NASDAQ:SBTSterling Bancorp Stock Price, Forecast & News

Sterling Bancorp's stock was trading at $4.34 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SBT shares have decreased by 20.5% and is now trading at $3.45.
View which stocks have been most impacted by COVID-19.

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) posted its earnings results on Monday, August, 3rd. The company reported $0.07 EPS for the quarter, beating the Zacks' consensus estimate of ($0.17) by $0.24. Sterling Bancorp had a return on equity of 16.55% and a net margin of 30.49%.
View Sterling Bancorp's earnings history.

Sterling Bancorp declared a quarterly dividend on Wednesday, February 12th. Stockholders of record on Friday, February 21st will be given a dividend of $0.01 per share on Friday, February 28th. This represents a $0.04 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Thursday, February 20th.
View Sterling Bancorp's dividend history.

2 brokerages have issued twelve-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 year. This suggests a possible upside of 139.1% from the stock's current price.
View analysts' price targets for Sterling Bancorp.

Press coverage about SBT stock has trended positive this week, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Sterling Bancorp earned a coverage optimism score of 2.4 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the immediate future.
View the latest news about Sterling Bancorp.

Sterling Bancorp saw a increase in short interest in June. As of June 30th, there was short interest totaling 262,100 shares, an increase of 53.5% from the June 15th total of 170,700 shares. Based on an average trading volume of 91,600 shares, the short-interest ratio is currently 2.9 days. Approximately 1.5% 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), Northrim BanCorp (NRIM), PDL Community Bancorp (PDLB), Provident Bancorp (PVBC), Oconee Federal Financial (OFED) and North Dallas Bank Trust (NODB).
View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sterling Bancorp investors own include Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Hallador Energy (HNRG), ADMA Biologics (ADMA), BioNano Genomics (BNGO), DHT (DHT), Golar LNG Partners (GMLP), Gran Tierra Energy (GTE), Matinas BioPharma (MTNB) and Novan (NOVN).

(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.

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

Sterling Bancorp's stock is owned by a variety of retail and institutional investors. Top institutional investors include Banc Funds Co. LLC (1.13%), TCW Group Inc. (0.91%), Bank of New York Mellon Corp (0.43%), Denali Advisors LLC (0.39%), Bowling Portfolio Management LLC (0.20%) and WINTON GROUP Ltd (0.15%). 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 Banc Funds Co. LLC, First Trust Advisors LP, Bowling Portfolio Management LLC, Bank of New York Mellon Corp, Goldman Sachs Group Inc., Bank of America Corp DE, and California Public Employees Retirement System.
View insider buying and selling activity for Sterling Bancorp.

SBT stock was purchased by a variety of institutional investors in the last quarter, including TCW Group Inc., Denali Advisors LLC, Seizert Capital Partners LLC, WINTON GROUP Ltd, BHZ Capital Management LP, and First Republic Investment Management Inc.. 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 $3.45.

Sterling Bancorp has a market capitalization of $173.20 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]