Financial Services - Banks - Regional - NASDAQ - US
$ 4.79
0 %
$ 251 M
Market Cap
39.92
P/E
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.[ Read More ]
The intrinsic value of one SBT stock under the base case scenario is HIDDEN Compared to the current market price of 4.79 USD, Sterling Bancorp, Inc. (Southfield, MI) is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart SBT
FINANCIALS
76.3 M
REVENUE
8.43 M
OPERATING INCOME
7.41 M
NET INCOME
-24.9 M
OPERATING CASH FLOW
238 M
INVESTING CASH FLOW
-15.3 M
FINANCING CASH FLOW
14 M
REVENUE
725 K
OPERATING INCOME
-143 K
NET INCOME
2.7 M
OPERATING CASH FLOW
54.4 M
INVESTING CASH FLOW
53.5 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Sterling Bancorp, Inc. (Southfield, MI)
| Current Assets | 1.01 B |
| Cash & Short-Term Investments | 997 M |
| Receivables | 8.51 M |
| Other Current Assets | 0 |
| Non-Current Assets | 2.26 B |
| Long-Term Investments | 424 M |
| PP&E | 16.9 M |
| Other Non-Current Assets | 1.82 B |
| Current Liabilities | 0 |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 0 |
| Non-Current Liabilities | 2.09 B |
| Long-Term Debt | 58.5 M |
| Other Non-Current Liabilities | 2.03 B |
EFFICIENCY
Earnings Waterfall
Sterling Bancorp, Inc. (Southfield, MI)
| Revenue | 76.3 M |
| Cost Of Revenue | 0 |
| Gross Profit | 76.3 M |
| Operating Expenses | 67.7 M |
| Operating Income | 8.43 M |
| Other Expenses | 1.02 M |
| Net Income | 7.41 M |
RATIOS
100.00%
GROSS MARGIN
11.06%
OPERATING MARGIN
9.72%
NET MARGIN
2.26%
ROE
0.31%
ROA
1.57%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Sterling Bancorp, Inc. (Southfield, MI)
| Net Income | 7.41 M |
| Depreciation & Amortization | 1.33 M |
| Capital Expenditures | -472 K |
| Stock-Based Compensation | 2.1 M |
| Change in Working Capital | -27.6 M |
| Others | -40.7 M |
| Free Cash Flow | -25.4 M |
Wall Street Analysts Price Targets
Sterling Bancorp, Inc. (Southfield, MI)
SBT has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.00%
DIVIDEND YIELD
0.01 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Sterling Bancorp, Inc. (Southfield, MI)
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
4 years ago
Dec 04, 2019
|
Sell 3.79 M USD
|
K.I.S.S. Dynasty Trust No. 9
10 percent owner |
- 400000
|
9.48 USD |
|
5 years ago
Dec 13, 2018
|
Bought 88.5 K USD
|
JUDD GARY S
Chairman & CEO |
+ 10000
|
8.8529 USD |
|
6 years ago
Oct 25, 2018
|
Bought 2.9 K USD
|
Wineman Benjamin J.
Director |
+ 300
|
9.65 USD |
|
6 years ago
Sep 28, 2018
|
Bought 5.65 K USD
|
Wineman Benjamin J.
Director |
+ 500
|
11.3 USD |
|
6 years ago
Oct 25, 2018
|
Bought 49.2 K USD
|
Meltzer Seth S.
Director |
+ 5000
|
9.8417 USD |
|
6 years ago
Oct 25, 2018
|
Bought 9.76 K USD
|
Meltzer Seth S.
Director |
+ 1000
|
9.76 USD |
|
6 years ago
Oct 25, 2018
|
Bought 4.88 K USD
|
Meltzer Seth S.
Director |
+ 500
|
9.76 USD |
|
6 years ago
Aug 22, 2018
|
Bought 11.5 K USD
|
Wolberg Lyle M.
Director |
+ 1000
|
11.5 USD |
|
6 years ago
Nov 21, 2017
|
Bought 353 K USD
|
Sinatra Peter C.
Director |
+ 29415
|
12 USD |
|
6 years ago
Mar 22, 2018
|
Bought 26.4 K USD
|
Montemayor Michael A.
