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NASDAQ:SBTSterling Bancorp Stock Price, Forecast & News

$3.07
+0.10 (+3.37 %)
(As of 05/28/2020 04:00 PM ET)
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Compare
Today's Range
$2.84
Now: $3.07
$3.26
50-Day Range
$2.76
MA: $3.22
$4.08
52-Week Range
$2.53
Now: $3.07
$10.55
Volume59,452 shs
Average Volume65,863 shs
Market Capitalization$154.12 million
P/E Ratio2.74
Dividend Yield1.35%
Beta1.04
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.
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Sterling Bancorp logo

Beat the Market (BTM) Rank

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

Industry Federal savings institutions
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:SBT
CUSIPN/A
Phone248-355-2400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$186.82 million
Cash Flow$1.47 per share
Book Value$6.32 per share

Profitability

Net Income$56.95 million

Miscellaneous

EmployeesN/A
Market Cap$154.12 million
Next Earnings Date6/1/2020 (Estimated)
OptionableNot Optionable

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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 COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SBT shares have decreased by 29.3% and is now trading at $3.07. 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) posted its quarterly earnings results on Wednesday, January, 29th. The company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.03. The business had revenue of $32.35 million for the quarter. Sterling Bancorp had a return on equity of 16.55% and a net margin of 30.49%. View Sterling Bancorp's earnings history.

How often does Sterling Bancorp pay dividends? What is the dividend yield for Sterling Bancorp?

Sterling Bancorp announced a quarterly dividend on Wednesday, February 12th. Stockholders 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 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Thursday, February 20th. View Sterling Bancorp's dividend history.

What price target have analysts set for SBT?

2 brokerages have issued twelve-month price objectives 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 twelve months. This suggests a possible upside of 168.7% from the stock's current price. View analysts' price targets for Sterling Bancorp.

Has Sterling Bancorp been receiving favorable news coverage?

News coverage about SBT stock has trended very negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real-time. 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 -3.0 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutSterling Bancorp.

Are investors shorting Sterling Bancorp?

Sterling Bancorp saw a drop in short interest in May. As of May 15th, there was short interest totaling 142,300 shares, a drop of 14.3% from the April 30th total of 166,000 shares. Based on an average daily volume of 60,700 shares, the days-to-cover ratio is currently 2.3 days. Approximately 0.8% of the shares of the stock are sold short. View Sterling Bancorp's Current Options Chain.

Who are some of Sterling Bancorp's key competitors?

What other stocks do shareholders of Sterling Bancorp own?

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 a price of $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 a variety of retail and institutional 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 major 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 major investors are buying Sterling Bancorp stock?

SBT stock was bought 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 $3.07.

How big of a company is Sterling Bancorp?

Sterling Bancorp has a market capitalization of $154.12 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 5/28/2020 by MarketBeat.com Staff

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