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 stock has decreased by 12.9% and is now trading at $3.78. View which stocks have been most impacted by Coronavirus.

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 is scheduled to release its next quarterly earnings announcement on Monday, June 8th 2020. View our earnings forecast for Sterling Bancorp.

Sterling Bancorp (NASDAQ:SBT) posted its 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 announced a quarterly dividend on Wednesday, February 12th. Investors 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 yield of 1.06%. The ex-dividend date of this dividend is Thursday, February 20th. View Sterling Bancorp's dividend history.

2 brokers have issued 1 year price targets for Sterling Bancorp's shares. 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 118.3% from the stock's current price. View analysts' price targets for Sterling Bancorp.

News coverage about SBT stock has been trending somewhat negative recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press 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 nearest to five being the most favorable. Sterling Bancorp earned a daily sentiment score of -1.0 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutSterling Bancorp.

Sterling Bancorp saw a drop in short interest in the month of 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 short-interest ratio is currently 2.3 days. Approximately 0.8% of the shares of the company are short sold. View Sterling Bancorp's Current Options Chain.

Some companies that are related to Sterling Bancorp include Kearny Financial (KRNY), Meta Financial Group (CASH), First Defiance Financial (FDEF), 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), PDL Community Bancorp (PDLB), Provident Bancorp (PVBC), BCB Bancorp (BCBP) and Northrim BanCorp (NRIM). View all competitors.

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).

(SBT) raised $130 million in an 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.

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

Sterling Bancorp's stock is owned by a number of institutional and retail investors. Top institutional investors 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.

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.

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.

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 $3.78.

Sterling Bancorp has a market capitalization of $189.76 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.

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]