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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/17/2023 | $6.75 → $6.00 | Neutral → Overweight | Piper Sandler |
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) credit losses of $(2.3) million; ratio of allowance for credit losses to total loans of 2.04% Non-interest expense of $15.6 million Shareholders' equity of $334.6 million Company's consolidated and Bank's leverage ratio of 1
Sterling Bancorp, Inc. (NASDAQ:SBT) ("Sterling" or the "Company"), the holding company of Sterling Bank and Trust, F.S.B. (the "Bank"), today announced that the Company has entered into a definitive stock purchase agreement with Jacksonville, Florida-based EverBank Financial Corp ("EverBank"), pursuant to which EverBank would acquire all of the stock of the Bank for fixed cash consideration of $261,000,000. The sale transaction is subject to customary closing conditions, including regulatory approvals and approval by Sterling's shareholders. Sterling's board of directors has unanimously approved the sale transaction, which is expected to close in the first quarter of 2025. As a condition fo
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 second quarter ended June 30, 2024. Second Quarter 2024 Highlights Net income of $1.3 million, or $0.03 per diluted share Net interest margin of 2.44% Nonperforming loans of $12.2 million, 0.97% of total loans and 0.51% of total assets Provision for (recovery of) credit losses of $(2.1) million; ratio of allowance for credit losses to total loans of 2.18% Non-interest expense of $14.9 million Shareholders' equity of $328.9 million Company's consolidated and Bank's leverage ratio o
4 - Sterling Bancorp, Inc. (0001680379) (Issuer)
4 - Sterling Bancorp, Inc. (0001680379) (Issuer)
4 - Sterling Bancorp, Inc. (0001680379) (Issuer)
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) credit losses of $(2.3) million; ratio of allowance for credit losses to total loans of 2.04% Non-interest expense of $15.6 million Shareholders' equity of $334.6 million Company's consolidated and Bank's leverage ratio of 1
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 second quarter ended June 30, 2024. Second Quarter 2024 Highlights Net income of $1.3 million, or $0.03 per diluted share Net interest margin of 2.44% Nonperforming loans of $12.2 million, 0.97% of total loans and 0.51% of total assets Provision for (recovery of) credit losses of $(2.1) million; ratio of allowance for credit losses to total loans of 2.18% Non-interest expense of $14.9 million Shareholders' equity of $328.9 million Company's consolidated and Bank's leverage ratio o
Conference Call and Webcast to be Held on Wednesday, July 24, 2024 at 11 AM Eastern Time 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 and Webcast Information: Date: Wednesday, July 24, 2024 Time: 11 AM Eastern Time Telephone Access: U.S. callers: (833) 535-2201; Internation
DEFM14A - Sterling Bancorp, Inc. (0001680379) (Filer)
10-Q - Sterling Bancorp, Inc. (0001680379) (Filer)
8-K - Sterling Bancorp, Inc. (0001680379) (Filer)
Sterling Bancorp (NASDAQ:SBT) reported quarterly earnings of $0.03 per share which missed the analyst consensus estimate of $0.04 by 25 percent. This is a 40 percent decrease over earnings of $0.05 per share from the same period last year. The company reported quarterly sales of $14.807 million which missed the analyst consensus estimate of $15.090 million by 1.88 percent. This is a 18.17 percent decrease over sales of $18.095 million the same period last year.
Sterling Bancorp (NASDAQ:SBT) reported quarterly sales of $15.133 million which missed the analyst consensus estimate of $15.460 million by 2.12 percent. This is a 15.71 percent decrease over sales of $17.954 million the same period last year.
Sterling Bancorp (NASDAQ:SBT) reported quarterly earnings of $0.10 per share which beat the analyst consensus estimate of $0.03 by 233.33 percent. The company reported quarterly sales of $15.32 million which missed the analyst consensus estimate of $16.37 million by 6.43 percent. This is a 18.39 percent decrease over sales of $18.77 million the same period last year.
SC 13D/A - Sterling Bancorp, Inc. (0001680379) (Subject)
SC 13G/A - Sterling Bancorp, Inc. (0001680379) (Subject)
SC 13G - Sterling Bancorp, Inc. (0001680379) (Subject)
Sterling Bancorp, Inc. (NASDAQ:SBT) ("Sterling" or the "Company"), the holding company of Sterling Bank and Trust, F.S.B. (the "Bank"), today announced that on March 24, 2022, the Company appointed Mr. Michael Donahue and Mr. Eboh "Duke" Okorie to the Board of Directors of the Company (the "Board"), effective immediately. Mr. Donahue and Mr. Okorie will serve as directors until the 2022 annual meeting of the shareholders of the Company (the "2022 Annual Meeting") and until their respective successors are duly elected and qualified or their earlier resignation or removal. Mr. Donahue and Mr. Okorie have been nominated for re-election by the Company's shareholders at the 2022 Annual Meeting.
Piper Sandler upgraded Sterling Bancorp, Inc. from Neutral to Overweight and set a new price target of $6.00 from $6.75 previously
Hovde Group initiated coverage of Sterling Bancorp, Inc. with a rating of Outperform and set a new price target of $6.00