• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form SC 13G/A filed by Sterling Bancorp Inc. (Amendment)

    2/14/22 2:02:32 PM ET
    $SBT
    Savings Institutions
    Finance
    Get the next $SBT alert in real time by email
    SC 13G/A 1 sbt13gadec21.htm SBT AS OF 12/31/2021

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

    SCHEDULE 13G

     

    Under the Securities Exchange Act of 1934

     

    (Amendment No. 4)

     

    Sterling Bancorp, Inc.

    (Name of Issuer)

     

    COMMON STOCK

    (Title of Class of Securities)

     

    85917W102

    (CUSIP NUMBER)

     

    December 31, 2021

    (Date of Event which Requires Filing of Statement)

     

    Check the appropriate box to designate the Rule pursuant to which this

    Schedule is filed:

    [x] Rule 13d - 1(b)

    Rule 13d - 1(c)

    Rule 13d - 1(d)

     

    1. Name of Reporting Person

    T. ROWE PRICE ASSOCIATES, INC.

    52-0556948

     

    2. Check the Appropriate Box if a Member of a Group

    NOT APPLICABLE

     

    3. SEC Use Only

     

    4. Citizenship or Place of Organization

    Maryland

     

    Number of Shares Beneficially Owned by Each Reporting Person With

     

    5. Sole Voting Power* 0

     

    6. Shared Voting Power* 0

     

    7. Sole Dispositive Power* 0

     

    8. Shared Dispositive Power 0

     

    9. Aggregate Amount Beneficially Owned by Each Reporting Person

    0

     

    10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares

    NOT APPLICABLE

     

    11. Percent of Class Represented by Amount in Row 9

    0.0%

     

    12. Type of Reporting Person

    IA

     

    *Any shares reported in Items 5 and 6 are also reported in Item 7.

     

     

    Item 1(a) Name of Issuer:

    Sterling Bancorp, Inc.

     

    Item 1(b) Address of Issuer's Principal Executive Offices:

    ONE TOWNE SQUARE, SUITE 1900, SOUTHFIELD, MICHIGAN 48076

     

    Item 2(a) Name of Person(s) Filing:

    (1) T. ROWE PRICE ASSOCIATES, INC. ("Price Associates")

     

     

    Item 2(b) Address of Principal Business Office:

    100 E. Pratt Street, Baltimore, MD 21202

     

    Item 2(c) Citizenship or Place of Organization:

    (1) Maryland

     

    Item 2(d) Title of Class of Securities: COMMON STOCK

     

    Item 2(e) Cusip Number: 85917W102

     

    Item 3: The person filing this Schedule 13G is an:

    X Investment Adviser registered under Section 203 of the Investment

    Advisers Act of 1940

     

    Item 4: Reference is made to Items 5-11 on the preceding pages of this

    Schedule 13G.

     

    Item 5: Ownership of Five Percent or Less of a Class

    This statement is being filed to report the fact that, as of the date

    of this report, the reporting person(s) has (have) ceased to be the

    beneficial owner of more than five percent of the class of securities.

     

    Item 6: Ownership of More than Five Percent on Behalf of Another Person

     

    (1) Price Associates does not serve as custodian of the assets of any of

    its clients; accordingly, in each instance only the client or the

    client's custodian or trustee bank has the right to receive dividends

    paid with respect to, and proceeds from the sale of, such securities.

     

    The ultimate power to direct the receipt of dividends paid with

    respect to, and the proceeds from the sale of, such securities, is

    vested in the individual and institutional clients which Price

    Associates serves as investment adviser. Any and all discretionary

    authority which has been delegated to Price Associates may be revoked

    in whole or in part at any time.

     

    Except as may be indicated if this is a joint filing with one of the

    registered investment companies sponsored by Price Associates which it

    also serves as investment adviser ("T. Rowe Price Funds"), not more

    than 5% of the class of such securities is owned by any one client

    subject to the investment advice of Price Associates.

     

    (2) With respect to securities owned by any one of the T. Rowe Price

    Funds, only the custodian for each of such Funds, has the right to

    receive dividends paid with respect to, and proceeds from the sale of,

    such securities. No other person is known to have such right, except

    that the shareholders of each such Fund participate proportionately

    in any dividends and distributions so paid.

     

    Item 7: Identification and Classification of the Subsidiary Which Acquired the

    Security Being Reported on By the Parent Holding Company.

    Not Applicable

     

    Item 8: Identification and Classification of Members of the Group

    Not Applicable

     

    Item 9: Notice of Dissolution of Group

    Not Applicable

     

    Item 10: Certification

    By signing below I certify that, to the best of my knowledge and

    belief, the securities referred to above were acquired in the

    ordinary course of business and were not acquired and are not

    held for the purpose of or with the effect of changing or

    influencing the control of the issuer of the securities and were

    not acquired and are not held in connection with or as a participant

    in any transaction having that purpose or effect. T. Rowe Price

    Associates, Inc. hereby declares and affirms that the filing

    of Schedule 13G shall not be construed as an admission that Price

    Associates is the beneficial owner of the securities referred to,

    which beneficial ownership is expressly denied.

     

    Signature.

     

    After reasonable inquiry and to the best of my knowledge and belief,

    I certify that the information set forth in this statement is true,

    complete and correct.

