Sterling Bancorp (SBT) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $4.71 to $4.78
• 50-Day Range: $4.61 to $4.86
• 52-Week Range: $4.40 to $5.97
• Volume: 72,724 shs
• Average Volume: 37,063 shs
• Market Capitalization: $249.01 million
• P/E Ratio: 36.62
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Sterling Bancorp Stock Analysis - MarketRank™

Sterling Bancorp scored higher than 30% of companies evaluated by MarketBeat, and ranked 717th out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Sterling Bancorp.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Sterling Bancorp is 36.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.35.

Price to Earnings Ratio vs. Sector

The P/E ratio of Sterling Bancorp is 36.62, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 26.70.

Price to Book Value per Share Ratio

Sterling Bancorp has a P/B Ratio of 0.76. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.45% of the float of Sterling Bancorp has been sold short.

Short Interest Ratio / Days to Cover

Sterling Bancorp has a short interest ratio ("days to cover") of 6.7.

Change versus previous month

Short interest in Sterling Bancorp has recently decreased by 12.78%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Sterling Bancorp does not currently pay a dividend.

Dividend Growth

Sterling Bancorp does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Sterling Bancorp is 30.77%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.45% of the float of Sterling Bancorp has been sold short.

Short Interest Ratio / Days to Cover

Sterling Bancorp has a short interest ratio ("days to cover") of 6.7.

Change versus previous month

Short interest in Sterling Bancorp has recently decreased by 12.78%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.91

News Sentiment

Sterling Bancorp has a news sentiment score of 0.91. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.75 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Sterling Bancorp this week, compared to 1 article on an average week.

Search Interest

3 people have searched for SBT on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Sterling Bancorp insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.76% of the stock of Sterling Bancorp is held by insiders.

Percentage Held by Institutions

Only 26.37% of the stock of Sterling Bancorp is held by institutions.

SBT Stock Analysis - Frequently Asked Questions

How have SBT shares performed this year?

Sterling Bancorp's stock was trading at $5.77 on January 1st, 2024. Since then, SBT shares have decreased by 17.5% and is now trading at $4.76.
View the best growth stocks for 2024 here.

How were Sterling Bancorp's earnings last quarter?

Sterling Bancorp (NASDAQ:SBT) announced its quarterly earnings data on Wednesday, July, 24th. The company reported $0.03 EPS for the quarter. The firm had revenue of $34.28 million for the quarter. Sterling Bancorp had a net margin of 4.45% and a trailing twelve-month return on equity of 1.83%.

When did Sterling Bancorp IPO?

Sterling Bancorp (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 served as the underwriter for the IPO.

Who are Sterling Bancorp's major shareholders?

Top institutional investors of Sterling Bancorp include Geode Capital Management LLC (0.86%), Stifel Financial Corp (0.19%), Empowered Funds LLC (0.17%) and Barclays PLC (0.05%).
View institutional ownership trends.

How do I buy shares of Sterling Bancorp?

Shares of SBT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Sterling Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Sterling Bancorp investors own include Meta Platforms (META), NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Netflix (NFLX) and Home Depot (HD).

Company Calendar

• Last Earnings: 7/24/2024
• Today: 12/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Federal savings institutions
• Sub-Industry: N/A
• Current Symbol: NASDAQ:SBT
• CUSIP: N/A
• CIK: 1680379
• Web: www.sterlingbank.com
• Phone: 248-355-2400
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $0.13
• Trailing P/E Ratio: 36.62
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $7.41 million
• Net Margins: 4.45%
• Pretax Margin: 6.81%
• Return on Equity: 1.83%
• Return on Assets: 0.25%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.94
• Quick Ratio: 0.94

Sales & Book Value

• Annual Sales: $59.26 million
• Price / Sales: 4.20
• Cash Flow: $0.11 per share
• Price / Cash Flow: 43.50
• Book Value: $6.29 per share
• Price / Book: 0.76

Miscellaneous

• Outstanding Shares: 52,313,000
• Free Float: 51,392,000
• Market Cap: $249.01 million
• Optionable: Optionable
• Beta: 0.52