NASDAQ:SBT - Sterling Bancorp Stock Price, Forecast & News

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

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 0.56%. The ex-dividend date is Thursday, February 20th. View Sterling Bancorp's Dividend History.

Sterling Bancorp (NASDAQ:SBT) issued 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 firm 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.

Sterling Bancorp is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for Sterling Bancorp.

2 brokerages have issued 1 year price objectives for Sterling Bancorp's shares. Their forecasts range from $10.50 to $14.00. On average, they expect Sterling Bancorp's stock price to reach $12.25 in the next twelve months. This suggests a possible upside of 72.3% from the stock's current price. View Analyst Price Targets for Sterling Bancorp.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sterling Bancorp in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Sterling Bancorp.

News headlines about SBT stock have been trending very negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Sterling Bancorp earned a media sentiment score of -3.4 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Sterling Bancorp.

Sterling Bancorp saw a decrease in short interest during the month of January. As of January 31st, there was short interest totalling 179,800 shares, a decrease of 16.8% from the January 15th total of 216,100 shares. Based on an average daily volume of 89,500 shares, the short-interest ratio is currently 2.0 days. Currently, 1.2% of the company's stock are short sold. View Sterling Bancorp's Current Options Chain.

Some companies that are related to Sterling Bancorp include Meta Financial Group (CASH), Brookline Bancorp (BRKL), OceanFirst Financial (OCFC), Kearny Financial (KRNY), Northfield Bancorp (NFBK), Dime Community Bancshares (DCOM), First Defiance Financial (FDEF), Waterstone Financial (WSBF), Hometrust Bancshares (HTBI), BBX Capital (BBXTB), NASB Financial (NASB), Farmers & Merchants Bancorp, Inc. (OH) (FMAO), Territorial Bancorp (TBNK), Northrim BanCorp (NRIM) and PDL Community Bancorp (PDLB).

Based on aggregate information from My MarketBeat watchlists, some companies that other Sterling Bancorp investors own include Huntington Bancshares (HBAN), People's United Financial (PBCT), KeyCorp (KEY), Immunomedics (IMMU), JetBlue Airways (JBLU), News (NWSA), Pattern Energy Group (PEGI), Rigel Pharmaceuticals (RIGL), SLM (SLM) and Apple Hospitality REIT (APLE).

(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 stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Banc Funds Co. LLC (1.19%), Hotchkis & Wiley Capital Management LLC (0.98%), Eaton Vance Management (0.80%), State Street Corp (0.76%), Renaissance Technologies LLC (0.65%) and Bank of New York Mellon Corp (0.48%). Company insiders that own Sterling Bancorp stock include Lyle M Wolberg, Michael A Montemayor 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 Jennison Associates LLC, TCW Group Inc., EJF Capital LLC, Oxford Asset Management LLP, Pacific Ridge Capital Partners LLC, Acadian Asset Management LLC, Credit Suisse AG and Bank of America Corp DE. View Insider Buying and Selling for Sterling Bancorp.

SBT stock was acquired by a variety of institutional investors in the last quarter, including Eaton Vance Management, Hotchkis & Wiley Capital Management LLC, Renaissance Technologies LLC, Martingale Asset Management L P, Strs Ohio, Zebra Capital Management LLC, Bank of New York Mellon Corp and Seizert Capital Partners LLC. Company insiders that have bought Sterling Bancorp stock in the last two years include Lyle M Wolberg, Michael A Montemayor and Seth S Meltzer. 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, Robinhood, Fidelity and Charles Schwab.

One share of SBT stock can currently be purchased for approximately $7.11.

Sterling Bancorp has a market capitalization of $356.92 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. View Additional Information About Sterling Bancorp.

The official website for Sterling Bancorp is http://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]