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SBT

Sterling Bancorp, Inc. (Southfield, MI)

https://www.sterlingbank.com

Industry

Banks - Regional

Sterling Bancorp, Inc. (Southfield, MI) operates as the unitary thrift holding company for Sterling Bank and Trust, F.S.B. that provides community banking services to individuals and businesses. It offers checking, savings, and money market accounts, as well as IRAs and certificates of deposit; and one- to four-family residential, commercial, commercial real estate, construction, and consumer loans, as well as commercial lines of credit. The company also provides retail banking services. It operates through a network of 28 branches in San Francisco and Los Angeles, California; New York, New York; and Southfield, Michigan. The company was founded in 1984 and is headquartered in Southfield, Michigan.

Open

4.84

Mkt cap

253M

Volume

59K

High

4.90

P/E Ratio

40.33

52-wk high

6.01

Low

4.77

Div yield

N/A

52-wk low

4.40

Sterling Bancorp (NASDAQ:SBT) reported Q4 earnings per share (EPS) of $0.10, surpassing the consensus estimate of $0.03 by 233.33%. However, their quarterly sales of $15.32M fell short of the expected $16.37M, a 6.43% miss and an 18.39% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 12:58 pm

Earnings reports for January 24, 2024, are scheduled for a wide range of companies across various industries. The reports include a mix of expected profits and losses, with key players like Freeport-McMoRan, General Dynamics, ASML Holding, and Tesla among those reporting. Investors will be closely watching these earnings releases to gauge company performance and sector health.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 10:11 am

Sterling Bancorp (NASDAQ:SBT) is scheduled to release its quarterly earnings report on January 24, 2024. Analysts predict an EPS of $0.03. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Sterling Bancorp's stock price has shown varied reactions to earnings performance. The stock is currently trading at $5.45, with a 14.7% decline over the past 52 weeks. Investors are likely bearish as they await the earnings report.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 6:02 pm

Sterling Bancorp (NASDAQ:SBT) reported Q3 earnings of $0.01 per share, missing the analyst consensus estimate of $0.04 by 75%. This is a 50% decrease from the same period last year. The company also reported quarterly sales of $16.38 million, missing the analyst consensus estimate of $17.27 million by 5.17%. This is a 14.62% decrease from the same period last year.

Portfolio Pulse from mahesh@benzinga.com

October 25, 2023 | 11:59 am

Sterling Bancorp (NASDAQ:SBT) reported Q2 earnings of $0.05 per share, beating the analyst consensus estimate of $0.03 by 66.67%. This is a 225% increase from the same period last year. The company also reported quarterly sales of $18.09 million, beating the analyst consensus estimate of $17.86 million by 1.32%, but a 7.28% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 11:58 am

Sterling Bancorp's plea agreement with the Department of Justice (DOJ) has received final court approval. The agreement, which resolves the DOJ's investigation into the bank's Advantage Loan Program, requires the company to pay $27.2 million in restitution to non-insider victim shareholders.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 10:05 pm

Sterling Bancorp has announced that the SEC has concluded its investigation into the company's accounting, financial reporting, disclosure matters, and internal controls related to the terminated Advantage Loan Program. The SEC does not intend to recommend enforcement action against the company.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 8:21 pm

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