Sterling Bancorp - SBT Stock Forecast, Price & News

Sterling Bancorp's stock was trading at $5.75 at the start of the year. Since then, SBT shares have increased by 1.4% and is now trading at $5.83.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our SBT earnings forecast.

Sterling Bancorp (NASDAQ:SBT) released its quarterly earnings data on Monday, August, 15th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.07 by $0.11. The business had revenue of $19.52 million for the quarter, compared to the consensus estimate of $22.70 million. Sterling Bancorp had a net margin of 16.01% and a trailing twelve-month return on equity of 5.13%. During the same quarter last year, the firm posted $0.05 earnings per share.

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 initial public offering 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 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 retail and institutional investors. Top institutional investors include TCW Group Inc. (2.85%), Renaissance Technologies LLC (0.54%), Kennedy Capital Management Inc. (0.50%), State Street Corp (0.44%), Millennium Management LLC (0.36%) and Northern Trust Corp (0.30%).
View institutional ownership trends.

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 $5.83.

Sterling Bancorp (NASDAQ:SBT) has a market capitalization of $296.26 million and generates $122.35 million in revenue each year. The company earns $23.39 million in net income (profit) each year or $0.35 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.