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

Sign in or create an account to add this stock to your watchlist.
$13.82 +0.07 (+0.51 %)
(As of 05/23/2018 04:00 PM ET)
Previous Close$13.75
Today's Range$13.57 - $13.97
52-Week Range$12.00 - $14.98
Volume90,600 shs
Average Volume136,784 shs
Market Capitalization$731.43 million
P/E RatioN/A
Dividend Yield0.07%
BetaN/A

About Sterling Bancorp (NASDAQ:SBT)

Sterling Bancorp logoSterling 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.

Receive SBT News and Ratings via Email

Sign-up to receive the latest news and ratings for SBT and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

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

Debt

Debt-to-Equity Ratio1.41
Current Ratio1.22
Quick Ratio1.13

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 / Sales5.26
Cash Flow$0.8115 per share
Price / Cash17.03
Book Value$5.44 per share
Price / Book2.54

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 Shares53,000,000

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 declared a quarterly dividend on Tuesday, May 15th. Stockholders of record on Friday, May 25th will be given a dividend of $0.01 per share on Thursday, May 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend is Thursday, May 24th. View Sterling Bancorp's Dividend History.

How were Sterling Bancorp's earnings last quarter?

Sterling Bancorp (NASDAQ:SBT) released its earnings results on Monday, April, 30th. The company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.05. The company earned $34.23 million during the quarter. View Sterling Bancorp's Earnings History.

What price target have analysts set for SBT?

1 Wall Street analysts have issued 12 month price targets for Sterling Bancorp's stock. Their forecasts range from $14.50 to $14.50. On average, they expect Sterling Bancorp's share price to reach $14.50 in the next twelve months. View Analyst Ratings for Sterling Bancorp.

Are investors shorting Sterling Bancorp?

Sterling Bancorp saw a decline in short interest during the month of April. As of April 30th, there was short interest totalling 357,679 shares, a decline of 34.1% from the April 13th total of 543,004 shares. Based on an average trading volume of 65,548 shares, the short-interest ratio is presently 5.5 days. Currently, 1.7% of the shares of the stock are short sold.

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 IPO on Friday, November 17th 2017. The company issued 10,000,000 shares at $12.00-$14.00 per share. Sandler O'Neill & Partners acted as the underwriter for the IPO.

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

Sterling Bancorp's lock-up period expired 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. Shares of the company owned by major shareholders and company insiders are now eligible to be traded as a result of the end of the lock-up period.

Has Sterling Bancorp been receiving favorable news coverage?

News stories about SBT stock have been trending positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sterling Bancorp earned a daily sentiment score of 0.25 on Accern's scale. They also gave media coverage about the company an impact score of 45.89 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near future.

Who are Sterling Bancorp's major shareholders?

Sterling Bancorp's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include EJF Capital LLC (1.61%), BlackRock Inc. (1.60%), Maltese Capital Management LLC (1.43%), Millennium Management LLC (0.85%), Cortina Asset Management LLC (0.51%) and Northern Trust Corp (0.35%). 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.

Which institutional investors are selling Sterling Bancorp stock?

SBT stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Cortina Asset Management LLC and Penn Capital Management Co. Inc.. Company insiders that have sold Sterling Bancorp company stock in the last year include J Seligman 1993 Long Te Scott, KISS Dynasty Trust No 5 and Seth S Meltzer. View Insider Buying and Selling for Sterling Bancorp.

Which institutional investors are buying Sterling Bancorp stock?

SBT stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Northern Trust Corp, Schwab Charles Investment Management Inc., Maltese Capital Management LLC, Legal & General Group Plc, EJF Capital LLC, California State Teachers Retirement System and The Manufacturers Life Insurance Company . 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 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 $13.82.

How big of a company is Sterling Bancorp?

