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

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

Sterling Bancorp declared a quarterly dividend on Tuesday, November 5th. Investors of record on Monday, November 25th will be paid a dividend of $0.01 per share on Friday, November 29th. This represents a $0.04 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Friday, November 22nd. View Sterling Bancorp's Dividend History.

Sterling Bancorp (NASDAQ:SBT) posted its quarterly earnings results on Monday, October, 28th. The company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.01. The firm had revenue of $33.18 million for the quarter, compared to analyst estimates of $34.40 million. Sterling Bancorp had a return on equity of 17.26% and a net margin of 31.01%. View Sterling Bancorp's Earnings History.

Sterling Bancorp is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for Sterling Bancorp.

Sterling Bancorp will be holding an earnings conference call on Wednesday, January 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

2 equities research analysts have issued 12-month price targets for Sterling Bancorp's shares. Their forecasts range from $10.50 to $14.00. On average, they expect Sterling Bancorp's share price to reach $12.25 in the next year. This suggests a possible upside of 60.6% from the stock's current price. View Analyst Price Targets for Sterling Bancorp.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sterling Bancorp in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Sterling Bancorp.

News coverage about SBT stock has trended somewhat negative this week, InfoTrie Sentiment reports. The research group ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Sterling Bancorp earned a news sentiment score of -1.4 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Sterling Bancorp.

Sterling Bancorp saw a increase in short interest during the month of January. As of January 15th, there was short interest totalling 216,100 shares, an increase of 19.5% from the December 31st total of 180,800 shares. Based on an average daily trading volume, of 90,300 shares, the short-interest ratio is currently 2.4 days. Approximately 1.4% of the shares of the stock are short sold. View Sterling Bancorp's Current Options Chain.

Some companies that are related to Sterling Bancorp include Meta Financial Group (CASH), Brookline Bancorp (BRKL), OceanFirst Financial (OCFC), Kearny Financial (KRNY), Northfield Bancorp (NFBK), Dime Community Bancshares (DCOM), First Defiance Financial (FDEF), Waterstone Financial (WSBF), Hometrust Bancshares (HTBI), BBX Capital (BBXTB), NASB Financial (NASB), Farmers & Merchants Bancorp, Inc. (OH) (FMAO), Territorial Bancorp (TBNK), PDL Community Bancorp (PDLB) and Western New England Bancorp (WNEB).

Based on aggregate information from My MarketBeat watchlists, some companies that other Sterling Bancorp investors own include Huntington Bancshares (HBAN), People's United Financial (PBCT), KeyCorp (KEY), Immunomedics (IMMU), JetBlue Airways (JBLU), News (NWSA), Pattern Energy Group (PEGI), Rigel Pharmaceuticals (RIGL), SLM (SLM) and Apple Hospitality REIT (APLE).

(SBT) raised $130 million in an initial public offering (IPO) 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.

Sterling Bancorp's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Strs Ohio (0.13%) and California Public Employees Retirement System (0.03%). Company insiders that own Sterling Bancorp stock include Lyle M Wolberg, Michael A Montemayor and Seth S Meltzer. View Institutional Ownership Trends for Sterling Bancorp.

SBT stock was purchased by a variety of institutional investors in the last quarter, including Strs Ohio and California Public Employees Retirement System. Company insiders that have bought Sterling Bancorp stock in the last two years include Lyle M Wolberg, Michael A Montemayor and Seth S Meltzer. View Insider Buying and Selling for 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.

One share of SBT stock can currently be purchased for approximately $7.63.

Sterling Bancorp has a market capitalization of $383.05 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. View Additional Information About Sterling Bancorp.

The official website for Sterling Bancorp is http://www.sterlingbank.com/.

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]