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.
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
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 announced 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 of this dividend 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 results on Tuesday, January, 30th. The company reported $0.20 earnings per share (EPS) for the quarter. The business earned $29.74 million during the quarter. View Sterling Bancorp's Earnings History.
What price target have analysts set for SBT?
1 analysts have issued 1 year price targets for Sterling Bancorp's stock. Their forecasts range from $14.50 to $14.50. On average, they expect Sterling Bancorp's stock price to reach $14.50 in the next year. View Analyst Ratings for Sterling Bancorp.
Who are some of Sterling Bancorp's key competitors?
Some companies that are related to Sterling Bancorp include Brookline Bancorp (BRKL), OceanFirst Financial (OCFC), Meta Financial Group (CASH), Kearny Financial (KRNY), Northfield Bancorp (NFBK), Dime Community Bancshares (DCOM), First Defiance Financial (FDEF), Access National (ANCX), Wauwatosa (WSBF), HomeTrust Bancshares (HTBI), Farmers & Merchants Bancorp (FMAO), Clifton Bancorp (CSBK), Charter Financial (CHFN), Westfield Financial (WNEB), BankFinancial (BFIN), Territorial Bancorp (TBNK), Northrim BanCorp (NRIM) and BCB Bancorp (BCBP).
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 (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.
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 headlines about SBT stock have been trending somewhat positive on Sunday, Accern reports. The research firm scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sterling Bancorp earned a daily sentiment score of 0.17 on Accern's scale. They also gave headlines about the company an impact score of 46.23 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.
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)
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.
Sterling Bancorp (NASDAQ:SBT) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
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."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | N/A |
| Consensus Rating Score: | 3.00 | 3.00 | 3.00 | N/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 | $14.50 | N/A |
| Price Target Upside: | 10.27% upside | 12.75% upside | 12.75% upside | N/A |
Sterling Bancorp (NASDAQ:SBT) Consensus Price Target History
Sterling Bancorp (NASDAQ:SBT) Analyst Ratings History
Show:
| Date | Brokerage | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 1/3/2018 | Sandler O'Neill | Reiterated Rating | Buy | $14.50 | Medium |  |
(Data available from 4/22/2016 forward)
Sterling Bancorp (NASDAQ:SBT) Earnings History and Estimates Chart
Sterling Bancorp (NASDAQ SBT) Earnings History by Quarter
| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 1/30/2018 | Q4 2017 | | $0.20 | | $29.74 million | View | N/A | |
(Earnings results data provided by Zacks Investment Research)
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 |
Sterling Bancorp (NASDAQ:SBT) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/1/2018 | special | $0.01 | | 2/13/2018 | 2/14/2018 | 2/28/2018 |
(Data available from 1/1/2013 forward)
Sterling Bancorp (NASDAQ SBT) Insider Trading and Institutional Ownership History
Institutional Ownership Percentage: 28.79%
Sterling Bancorp (NASDAQ SBT) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/22/2018 | Michael A Montemayor | Insider | Buy | 2,000 | $13.20 | $26,400.00 | | |
| 12/4/2017 | J. Seligman 1993 Long Te Scott | Major Shareholder | Sell | 363,576 | $12.00 | $4,362,912.00 | | |
| 12/4/2017 | Seth S Meltzer | Director | Sell | 93,887 | $12.00 | $1,126,644.00 | | |
| 11/21/2017 | Gary S Judd | Chairman | Buy | 7,600 | $12.00 | $91,200.00 | | |
| 11/21/2017 | K.I.S.S. Dynasty Trust No. 5 | Major Shareholder | Sell | 1,543,459 | $12.00 | $18,521,508.00 | | |
| 11/21/2017 | Michael A Montemayor | Insider | Buy | 10,000 | $12.00 | $120,000.00 | | |
| 11/21/2017 | Seth S Meltzer | Director | Sell | 304,933 | $12.00 | $3,659,196.00 | | |
| 11/21/2017 | Thomas W Jr. Lopp | CFO | Buy | 7,000 | $12.00 | $84,000.00 | | |
(Data available from 1/1/2013 forward)
Sterling Bancorp (NASDAQ SBT) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Sterling 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 Intelligence
finance.yahoo.com - March 26 at 8:31 AM |
 | Sterling 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 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)
www.americanbankingnews.com - March 3 at 4:32 AM |
| 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 Directors
finance.yahoo.com - February 27 at 7:17 AM |
| 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 $0.01
www.americanbankingnews.com - February 1 at 6:24 PM |
| Sterling 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 30
finance.yahoo.com - January 26 at 8:02 AM |
 | Exclusive: Major bank in Houston to relocate, downsize local HQ
www.bizjournals.com - January 3 at 6:37 PM |
| Sterling 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 O'Neill
www.americanbankingnews.com - December 21 at 9:36 AM |
| 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 Shares
www.americanbankingnews.com - December 5 at 8:34 PM |
| Sterling 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 Stock
www.americanbankingnews.com - November 21 at 9:10 PM |
| Michael 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 Stock
www.americanbankingnews.com - November 21 at 9:08 PM |
| Sterling 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 Stock
www.americanbankingnews.com - November 21 at 4:18 PM |
Sterling Bancorp (NASDAQ:SBT) SEC Filings
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Sterling Bancorp (NASDAQ:SBT) Income Statement, Balance Sheet and Cash Flow Statement
Sterling Bancorp (NASDAQ SBT) Stock Chart for Sunday, April, 22, 2018
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