President-Comm&Retail, CLO |
+ 2000
|
13.2 USD |
|
6 years ago
Nov 21, 2017
|
Bought 12 K USD
|
Wolberg Lyle M.
Director |
+ 1000
|
12 USD |
|
6 years ago
Nov 21, 2017
|
Bought 120 K USD
|
Wineman Benjamin J.
Director |
+ 10000
|
12 USD |
|
6 years ago
Nov 21, 2017
|
Bought 24 K USD
|
Fox Jon Melvin
Director |
+ 2000
|
12 USD |
|
6 years ago
Nov 21, 2017
|
Bought 120 K USD
|
Allen Barry Ivan
Director |
+ 10000
|
12 USD |
|
6 years ago
Dec 04, 2017
|
Sell 1.13 M USD
|
Meltzer Seth S.
Director |
- 93887
|
12 USD |
|
6 years ago
Dec 04, 2017
|
Sell 9.5 M USD
|
K.I.S.S. Dynasty Trust No. 9
10 percent owner |
- 791755
|
12 USD |
|
6 years ago
Dec 04, 2017
|
Sell 5.7 M USD
|
K.I.S.S. Dynasty Trust No. 5
10 percent owner |
- 475223
|
12 USD |
|
6 years ago
Dec 04, 2017
|
Sell 4.36 M USD
|
Scott J. Seligman 1993 Long Term Irrevocable Dynasty Trust
10 percent owner |
- 363576
|
12 USD |
|
6 years ago
Nov 21, 2017
|
Sell 9.11 M USD
|
Scott J. Seligman Revocable Living Trust
10 percent owner |
- 758929
|
12 USD |
|
6 years ago
Nov 21, 2017
|
Sell 14.2 M USD
|
Scott J. Seligman 1993 Long Term Irrevocable Dynasty Trust
10 percent owner |
- 1180845
|
12 USD |
|
6 years ago
Nov 21, 2017
|
Sell 30.9 M USD
|
K.I.S.S. Dynasty Trust No. 9
10 percent owner |
- 2571513
|
12 USD |
|
6 years ago
Nov 21, 2017
|
Sell 18.5 M USD
|
K.I.S.S. Dynasty Trust No. 5
10 percent owner |
- 1543459
|
12 USD |
|
6 years ago
Nov 21, 2017
|
Bought 84 K USD
|
Lopp Thomas W. Jr.
President, CFO, COO |
+ 7000
|
12 USD |
|
6 years ago
Nov 21, 2017
|
Bought 120 K USD
|
Montemayor Michael A.
President-Comm&Retail, CLO |
+ 10000
|
12 USD |
|
6 years ago
Nov 21, 2017
|
Bought 91.2 K USD
|
JUDD GARY S
Chairman and CEO |
+ 7600
|
12 USD |
|
6 years ago
Nov 21, 2017
|
Sell 3.66 M USD
|
Meltzer Seth S.
Director |
- 304933
|
12 USD |
7. News
STERLING BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Sterling Bancorp, Inc. - SBT
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Sterling Bank and Trust, F.S.B. (the “Bank”), a wholly owned subsidiary of Sterling Bancorp, Inc. (“Sterling” or the “Company”) (NasdaqCM: SBT), to EverBank Financial Corp. Under the terms of the proposed transaction, EverBank would acquire all of the capital stock of the Bank from the Company for fixed cash c.
businesswire.com
- 1 day ago
Sterling Bancorp Reports Third Quarter 2024 Financial Results
SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bancorp, Inc. (NASDAQ: SBT) (“Sterling” or the “Company”), the holding company of Sterling Bank and Trust, F.S.B. (the “Bank”), today reported its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Net loss of $(0.1) million, or $(0.00) per diluted share Net interest margin of 2.30% Nonperforming loans of $13.2 million, 1.08% of total loans and 0.54% of total assets Provision for (recovery of) cr.
businesswire.com
- 2 weeks ago
STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Sterling Bancorp, Inc.– SBT
NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Sterling Bancorp , Inc . (Nasdaq : SBT ), relating to a proposed merger with EverBank Financial Corp. Under the terms of the agreement, EverBank will acquire all outstanding shares of Sterling Bancorp in an all-cash transaction.
