
-0.17 (-5.00 %)
(As of 07/10/2020 04:00 PM ET)
Add
Compare
Today's Range
$3.21
Now: $3.23
$3.44
50-Day Range
$2.68
MA: $3.30
$4.16
52-Week Range
$2.53
Now: $3.23
$10.37
Volume87,500 shs
Average Volume78,367 shs
Market Capitalization$162.16 million
P/E Ratio2.88
Dividend Yield1.24%
Beta0.97
Sterling Bancorp, Inc. is a unitary thrift holding company. Its wholly owned subsidiary, Sterling Bank and Trust, F.S.B., has primary branch operations in San Francisco and Los Angeles, California and New York City, and a loan production office in Seattle, Washington. Sterling offers a broad range of loan products to the residential and commercial markets, as well as retail and business banking services. Sterling also has an operations center and a branch in Southfield, Michigan. Sterling was named as the top performing community bank in the United States with total assets between $1 billion and $10 billion in 2017 by SNL/S&P Global Market Intelligence.
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Sterling Bancorp logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.8Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.41 out of 5 stars


Industry, Sector and Symbol

Industry Federal savings institutions
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:SBT
CUSIPN/A
Phone248-355-2400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$186.82 million
Cash Flow$1.21 per share
Book Value$6.32 per share

Profitability

Net Income$56.95 million

Miscellaneous

EmployeesN/A
Market Cap$162.16 million
Next Earnings Date8/3/2020 (Estimated)
OptionableNot Optionable

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Sterling Bancorp (NASDAQ:SBT) Frequently Asked Questions

How has Sterling Bancorp's stock been impacted by COVID-19 (Coronavirus)?

Sterling Bancorp's stock was trading at $4.34 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SBT stock has decreased by 25.6% and is now trading at $3.23. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Sterling Bancorp?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sterling Bancorp in the last year. There are currently 1 sell rating and 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Sterling Bancorp.

When is Sterling Bancorp's next earnings date?

Sterling Bancorp is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Sterling Bancorp.

How were Sterling Bancorp's earnings last quarter?

Sterling Bancorp (NASDAQ:SBT) announced its earnings results on Wednesday, January, 29th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. The company had revenue of $32.35 million for the quarter. Sterling Bancorp had a return on equity of 16.55% and a net margin of 30.49%. View Sterling Bancorp's earnings history.

How often does Sterling Bancorp pay dividends? What is the dividend yield for Sterling Bancorp?

Sterling Bancorp declared a quarterly dividend on Wednesday, February 12th. Stockholders of record on Friday, February 21st will be given a dividend of $0.01 per share on Friday, February 28th. This represents a $0.04 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, February 20th. View Sterling Bancorp's dividend history.

What price target have analysts set for SBT?

2 brokerages have issued twelve-month price targets for Sterling Bancorp's stock. Their forecasts range from $6.00 to $10.50. On average, they expect Sterling Bancorp's stock price to reach $8.25 in the next year. This suggests a possible upside of 155.4% from the stock's current price. View analysts' price targets for Sterling Bancorp.

Has Sterling Bancorp been receiving favorable news coverage?

Headlines about SBT stock have trended negative on Friday, InfoTrie Sentiment reports. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Sterling Bancorp earned a daily sentiment score of -2.4 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the next few days. View the latest news about Sterling Bancorp.

Are investors shorting Sterling Bancorp?

Sterling Bancorp saw a drop in short interest during the month of June. As of June 30th, there was short interest totaling 170,700 shares, a drop of 12.2% from the June 15th total of 194,500 shares. Based on an average daily trading volume, of 85,000 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.0% of the company's shares are sold short. View Sterling Bancorp's Current Options Chain.

Who are some of Sterling Bancorp's key competitors?

What other stocks do shareholders of Sterling Bancorp own?

Who are Sterling Bancorp's key executives?

Sterling Bancorp's management team includes the following people:
  • Mr. Gary Judd, Chairman & CEO (Age 77)
  • Mr. Thomas Lopp, Pres, CFO, COO, Principal Accounting Officer, VP & Treasurer (Age 54)
  • Mr. Michael Montemayor, Chief Lending Officer and Pres of Commercial & Retail Banking (Age 49)
  • Mr. Scott J. Seligman, VP

When did Sterling Bancorp IPO?

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

What is Sterling Bancorp's stock symbol?

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

How do I buy shares of Sterling Bancorp?

Shares of SBT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Sterling Bancorp's stock price today?

One share of SBT stock can currently be purchased for approximately $3.23.

How big of a company is Sterling Bancorp?

Sterling Bancorp has a market capitalization of $162.16 million and generates $186.82 million in revenue each year.

What is Sterling Bancorp's official website?

The official website for Sterling Bancorp is www.sterlingbank.com.

How can I contact Sterling Bancorp?

Sterling Bancorp's mailing address is ONE TOWNE SQUARE SUITE 1900, SOUTHFIELD MI, 48076. The company can be reached via phone at 248-355-2400 or via email at [email protected]

This page was last updated on 7/10/2020 by MarketBeat.com Staff

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