Sterling Bancorp Stock Price, News & Analysis (NASDAQ:SBT)

$13.95 +0.41 (+3.03 %)
(As of 02/22/2018 12:12 PM ET)
Previous Close$13.95
Today's Range$13.51 - $14.33
52-Week Range$12.00 - $14.77
Volume290,500 shs
Average Volume109,487 shs
Market Capitalization$717.12 million
P/E RatioN/A
Dividend Yield0.07%
BetaN/A

About Sterling Bancorp (NASDAQ:SBT)

Sterling Bancorp, Inc. is a holding company. The Company, through its subsidiary, Sterling Bank and Trust, F.S.B. (the Bank), offers a range of loan products to the residential and commercial markets, as well as retail banking services. As of October 19, 2017, it operated through 26 branches, including 20 in the San Francisco area, four in greater Los Angeles, one in New York City and one branch in Michigan. The Bank offers a range of loan products to the residential and commercial markets. Its loan portfolio includes commercial loans, commercial real estate, construction loans, commercial lines of credit and consumer loans. Its investment portfolio includes United States treasuries, agency mortgage-backed securities, non-agency collateralized mortgage obligations, collateralized debt obligations, equity securities and other securities. The Bank offers depository products, including checking, savings, money market and certificates of deposits, to individuals and businesses.

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Industry, Sector and Symbol

Industry Banks
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:SBT
CUSIPN/A
Phone248-355-2400

Debt

Debt-to-Equity Ratio1.62%
Current Ratio1.14%
Quick Ratio1.12%

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$139.34 million
Price / Sales5.30
Cash FlowN/A
Price / CashN/A
Book ValueN/A
Price / BookN/A

Profitability

Trailing EPSN/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A

Miscellaneous

Employees294
Outstanding Shares52,960,000

Sterling Bancorp (NASDAQ:SBT) Frequently Asked Questions

What is Sterling Bancorp's stock symbol?

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

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

Sterling Bancorp announced a special dividend on Thursday, February 1st. Stockholders of record on Wednesday, February 14th will be paid a dividend of $0.01 per share on Wednesday, February 28th. This represents a dividend yield of 0.000800640512409928%. The ex-dividend date of this dividend is Tuesday, February 13th. View Sterling Bancorp's Dividend History.

Where is Sterling Bancorp's stock going? Where will Sterling Bancorp's stock price be in 2018?

1 Wall Street analysts have issued 12 month price objectives for Sterling Bancorp's shares. Their predictions range from $14.50 to $14.50. On average, they expect Sterling Bancorp's stock price to reach $14.50 in the next year. View Analyst Ratings for Sterling Bancorp.

Who are some of Sterling Bancorp's key competitors?

Who are Sterling Bancorp's key executives?

Sterling Bancorp's management team includes the folowing people:

  • Gary Judd, Chairman of the Board, Chief Executive Officer (Age 76)
  • Thomas Lopp, President, Chief Financial Officer, Chief Operating Officer (Age 53)
  • Michael Montemayor, President Commercial and Retail Banking, Chief Lending Officer (Age 48)
  • Seth Meltzer, Director (Age 41)
  • Sandra Seligman, Director (Age 70)
  • Peter Sinatra, Director (Age 49)
  • Barry Allen CPA, Independent Director (Age 72)
  • Jon Fox, Independent Director (Age 74)

When did Sterling Bancorp IPO?

(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 served as the underwriter for the IPO.

When does the company's lock-up period expire?

Sterling Bancorp's lock-up period expires on Wednesday, May 16th. Sterling Bancorp had issued 15,000,000 shares in its IPO on November 17th. The total size of the offering was $180,000,000 based on an initial share price of $12.00. After the end of the company's lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Who owns Sterling Bancorp stock?

Sterling Bancorp's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Basswood Capital Management L.L.C. (4.70%), Philadelphia Financial Management of San Francisco LLC (2.36%), Millennium Management LLC (1.46%), Peregrine Capital Management LLC (1.42%), Maltese Capital Management LLC (1.29%) and Monashee Investment Management LLC (1.12%). Company insiders that own Sterling Bancorp stock include Gary S Judd, J Seligman 1993 Long Te Scott, KISS Dynasty Trust No 5, Michael A Montemayor, Seth S Meltzer and Thomas W Jr Lopp. View Institutional Ownership Trends for Sterling Bancorp.