globenewswire.com
- 3 weeks ago
STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Sterling Bancorp, Inc.- SBT
NEW YORK , Oct. 22, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Sterling Bancorp, Inc. (Nasdaq: SBT ), relating to a proposed merger with EverBank Financial Corp. Under the terms of the agreement, EverBank will acquire all outstanding shares of Sterling Bancorp in an all-cash transaction.
prnewswire.com
- 3 weeks ago
STERLING BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Sterling Bancorp, Inc. - SBT
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Sterling Bank and Trust, F.S.B. (the “Bank”), a wholly owned subsidiary of Sterling Bancorp, Inc. (“Sterling” or the “Company”) (NasdaqCM: SBT), to EverBank Financial Corp. Under the terms of the proposed transaction, EverBank would acquire all of the capital stock of the Bank from the Company for fixed cash c.
businesswire.com
- 1 month ago
SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Sterling Bancorp, Inc. Buyout
SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Sterling Bancorp, Inc. Buyout September 17, 2024 11:44 AM EDT | Source: Rigrodsky Law, P.A. Wilmington, Delaware--(Newsfile Corp. - September 17, 2024) - Rigrodsky Law, P.A. is investigating Sterling Bancorp, Inc. ("Sterling") (NASDAQ: SBT) regarding possible breaches of fiduciary duties and other violations of law related to Sterling's agreement to be acquired by EverBank Financial Corp.To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-sterling-bancorp-inc.To contact Seth D. Rigrodsky or Gina M. Serra cost free, call or text (302) 295-5310 or email info@rl-legal.com.Rigrodsky Law, P.A., with offices in Delaware and New York, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in securities fraud and corporate class actions nationwide.Attorney advertising. Prior results do not guarantee a similar outcome.Contact: Rigrodsky Law, P.A.Seth D. Rigrodsky, Esq.Gina M. Serra, Esq.Call or Text: (302) 295-5310 Email: info@rl-legal.com 4879-0176-6366, v. 1To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223623 SOURCE: Rigrodsky Law, P.A.
https://feeds.newsfilecorp.com
- 1 month ago
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Sterling Bancorp, Inc.
NEW YORK , Sept. 16, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Sterling Bancorp, Inc. (NASDAQ: SBT) and its board of directors concerning the proposed acquisition of the company by EverBank Financial Corp. The transaction is valued at $261 million and is expected to close in the first quarter of 2025.
prnewswire.com
- 2 months ago
Shareholder Alert: Ademi LLP investigates whether Sterling Bancorp, Inc. has obtained a Fair Price for its Public Shareholders
MILWAUKEE , Sept. 16, 2024 /PRNewswire/ -- Ademi LLP is investigating Sterling (Nasdaq: SBT) for possible breaches of fiduciary duty and other violations of law in its transaction with Everbank.
prnewswire.com
- 2 months ago
Sterling Bancorp, Inc. to Announce Second Quarter 2024 Financial Results on Wednesday, July 24, 2024
SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bancorp, Inc. (the “Company”) (NASDAQ: SBT), the thrift holding company for Sterling Bank and Trust, F.S.B., Southfield, Michigan (the “Bank”), today announced that it expects to issue its financial results for the second quarter 2024 prior to the market open on Wednesday, July 24, 2024. The Company will also host a conference call and webcast on Wednesday, July 24, 2024 at 11 AM Eastern Time to discuss its financial results. Conference Call, Replay.
