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NASDAQ:SBTSterling Bancorp Stock Price, Forecast & News

$3.36
+0.27 (+8.74 %)
(As of 08/7/2020 04:00 PM ET)
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Today's Range
$3.10
Now: $3.36
$3.36
50-Day Range
$3.00
MA: $3.28
$3.60
52-Week Range
$2.53
Now: $3.36
$10.27
Volume86,201 shs
Average Volume77,573 shs
Market Capitalization$168.67 million
P/E Ratio3.00
Dividend Yield0.89%
Beta0.88
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$1.27 per share
Book Value$6.32 per share

Profitability

Net Income$56.95 million

Miscellaneous

EmployeesN/A
Market Cap$168.67 million
Next Earnings DateN/A
OptionableNot Optionable
$3.36
+0.27 (+8.74 %)
(As of 08/7/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 COVID-19 reached pandemic status according to the World Health Organization. Since then, SBT shares have decreased by 22.6% and is now trading at $3.36.
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
.

How were Sterling Bancorp's earnings last quarter?

Sterling Bancorp (NASDAQ:SBT) issued its quarterly earnings data on Monday, August, 3rd. The company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.17) by $0.24. Sterling Bancorp had a net margin of 30.49% and a return on equity of 16.55%.
View Sterling Bancorp's earnings history
.

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

Sterling Bancorp announced a quarterly dividend on Wednesday, February 12th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.01 per share on Friday, February 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.19%. 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 equities research analysts have issued 12 month price targets for Sterling Bancorp's stock. Their forecasts range from $6.00 to $10.50. On average, they anticipate Sterling Bancorp's share price to reach $8.25 in the next twelve months. This suggests a possible upside of 145.5% from the stock's current price.
View analysts' price targets for Sterling Bancorp
.

Has Sterling Bancorp been receiving favorable news coverage?

Media stories about SBT stock have trended extremely negative on Sunday, InfoTrie reports. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Sterling Bancorp earned a media sentiment score of -4.8 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days.
View the latest news about Sterling Bancorp
.

Are investors shorting Sterling Bancorp?

Sterling Bancorp saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 292,900 shares, an increase of 11.8% from the July 15th total of 262,100 shares. Based on an average daily volume of 94,800 shares, the days-to-cover ratio is currently 3.1 days. Approximately 1.6% of the company's stock are short sold.
View Sterling Bancorp's Short Interest
.

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."

Who are Sterling Bancorp's major shareholders?

Sterling Bancorp's stock is owned by a number of institutional and retail investors. Top institutional shareholders include TCW Group Inc. (0.91%), Denali Advisors LLC (0.39%), Bowling Portfolio Management LLC (0.20%), WINTON GROUP Ltd (0.15%), Seizert Capital Partners LLC (0.11%) and First Trust Advisors LP (0.06%). Company insiders that own Sterling Bancorp stock include Lyle M Wolberg and Seth S Meltzer.
View institutional ownership trends for Sterling Bancorp
.

Which major investors are selling Sterling Bancorp stock?

SBT stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, and Bowling Portfolio Management LLC.
View insider buying and selling activity for Sterling Bancorp
.

Which major investors are buying Sterling Bancorp stock?

SBT stock was bought by a variety of institutional investors in the last quarter, including TCW Group Inc., Denali Advisors LLC, Seizert Capital Partners LLC, and WINTON GROUP Ltd. Company insiders that have bought Sterling Bancorp stock in the last two years include Lyle M Wolberg, and Seth S Meltzer.
View insider buying and selling activity for Sterling Bancorp
.

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 $3.36.

How big of a company is Sterling Bancorp?

Sterling Bancorp has a market capitalization of $168.67 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 8/9/2020 by MarketBeat.com Staff

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