Who bought Sterling Bancorp stock? Who is buying Sterling Bancorp stock?

Sterling Bancorp's stock was purchased by a variety of institutional investors in the last quarter, including Basswood Capital Management L.L.C., Philadelphia Financial Management of San Francisco LLC, Millennium Management LLC, Peregrine Capital Management LLC, Maltese Capital Management LLC, Monashee Investment Management LLC, Driehaus Capital Management LLC and Banc Funds Co. LLC. Company insiders that have bought Sterling Bancorp stock in the last two years include Gary S Judd, Michael A Montemayor and Thomas W Jr Lopp. View Insider Buying and Selling for Sterling Bancorp.

How do I buy Sterling Bancorp stock?

Shares of Sterling Bancorp 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, Scottrade, Fidelity and Charles Schwab.

What is Sterling Bancorp's stock price today?

One share of Sterling Bancorp stock can currently be purchased for approximately $13.95.

How big of a company is Sterling Bancorp?

Sterling Bancorp has a market capitalization of $717.12 million and generates $139.34 million in revenue each year. Sterling Bancorp employs 294 workers across the globe.

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.


MarketBeat Community Rating for Sterling Bancorp (SBT)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  25 (Vote Outperform)
Underperform Votes:  22 (Vote Underperform)
Total Votes:  47
MarketBeat's community ratings are surveys of what our community members think about Sterling Bancorp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Sterling Bancorp (NASDAQ:SBT) Analysts' Consensus Rating

  (How are Consensus Ratings Calculated?)
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: BuyBuyN/AN/A
Consensus Rating Score: 3.003.00N/AN/A
Ratings Breakdown: 0 Sell Rating(s)
0 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
0 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
0 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
0 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $14.50$14.50N/AN/A
Price Target Upside: 12.75% upside12.75% upsideN/AN/A

Sterling Bancorp (NASDAQ:SBT) Consensus Price Target History

Price Target History for Sterling Bancorp (NASDAQ:SBT)

Sterling Bancorp (NASDAQ:SBT) Analyst Ratings History

Show:
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
1/3/2018Sandler O'NeillReiterated RatingBuy$14.50MediumView Rating Details
(Data available from 2/22/2016 forward)

Earnings

Earnings History for Sterling Bancorp (NASDAQ:SBT)


No earnings announcements for this company have been tracked by MarketBeat.com

Estimates

Sterling Bancorp (NASDAQ:SBT) Earnings Estimates

No earnings estimates for this company have been tracked by MarketBeat.com

Dividends

Sterling Bancorp (NASDAQ:SBT) Dividend Information

Next Dividend:2/28/2018
Annual Dividend:$0.01
Dividend Yield:0.07%
Payout Ratio:
Dividend Payments by Quarter for Sterling Bancorp (NASDAQ:SBT)

Sterling Bancorp (NASDAQ:SBT) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
2/1/2018special$0.010.000800640512409928%2/13/20182/14/20182/28/2018
(Data available from 1/1/2013 forward)

Insider Trades

Sterling Bancorp (NASDAQ SBT) Insider Trading and Institutional Ownership History

Institutional Ownership Percentage: 9.54%
Insider Trades by Quarter for Sterling Bancorp (NASDAQ:SBT)
Institutional Ownership by Quarter for Sterling Bancorp (NASDAQ:SBT)

Sterling Bancorp (NASDAQ SBT) Insider Trades by Quarter

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
12/4/2017J. Seligman 1993 Long Te ScottMajor ShareholderSell363,576$12.00$4,362,912.00View SEC Filing  
12/4/2017Seth S MeltzerDirectorSell93,887$12.00$1,126,644.00View SEC Filing  
11/21/2017Gary S JuddChairmanBuy7,600$12.00$91,200.00View SEC Filing  
11/21/2017K.I.S.S. Dynasty Trust No. 5Major ShareholderSell1,543,459$12.00$18,521,508.00View SEC Filing  
11/21/2017Michael A MontemayorInsiderBuy10,000$12.00$120,000.00View SEC Filing  
11/21/2017Seth S MeltzerDirectorSell304,933$12.00$3,659,196.00View SEC Filing  
11/21/2017Thomas W Jr. LoppCFOBuy7,000$12.00$84,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Sterling Bancorp (NASDAQ SBT) News Headlines

