NASDAQ:SBTSterling Bancorp Stock Price, Forecast & News

Sterling Bancorp's stock was trading at $4.34 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SBT shares have decreased by 22.6% and is now trading at $3.36.
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2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sterling Bancorp in the last year. There are currently 1 sell rating and 1 hold rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Sterling Bancorp.

Sterling Bancorp (NASDAQ:SBT) issued its quarterly earnings data on Monday, August, 3rd. The company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.17) by $0.24. Sterling Bancorp had a net margin of 30.49% and a return on equity of 16.55%.
View Sterling Bancorp's earnings history.

Sterling Bancorp announced a quarterly dividend on Wednesday, February 12th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.01 per share on Friday, February 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, February 20th.
View Sterling Bancorp's dividend history.

2 equities research analysts have issued 12 month price targets for Sterling Bancorp's stock. Their forecasts range from $6.00 to $10.50. On average, they anticipate Sterling Bancorp's share price to reach $8.25 in the next twelve months. This suggests a possible upside of 145.5% from the stock's current price.
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Media stories about SBT stock have trended extremely negative on Sunday, InfoTrie reports. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Sterling Bancorp earned a media sentiment score of -4.8 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days.
View the latest news about Sterling Bancorp.

Sterling Bancorp saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 292,900 shares, an increase of 11.8% from the July 15th total of 262,100 shares. Based on an average daily volume of 94,800 shares, the days-to-cover ratio is currently 3.1 days. Approximately 1.6% of the company's stock are short sold.
View Sterling Bancorp's Short Interest.

Some companies that are related to Sterling Bancorp include Kearny Financial (KRNY), Northfield Bancorp (NFBK), Dime Community Bancshares (DCOM), Waterstone Financial (WSBF), NASB Financial (NASB), BBX Capital (BBXTB), Hometrust Bancshares (HTBI), Farmers & Merchants Bancorp, Inc. (OH) (FMAO), Territorial Bancorp (TBNK), First Capital (FCAP), PDL Community Bancorp (PDLB), Provident Bancorp (PVBC), Northrim BanCorp (NRIM), North Dallas Bank Trust (NODB) and Oconee Federal Financial (OFED).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Sterling Bancorp investors own include Huntington Bancshares (HBAN), KeyCorp (KEY), People's United Financial (PBCT), Ring Energy (REI), Ring Energy (REI), Apple Hospitality REIT (APLE), CenterPoint Energy (CNP), Canadian Natural Resources (CNQ), CNX Resources (CNX) and Centurylink (CTL).

(SBT) raised $130 million in an initial public offering (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 served as the underwriter for the IPO.

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

Sterling Bancorp's stock is owned by a number of institutional and retail investors. Top institutional shareholders include TCW Group Inc. (0.91%), Denali Advisors LLC (0.39%), Bowling Portfolio Management LLC (0.20%), WINTON GROUP Ltd (0.15%), Seizert Capital Partners LLC (0.11%) and First Trust Advisors LP (0.06%). Company insiders that own Sterling Bancorp stock include Lyle M Wolberg and Seth S Meltzer.
View institutional ownership trends for Sterling Bancorp.

SBT stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, and Bowling Portfolio Management LLC.
View insider buying and selling activity for Sterling Bancorp.

SBT stock was bought by a variety of institutional investors in the last quarter, including TCW Group Inc., Denali Advisors LLC, Seizert Capital Partners LLC, and WINTON GROUP Ltd. Company insiders that have bought Sterling Bancorp stock in the last two years include Lyle M Wolberg, and Seth S Meltzer.
View insider buying and selling activity 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 $3.36.

Sterling Bancorp has a market capitalization of $168.67 million and generates $186.82 million in revenue each year.

The official website for Sterling Bancorp is 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]