Sterling Bancorp has a market capitalization of $731.43 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:  2.7 out of 5 (star star)
Outperform Votes:  40 (Vote Outperform)
Underperform Votes:  35 (Vote Underperform)
Total Votes:  75
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 4.92%. 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: 4.92% 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 5/23/2016 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
4/30/2018Q1 2018$0.25$0.2970$34.23 millionViewN/AView Earnings Details
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 0.07%. SBT's next quarterly dividend payment will be made on Thursday, May 31.
Next Dividend:5/31/2018
Annual Dividend:$0.01
Dividend Yield:0.07%
Payout Ratio(s):1.23% (Based on Cash Flow)
N/A
Dividend Payments by Quarter for Sterling Bancorp (NASDAQ:SBT)

Sterling Bancorp (NASDAQ:SBT) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
5/15/2018quarterly$0.010.29%5/24/20185/25/20185/31/2018
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

Insider Ownership Percentage: 3.00%
Institutional Ownership Percentage: 31.30%
Insider Trading History for Sterling Bancorp (NASDAQ:SBT)
Institutional Ownership by Quarter 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 (SBT) Announces Quarterly Dividend of $0.01Sterling Bancorp (SBT) Announces Quarterly Dividend of $0.01
www.americanbankingnews.com - May 15 at 6:40 PM
Comparing Sterling Bancorp (SBT) and People's United Financial (PBCT)Comparing Sterling Bancorp (SBT) and People's United Financial (PBCT)
www.americanbankingnews.com - May 14 at 11:16 PM
Sterling Bancorp (SBT) Short Interest UpdateSterling Bancorp (SBT) Short Interest Update
www.americanbankingnews.com - May 14 at 1:10 AM
Analyzing Sterling Bancorp (SBT) and Charter Financial (CHFN)Analyzing Sterling Bancorp (SBT) and Charter Financial (CHFN)
www.americanbankingnews.com - May 13 at 9:52 AM
 Sterling Bancorp (SBT) Receives Average Recommendation of "Strong Buy" from Brokerages Sterling Bancorp (SBT) Receives Average Recommendation of "Strong Buy" from Brokerages
www.americanbankingnews.com - May 10 at 5:25 PM
Sterling Bancorps (SBT) Lock-Up Period Will End  on May 16thSterling Bancorp's (SBT) Lock-Up Period Will End on May 16th
www.americanbankingnews.com - May 9 at 1:04 AM
Sterling Bancorp (SBT) Posts Quarterly  Earnings Results, Beats Expectations By $0.05 EPSSterling Bancorp (SBT) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS
www.americanbankingnews.com - May 1 at 10:47 AM
1st Constitution Bancorp (FCCY) versus Sterling Bancorp (SBT) Critical Survey1st Constitution Bancorp (FCCY) versus Sterling Bancorp (SBT) Critical Survey
www.americanbankingnews.com - May 1 at 9:54 AM
Sterling Bancorp beats by $0.05, beats on revenueSterling Bancorp beats by $0.05, beats on revenue
seekingalpha.com - May 1 at 9:33 AM
Comparing Sterling Bancorp (SBT) and Salisbury Bancorp (SAL)Comparing Sterling Bancorp (SBT) and Salisbury Bancorp (SAL)
www.americanbankingnews.com - April 30 at 9:28 PM
Sterling Bancorp, Inc. to Host Earnings CallSterling Bancorp, Inc. to Host Earnings Call
finance.yahoo.com - April 30 at 3:25 PM
 Sterling Bancorp (SBT) Given $14.00 Average Target Price by Brokerages Sterling Bancorp (SBT) Given $14.00 Average Target Price by Brokerages
www.americanbankingnews.com - April 25 at 3:20 PM
Sterling Bancorp: 1Q Earnings SnapshotSterling Bancorp: 1Q Earnings Snapshot
finance.yahoo.com - April 25 at 9:27 AM
Sterling Bancorp (SBT) Set to Announce Earnings on MondaySterling Bancorp (SBT) Set to Announce Earnings on Monday
www.americanbankingnews.com - April 24 at 8:10 PM
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

This page is loading this company's SEC Filings. Please wait...

Social Media

Financials

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

Chart

Sterling Bancorp (NASDAQ SBT) Stock Chart for Wednesday, May, 23, 2018

Loading chart…

This page was last updated on 5/23/2018 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.