NASDAQ:SBTSterling Bancorp Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Sterling Bancorp Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $2.85 -0.22 (-7.17 %) (As of 05/29/2020 04:00 PM ET) Add Compare Share Today's Range$2.81Now: $2.85▼$3.0450-Day Range$2.76MA: $3.21▼$4.0852-Week Range$2.53Now: $2.85▼$10.55Volume251,152 shsAverage Volume77,542 shsMarket Capitalization$143.07 millionP/E Ratio2.54Dividend Yield1.30%Beta1.04 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsSocial Media Sterling 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.Read More Beat the Market (BTM) Rank™ 2.8 Analyst's Opinion Consensus RatingSterling Bancorp has received a consensus rating of Hold. The company's average rating score is 1.50, and is based on no buy ratings, 1 hold rating, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $8.25, Sterling Bancorp has a potential upside of 189.5% from its current price of $2.85.Amount of Analyst CoverageSterling Bancorp has only been the subject of 1 research reports in the past 90 days. Previous Next 2.4 Community Rank Outperform VotesSterling Bancorp has received 157 “outperform” votes. (Add your “outperform” vote.)Underperform VotesSterling Bancorp has received 169 “underperform” votes. (Add your “underperform” vote.)Community SentimentSterling Bancorp has received 51.84% “underperform” votes from our community.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. Previous Next 2.5 Dividend Strength Dividend LeadershipSterling Bancorp is a leading dividend payer. It pays a dividend yield of 1.30%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthSterling Bancorp does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Sterling Bancorp is 3.60 %. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Sterling Bancorp insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.00% of the stock of Sterling Bancorp is held by insiders.Percentage Held by InstitutionsOnly 27.14% of the stock of Sterling Bancorp is held by institutions. Previous Next 1.9 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Sterling Bancorp is 2.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.88.Price to Earnings Ratio vs. SectorThe P/E ratio of Sterling Bancorp is 2.54, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.60.Price to Book Value per Share RatioSterling Bancorp has a P/B Ratio of 0.45. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.8Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.91 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Federal savings institutions Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:SBT Previous Symbol CUSIPN/A CIK1680379 Webwww.sterlingbank.com Phone248-355-2400Debt Debt-to-Equity Ratio0.90 Current Ratio1.16 Quick Ratio1.16Price-To-Earnings Trailing P/E Ratio2.54 Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$186.82 million Price / Sales0.77 Cash Flow$1.18 per share Price / Cash Flow2.42 Book Value$6.32 per share Price / Book0.45Profitability EPS (Most Recent Fiscal Year)$1.11 Net Income$56.95 million Net Margins30.49% Return on Equity16.55% Return on Assets1.73%Miscellaneous EmployeesN/A Outstanding Shares50,200,000Market Cap$143.07 million Next Earnings Date6/1/2020 (Estimated) OptionableNot Optionable NASDAQ:SBT Rates by TradingView 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. Sterling Bancorp (NASDAQ:SBT) Frequently Asked Questions How has Sterling Bancorp's stock been impacted by COVID-19 (Coronavirus)? Sterling Bancorp's stock was trading at $4.34 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SBT stock has decreased by 34.3% and is now trading at $2.85. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Sterling Bancorp? 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. When is Sterling Bancorp's next earnings date? Sterling Bancorp is scheduled to release its next quarterly earnings announcement on Monday, June 1st 2020. View our earnings forecast for Sterling Bancorp. How were Sterling Bancorp's earnings last quarter? Sterling Bancorp (NASDAQ:SBT) released its quarterly earnings results on Wednesday, January, 29th. The company reported $0.28 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.25 by $0.03. The business earned $32.35 million during the quarter. Sterling Bancorp had a net margin of 30.49% and a return on equity of 16.55%. View Sterling Bancorp's earnings history. How often does Sterling Bancorp pay dividends? What is the dividend yield for Sterling Bancorp? Sterling Bancorp declared a quarterly dividend on Wednesday, February 12th. Investors 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 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, February 20th. View Sterling Bancorp's dividend history. What price target have analysts set for SBT? 2 brokerages have issued 1-year target prices for Sterling Bancorp's stock. Their forecasts range from $6.00 to $10.50. On average, they expect Sterling Bancorp's stock price to reach $8.25 in the next year. This suggests a possible upside of 189.5% from the stock's current price. View analysts' price targets for Sterling Bancorp. Has Sterling Bancorp been receiving favorable news coverage? Media coverage about SBT stock has trended somewhat negative recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Sterling Bancorp earned a news impact score of -1.4 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 3.0 out of 10, indicating that recent press coverage is unlikely to have an effect on the stock's share price in the near term. View the latest news aboutSterling Bancorp. Are investors shorting Sterling Bancorp? Sterling Bancorp saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 142,300 shares, a decrease of 14.3% from the April 30th total of 166,000 shares. Based on an average trading volume of 60,700 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.8% of the company's stock are short sold. View Sterling Bancorp's Current Options Chain. Who are some of Sterling Bancorp's key competitors? Some companies that are related to Sterling Bancorp include Northfield Bancorp (NFBK), Dime Community Bancshares (DCOM), Waterstone Financial (WSBF), NASB Financial (NASB), Hometrust Bancshares (HTBI), Farmers & Merchants Bancorp, Inc. (OH) (FMAO), Territorial Bancorp (TBNK), First Capital (FCAP), Provident Bancorp (PVBC), BCB Bancorp (BCBP), Northrim BanCorp (NRIM), PDL Community Bancorp (PDLB), Western New England Bancorp (WNEB), Codorus Valley Bancorp (CVLY) and 1st Constitution Bancorp (FCCY). View all competitors. What other stocks do shareholders of Sterling Bancorp own? 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). Who are Sterling Bancorp's key executives? Sterling Bancorp's management team includes the following 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 $12.00-$14.00 per share. Sandler O'Neill & Partners acted as the underwriter for the IPO. What is Sterling Bancorp's stock symbol? Sterling Bancorp trades on the NASDAQ under the ticker symbol "SBT." Who are Sterling Bancorp's major shareholders? Sterling Bancorp's stock is owned by many different institutional and retail investors. Top institutional shareholders include Geode Capital Management LLC (0.49%), Bank of New York Mellon Corp (0.45%), EJF Capital LLC (0.29%), New York State Common Retirement Fund (0.25%), Bowling Portfolio Management LLC (0.24%) and Russell Investments Group Ltd. (0.24%). Company insiders that own Sterling Bancorp stock include Lyle M Wolberg and Seth S Meltzer. 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 TCW Group Inc., Martingale Asset Management L P, EJF Capital LLC, Bank of New York Mellon Corp, Two Sigma Advisers LP, UBS Group AG, and First Trust Advisors LP. View insider buying and selling activity 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 Bowling Portfolio Management LLC, Russell Investments Group Ltd., New York State Common Retirement Fund, Invesco Ltd., Parametric Portfolio Associates LLC, BHZ Capital Management LP, Almitas Capital LLC, and Geode Capital Management LLC. 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. 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, Robinhood, Fidelity, and Charles Schwab. What is Sterling Bancorp's stock price today? One share of SBT stock can currently be purchased for approximately $2.85. How big of a company is Sterling Bancorp? Sterling Bancorp has a market capitalization of $143.07 million and generates $186.82 million in revenue each year. The company earns $56.95 million in net income (profit) each year or $1.11 on an earnings per share basis. What is Sterling Bancorp's official website? The official website for Sterling Bancorp is www.sterlingbank.com. 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] This page was last updated on 5/30/2020 by MarketBeat.com Staff