Source:
DateHeadline
Sterling Bancorp Inc (SBT) Plans Special Dividend of $0.01Sterling Bancorp Inc (SBT) Plans Special Dividend of $0.01
www.americanbankingnews.com - February 1 at 6:24 PM
Sterling Bancorp Declares Cash Dividend on Common StockSterling Bancorp Declares Cash Dividend on Common Stock
finance.yahoo.com - January 31 at 5:42 PM
Sterling Bancorp, Inc. to Announce Fourth Quarter and Fiscal Year 2017 Financial Results on Tuesday, January 30Sterling Bancorp, Inc. to Announce Fourth Quarter and Fiscal Year 2017 Financial Results on Tuesday, January 30
finance.yahoo.com - January 26 at 8:02 AM
Exclusive: Major bank in Houston to relocate, downsize local HQExclusive: Major bank in Houston to relocate, downsize local HQ
www.bizjournals.com - January 3 at 6:37 PM
Sterling Bancorps (SBT) Buy Rating Reiterated at Sandler ONeillSterling Bancorp's (SBT) Buy Rating Reiterated at Sandler O'Neill
www.americanbankingnews.com - January 3 at 6:24 PM
Sterling Bancorp (SBT) Earns Buy Rating from Analysts at Sandler ONeillSterling Bancorp (SBT) Earns Buy Rating from Analysts at Sandler O'Neill
www.americanbankingnews.com - December 21 at 9:36 AM
Sterling Bancorp, Inc.s Quiet Period Will Expire  on December 27th (NASDAQ:SBT)Sterling Bancorp, Inc.'s Quiet Period Will Expire on December 27th (NASDAQ:SBT)
www.americanbankingnews.com - December 20 at 1:06 AM
Sterling Bancorp, Inc. (SBT) Major Shareholder J. Seligman 1993 Long Te Scott Sells 363,576 SharesSterling Bancorp, Inc. (SBT) Major Shareholder J. Seligman 1993 Long Te Scott Sells 363,576 Shares
www.americanbankingnews.com - December 5 at 8:34 PM
Sterling Bancorp, Inc. (SBT) Director Seth S. Meltzer Sells 93,887 SharesSterling Bancorp, Inc. (SBT) Director Seth S. Meltzer Sells 93,887 Shares
www.americanbankingnews.com - December 5 at 8:34 PM
Sterling Bancorp, Inc. (SBT) CFO Buys $84,000.00 in StockSterling Bancorp, Inc. (SBT) CFO Buys $84,000.00 in Stock
www.americanbankingnews.com - November 21 at 9:10 PM
Michael A. Montemayor Buys 10,000 Shares of Sterling Bancorp, Inc. (SBT) StockMichael A. Montemayor Buys 10,000 Shares of Sterling Bancorp, Inc. (SBT) Stock
www.americanbankingnews.com - November 21 at 9:10 PM
Insider Buying: Sterling Bancorp, Inc. (SBT) Chairman Purchases 7,600 Shares of StockInsider Buying: Sterling Bancorp, Inc. (SBT) Chairman Purchases 7,600 Shares of Stock
www.americanbankingnews.com - November 21 at 9:08 PM
Sterling Bancorp, Inc. (SBT) Director Seth S. Meltzer Sells 304,933 SharesSterling Bancorp, Inc. (SBT) Director Seth S. Meltzer Sells 304,933 Shares
www.americanbankingnews.com - November 21 at 4:18 PM
Sterling Bancorp, Inc. (SBT) Major Shareholder Sells $18,521,508.00 in StockSterling Bancorp, Inc. (SBT) Major Shareholder Sells $18,521,508.00 in Stock
www.americanbankingnews.com - November 21 at 4:18 PM

SEC Filings

Sterling Bancorp (NASDAQ:SBT) SEC Filings

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Social Media

Financials

Sterling Bancorp (NASDAQ:SBT) Income Statement, Balance Sheet and Cash Flow Statement

Chart

Sterling Bancorp (NASDAQ SBT) Stock Chart for Thursday, February, 22, 2018

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This page was last updated on 2/22/2018 by MarketBeat.com Staff

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