businesswire.com
- 4 months ago
Klépierre (OTCMKTS:KLPEF) vs. Digital Realty Trust (NYSE:DLR) Critical Review
Klépierre (OTCMKTS:KLPEF – Get Free Report) and Digital Realty Trust (NYSE:DLR – Get Free Report) are both finance companies, but which is the superior stock? We will compare the two businesses based on the strength of their risk, earnings, analyst recommendations, institutional ownership, profitability, dividends and valuation. Analyst Recommendations This is a summary of recent recommendations for Klépierre and Digital Realty Trust, as provided by MarketBeat.com. Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Klépierre 1 2 0 0 1.67 Digital Realty Trust 2 7 7 1 2.41 Digital Realty Trust has a consensus target price of $142.65, indicating a potential downside of 0.82%. Given Digital Realty Trust’s stronger consensus rating and higher probable upside, analysts clearly believe Digital Realty Trust is more favorable than Klépierre. Valuation & Earnings This table compares Klépierre and Digital Realty Trust’s revenue, earnings per share (EPS) and valuation. Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Klépierre $1.62 billion N/A $208.54 million N/A N/A Digital Realty Trust $5.48 billion 8.20 $948.84 million $3.60 39.95 Digital Realty Trust has higher revenue and earnings than Klépierre. Profitability This table compares Klépierre and Digital Realty Trust’s net margins, return on equity and return on assets. Net Margins Return on Equity Return on Assets Klépierre N/A N/A N/A Digital Realty Trust 21.24% 6.37% 2.72% Risk and Volatility Klépierre has a beta of 1.46, indicating that its stock price is 46% more volatile than the S&P 500. Comparatively, Digital Realty Trust has a beta of 0.55, indicating that its stock price is 45% less volatile than the S&P 500. Insider & Institutional Ownership 99.7% of Digital Realty Trust shares are owned by institutional investors. 0.4% of Digital Realty Trust shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term. Summary Digital Realty Trust beats Klépierre on 11 of the 12 factors compared between the two stocks. About Klépierre (Get Free Report) Klépierre SA is the European leader in shopping malls, combining property development and asset management skills. The Company's portfolio is valued at 19.3 billion at December 31, 2023, and comprises large shopping centers in more than 10 countries in Continental Europe which together host hundreds of millions of visitors per year. Klépierre SA holds a controlling stake in Steen & Strøm (56.1%), Scandinavia's number one shopping center owner and manager. Klépierre SA is a French REIT (SIIC) listed on Euronext Paris and is included in the CAC Next 20 and EPRA Euro Zone Indexes. It is also included in ethical indexes, such as Euronext CAC 40 ESG, Euronext CAC SBT 1.5, MSCI Europe ESG Leaders, FTSE4Good, Euronext Vigeo Europe 120, and features in CDP's A-list. These distinctions underscore the Group's commitment to a proactive sustainable development policy and its global leadership in the fight against climate change. About Digital Realty Trust (Get Free Report) Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges. Digital Realty gives its customers access to the connected data communities that matter to them with a global data center footprint of 300+ facilities in 50+ metros across 25+ countries on six continents.
https://www.defenseworld.net
- 5 months ago
Sterling Bancorp Reports First Quarter 2024 Financial Results
SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bancorp, Inc. (NASDAQ: SBT) (“Sterling” or the “Company”), the holding company of Sterling Bank and Trust, F.S.B. (the “Bank”), today reported its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights Net loss of $(0.2) million, or $(0.00) per diluted share Net interest margin of 2.52% Nonperforming loans of $9.3 million, or 0.72% of total loans and 0.39% of total assets Provision for credit losses of $.
businesswire.com
- 6 months ago
Sterling Bancorp, Inc. to Announce First Quarter 2024 Financial Results on Wednesday, April 24, 2024
SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bancorp, Inc. (the “Company”) (NASDAQ: SBT), the thrift holding company for Sterling Bank and Trust, F.S.B., Southfield, Michigan (the “Bank”), today announced that it expects to issue its financial results for the first quarter 2024 prior to the market open on Wednesday, April 24, 2024. The Company will also host a conference call and webcast on Wednesday, April 24, 2024 at 11 AM Eastern Time to discuss its financial results. Conference Call, Replay.
businesswire.com
- 7 months ago
8. Profile Summary
Sterling Bancorp, Inc. (Southfield, MI) SBT
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 251 M
Dividend Yield
0.00%
Description
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.
Contact
One Towne Square, Southfield, MI, 48076
https://www.sterlingbank.com
IPO Date
Nov. 16, 2017
Employees
248
Officers
Mr. William J. Vowler Jr.
Senior Vice President & Director of Retail Banking
Ms. Christine Meredith
Chief Operating Officer, Senior EVice President & Director
Ms. Elizabeth M. Keogh J.D.
Chief Legal Officer & Corporate Secretary
Ms. Eleni Willis
Chief Risk Officer
Mr. Thomas M. O'Brien
Chairman, President & Chief Executive Officer
Mr. Paul H. Ciancimino
Senior Vice President & Senior Commercial Real Estate Lender
Ms. Karen Zaborney Knott
Executive Vice President, Chief Financial Officer & Treasurer