NASDAQ:SBT - Sterling Bancorp Stock Price, Price Target & More

$13.15 +0.04 (+0.31 %)
(As of 04/20/2018 04:00 PM ET)
Previous Close$13.15
Today's Range$13.0150 - $13.22
52-Week Range$12.00 - $14.98
Volume42,715 shs
Average Volume81,153 shs
Market Capitalization$694.34 million
P/E RatioN/A
Dividend Yield0.08%
BetaN/A

About Sterling Bancorp (NASDAQ:SBT)

Sterling Bancorp, Inc. (Southfield, MI) operates as the unitary thrift holding company for Sterling Bank and Trust, f.s.b. that provides community banking services to individual and business customers in the United States. The company offers checking, saving, and money market accounts, as well as IRAs and certificates of deposits; and one- to four-family residential, commercial, commercial real estate, construction, and consumer loans, as well as commercial lines of credit. As of August 31, 2017, it operated through 20 branches in greater San Francisco, 4 branches in Los Angeles, 1 branch in New York City, and 1 operational-focused branch in Southfield; and 1 loan production office near Seattle, Washington. The company was founded in 1984 and is headquartered in Southfield, Michigan.

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Industry, Sector and Symbol

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

Debt

Debt-to-Equity Ratio1.47%
Current Ratio1.21%
Quick Ratio1.16%

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 / Sales5.00
Cash Flow$0.8127 per share
Price / Cash16.18
Book Value$5.16 per share
Price / Book2.55

Profitability

EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A

Miscellaneous

Employees308
Outstanding Shares52,960,000

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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 special dividend on Thursday, February 1st. Investors of record on Wednesday, February 14th will be given a dividend of $0.01 per share on Wednesday, February 28th. The ex-dividend date is Tuesday, February 13th. View Sterling Bancorp's Dividend History.

How were Sterling Bancorp's earnings last quarter?

Sterling Bancorp (NASDAQ:SBT) issued its quarterly earnings data on Tuesday, January, 30th. The company reported $0.20 earnings per share (EPS) for the quarter. The firm had revenue of $29.74 million for the quarter. View Sterling Bancorp's Earnings History.

What price target have analysts set for SBT?

1 equities research analysts have issued 1 year price objectives for Sterling Bancorp's shares. Their predictions range from $14.50 to $14.50. On average, they anticipate Sterling Bancorp's share 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:
  • 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 on Friday, November 17th 2017. The company issued 10,000,000 shares at $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 public offering on November 17th. The total size of the offering was $180,000,000 based on an initial share price of $12.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Has Sterling Bancorp been receiving favorable news coverage?

Media coverage about SBT stock has been trending somewhat positive on Saturday, according to Accern. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sterling Bancorp earned a news impact score of 0.11 on Accern's scale. They also gave media headlines about the company an impact score of 45.09 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future.

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 $13.15.

How big of a company is Sterling Bancorp?

Sterling Bancorp has a market capitalization of $694.34 million and generates $139.34 million in revenue each year. Sterling Bancorp employs 308 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 or via email at [email protected]


MarketBeat Community Rating for Sterling Bancorp (SBT)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  35 (Vote Outperform)
Underperform Votes:  32 (Vote Underperform)
Total Votes:  67
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.

Analyst Ratings

Sterling Bancorp (NASDAQ:SBT) Price Target and Consensus Rating

  (How are Consensus Ratings Calculated?)
1 Wall Street analysts have issued ratings and price targets for Sterling Bancorp in the last 12 months. Their average twelve-month price target is $14.50, suggesting that the stock has a possible upside of 10.27%. The high price target for SBT is $14.50 and the low price target for SBT is $14.50. There are currently 1 buy rating for the stock, resulting in a consensus rating of "Buy."
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: BuyBuyBuyN/A
Consensus Rating Score: 3.003.003.00N/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)
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)
Consensus Price Target: $14.50$14.50$14.50N/A
Price Target Upside: 10.27% upside12.75% upside12.75% upsideN/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 4/21/2016 forward)

Earnings

Sterling Bancorp (NASDAQ:SBT) Earnings History and Estimates Chart

Earnings by Quarter for Sterling Bancorp (NASDAQ:SBT)

Sterling Bancorp (NASDAQ SBT) Earnings History by Quarter

DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
1/30/2018Q4 2017$0.20$29.74 millionViewN/AView Earnings Details
(Earnings results data provided by Zacks Investment Research)

Dividends

Sterling Bancorp (NASDAQ:SBT) Dividend Information

Sterling Bancorp pays an annual dividend of $0.01 per share, with a dividend yield of 0.08%. SBT's most recent special dividend payment was Wednesday, February 28.
Most Recent Dividend:2/28/2018
Annual Dividend:$0.01
Dividend Yield:0.08%
Payout Ratio:N/A
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$0.012/13/20182/14/20182/28/2018
(Data available from 1/1/2013 forward)

Insider Trades

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

Institutional Ownership Percentage: 28.79%
Insider Trading History for Sterling Bancorp (NASDAQ:SBT)
Insider Trading History for Sterling Bancorp (NASDAQ:SBT)

Sterling Bancorp (NASDAQ SBT) Insider Trading History

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
3/22/2018Michael A MontemayorInsiderBuy2,000$13.20$26,400.00View SEC Filing  
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. to Announce First Quarter 2018 Financial Results on Monday, April 30Sterling Bancorp, Inc. to Announce First Quarter 2018 Financial Results on Monday, April 30
finance.yahoo.com - April 11 at 8:49 AM
Sterling Bancorp, Inc. Ranked as the Top Performing Community Bank in the United States by SNL/S&P Global Market IntelligenceSterling Bancorp, Inc. Ranked as the Top Performing Community Bank in the United States by SNL/S&P Global Market Intelligence
finance.yahoo.com - March 26 at 8:31 AM
Sterling Bancorp Inc (SBT) Insider Michael A. Montemayor Acquires 2,000 SharesSterling Bancorp Inc (SBT) Insider Michael A. Montemayor Acquires 2,000 Shares
www.americanbankingnews.com - March 23 at 7:52 PM
Sterling Bancorp (SBT) Presents At Sandler ONeill Partners 2018 West Coast Financial Services Conference - SlideshowSterling Bancorp (SBT) Presents At Sandler O'Neill Partners 2018 West Coast Financial Services Conference - Slideshow
seekingalpha.com - March 9 at 7:51 AM
Banc Funds Co. LLC Invests $5.47 Million in Sterling Bancorp Inc (SBT)Banc Funds Co. LLC Invests $5.47 Million in Sterling Bancorp Inc (SBT)
www.americanbankingnews.com - March 3 at 4:32 AM
Cortina Asset Management LLC Acquires Shares of 310,014 Sterling Bancorp Inc (SBT)Cortina Asset Management LLC Acquires Shares of 310,014 Sterling Bancorp Inc (SBT)
www.americanbankingnews.com - March 2 at 12:47 PM
Rachel Tronstein Stewart Joins Sterling Bancorp, Inc. Board of DirectorsRachel Tronstein Stewart Joins Sterling Bancorp, Inc. Board of Directors
finance.yahoo.com - February 27 at 7:17 AM
Citadel Advisors LLC Buys New Stake in Sterling Bancorp Inc (SBT)Citadel Advisors LLC Buys New Stake in Sterling Bancorp Inc (SBT)
www.americanbankingnews.com - February 24 at 2:21 PM
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 Saturday, April, 21, 2018

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This page was last updated on 4/21/2018 by MarketBeat.com Staff

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