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

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

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.

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.

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.

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.

Some companies that are related to Sterling Bancorp include BofI (BOFI), LegacyTexas Financial Group (LTXB), Flagstar Bank (FBC), Provident Financial Services (PFS), Capitol Federal Financial (CFFN), Kearny Financial (KRNY), Brookline Bancorp (BRKL), OceanFirst Financial (OCFC), Meta Financial Group (CASH), BBX Capital Corp Class B (BBXTB), Northfield Bancorp (NFBK), Dime Community Bancshares (DCOM), First Defiance Financial (FDEF), Access National (ANCX) and HomeTrust Bancshares (HTBI).

(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.

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.

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.

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.

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.

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.

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.

One share of SBT stock can currently be purchased for approximately $13.82.

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.

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]