NASDAQ:SBT - Sterling Bancorp Stock Price, News, & Analysis

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$9.14 -0.47 (-4.89 %)
(As of 03/25/2019 10:03 AM ET)
Previous Close$9.61
Today's Range$9.14 - $9.9050
52-Week Range$6.65 - $14.73
Volume3,839 shs
Average Volume115,786 shs
Market Capitalization$475.10 million
P/E Ratio7.62
Dividend Yield0.42%
Beta1.34
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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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$183.81 million
Cash Flow$1.2058 per share
Book Value$6.32 per share

Profitability

Net Income$63.47 million

Miscellaneous

EmployeesN/A
Market Cap$475.10 million
Next Earnings Date4/29/2019 (Estimated)
OptionableNot Optionable

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 declared a quarterly dividend on Tuesday, February 12th. Investors of record on Friday, February 22nd will be paid a dividend of $0.01 per share on Thursday, February 28th. This represents a $0.04 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Thursday, February 21st. View Sterling Bancorp's Dividend History.

How were Sterling Bancorp's earnings last quarter?

Sterling Bancorp (NASDAQ:SBT) issued its quarterly earnings results on Monday, January, 28th. The company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.02. The company had revenue of $36.72 million for the quarter. Sterling Bancorp had a return on equity of 20.36% and a net margin of 34.53%. View Sterling Bancorp's Earnings History.

When is Sterling Bancorp's next earnings date?

Sterling Bancorp is scheduled to release their next quarterly earnings announcement on Monday, April 29th 2019. View Earnings Estimates for Sterling Bancorp.

What price target have analysts set for SBT?

2 analysts have issued twelve-month target prices for Sterling Bancorp's shares. Their forecasts range from $13.00 to $14.00. On average, they expect Sterling Bancorp's share price to reach $13.50 in the next twelve months. This suggests a possible upside of 47.7% from the stock's current price. View Analyst Price Targets for Sterling Bancorp.

What is the consensus analysts' recommendation for Sterling Bancorp?

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

Has Sterling Bancorp been receiving favorable news coverage?

News headlines about SBT stock have trended positive this week, according to InfoTrie. The research group scores the sentiment of media coverage by analyzing more than six thousand blog and news sources. 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 media sentiment score of 3.0 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the near term.

Who are some of Sterling Bancorp's key competitors?

What other stocks do shareholders of Sterling Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Sterling Bancorp investors own include CNX Resources (CNX), Micron Technology (MU), AmerisourceBergen (ABC), JetBlue Airways (JBLU), The Western Union (WU), General Electric (GE), Immunomedics (IMMU), Centurylink (CTL), Advanced Micro Devices (AMD) and News (NWSA).

Who are Sterling Bancorp's key executives?

Sterling Bancorp's management team includes the folowing 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 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 acted as the underwriter for the IPO.

Who are Sterling Bancorp's major shareholders?

Sterling Bancorp's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Basswood Capital Management L.L.C. (6.36%), BlackRock Inc. (2.07%), Emerald Mutual Fund Advisers Trust (1.47%), EJF Capital LLC (1.40%), Jennison Associates LLC (0.62%) and Millennium Management LLC (0.55%). Company insiders that own Sterling Bancorp stock include Gary S Judd, J Seligman 1993 Long Te Scott, KISS Dynasty Trust No 5, Lyle M Wolberg, Michael A Montemayor, Seth S Meltzer and Thomas W Jr Lopp. 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 Millennium Management LLC, EJF Capital LLC, Basswood Capital Management L.L.C., First Trust Advisors LP, TD Asset Management Inc., Two Sigma Investments LP, Bank of America Corp DE and Two Sigma Advisers LP. View Insider Buying and Selling 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 Bank of New York Mellon Corp, Jennison Associates LLC, BlackRock Inc., SG Americas Securities LLC, Geode Capital Management LLC, Geode Capital Management LLC, D. E. Shaw & Co. Inc. and American Century Companies Inc.. Company insiders that have bought Sterling Bancorp stock in the last two years include Gary S Judd, Lyle M Wolberg, Michael A Montemayor, Seth S Meltzer and Thomas W Jr Lopp. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Sterling Bancorp's stock price today?

One share of SBT stock can currently be purchased for approximately $9.14.

How big of a company is Sterling Bancorp?

Sterling Bancorp has a market capitalization of $475.10 million and generates $183.81 million in revenue each year. The company earns $63.47 million in net income (profit) each year or $1.20 on an earnings per share basis.

What is Sterling Bancorp's official website?

The official website for Sterling Bancorp is http://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]


MarketBeat Community Rating for Sterling Bancorp (NASDAQ SBT)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  105 (Vote Outperform)
Underperform Votes:  98 (Vote Underperform)
Total Votes:  203
MarketBeat's community ratings are surveys of what our community members think about Sterling Bancorp and other stocks. Vote "Outperform" if you believe SBT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SBT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/25/2019 by MarketBeat.com Staff

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