     

    T. ROWE PRICE ASSOCIATES, INC.

    Date: February 14, 2022

    Signature: /s/ David Oestreicher

    Name & Title: David Oestreicher, Executive Vice President

     

    12/31/2021

    Get the next $SBT alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $SBT

    DatePrice TargetRatingAnalyst
    3/17/2023$6.75 → $6.00Neutral → Overweight
    Piper Sandler
    More analyst ratings

    $SBT
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Sterling Bancorp Inc.

      SC 13G/A - Sterling Bancorp, Inc. (0001680379) (Subject)

      11/14/24 1:22:37 PM ET
      $SBT
      Savings Institutions
      Finance
    • Amendment: SEC Form SC 13D/A filed by Sterling Bancorp Inc.

      SC 13D/A - Sterling Bancorp, Inc. (0001680379) (Subject)

      9/17/24 7:11:09 PM ET
      $SBT
      Savings Institutions
      Finance
    • SEC Form SC 13G/A filed by Sterling Bancorp Inc. (Amendment)

      SC 13G/A - Sterling Bancorp, Inc. (0001680379) (Subject)

      2/8/24 4:57:15 PM ET
      $SBT
      Savings Institutions
      Finance

    $SBT
    SEC Filings

    See more
    • SEC Form 15-12G filed by Sterling Bancorp Inc.

      15-12G - Sterling Bancorp, Inc. (0001680379) (Filer)

      4/11/25 11:04:53 AM ET
      $SBT
      Savings Institutions
      Finance
    • SEC Form S-8 POS filed by Sterling Bancorp Inc.

      S-8 POS - Sterling Bancorp, Inc. (0001680379) (Filer)

      4/1/25 4:52:35 PM ET
      $SBT
      Savings Institutions
      Finance
    • SEC Form S-8 POS filed by Sterling Bancorp Inc.

      S-8 POS - Sterling Bancorp, Inc. (0001680379) (Filer)

      4/1/25 4:51:49 PM ET
      $SBT
      Savings Institutions
      Finance

    $SBT
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Sterling Bancorp Announces Declaration of Initial Liquidating Distribution; Stock Transfer Books Closed; Mr. Thomas M. O'Brien Steps Down as Chairman, President and Chief Executive Officer

      Sterling Bancorp, Inc. (NASDAQ:SBT) ("Sterling" or the "Company") today announced that the Company's board of directors (the "Board" or "Board of Directors") has declared an initial liquidating distribution pursuant to its previously announced Plan of Dissolution in the amount of $4.85 per share, or approximately $252 million, payable on April 8, 2025 to shareholders of record as of April 1, 2025 and has set April 1, 2025 as the record date for all future liquidating distributions to shareholders pursuant to the Plan of Dissolution. The Company also announced that it has closed its stock transfer books effective as of the close of business today and has filed a Form 25 with the Securities a

      4/1/25 3:58:00 PM ET
      $SBT
      Savings Institutions
      Finance
    • Sterling Bancorp Announces Closing of Acquisition of Sterling Bank and Trust, F.S.B. by EverBank Financial Corp; Certificate of Dissolution to be Filed and Common Stock to be Delisted

      Sterling Bancorp, Inc. (NASDAQ:SBT) ("Sterling" or the "Company"), the holding company of Sterling Bank and Trust, F.S.B. (the "Bank"), today announced the closing of the previously announced sale of all of the issued and outstanding shares of capital stock of the Bank to EverBank Financial Corp, a Delaware corporation ("EverBank"), which will become effective as of 12:01 a.m. (Eastern Time) on April 1, 2025. In connection with the closing of the sale, the Company received a fixed purchase price of $261 million in cash pursuant to the definitive Stock Purchase Agreement by and among the Company, the Bank and EverBank, dated September 15, 2024. Additionally, immediately following the effecti

      3/31/25 4:00:00 PM ET
      $SBT
      Savings Institutions
      Finance
    • Federal Reserve Board Approves the Acquisition of Sterling Bank and Trust, F.S.B. by EverBank Financial Corp

      Closing Date Set for April 1, 2025; Sterling Bancorp, Inc. to Delist From Nasdaq Upon Completion of Sale Sterling Bancorp, Inc. (NASDAQ:SBT) ("Sterling" or the "Company"), the holding company of Sterling Bank and Trust, F.S.B. (the "Bank"), today announced the receipt of regulatory approval from the Board of Governors of the Federal Reserve System of the Company's sale of all of the issued and outstanding shares of capital stock of the Bank to EverBank Financial Corp, a Delaware corporation ("EverBank"), which is the final regulatory approval needed to complete the sale transaction. The Company announced earlier today that EverBank had received regulatory approval for the transaction fro

      3/14/25 6:52:00 PM ET
      $SBT
      Savings Institutions
      Finance

    $SBT
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Sterling Bancorp, Inc. upgraded by Piper Sandler with a new price target

      Piper Sandler upgraded Sterling Bancorp, Inc. from Neutral to Overweight and set a new price target of $6.00 from $6.75 previously

      3/17/23 8:11:07 AM ET
      $SBT
      Savings Institutions
      Finance
    • Hovde Group initiated coverage on Sterling Bancorp, Inc. with a new price target

      Hovde Group initiated coverage of Sterling Bancorp, Inc. with a rating of Outperform and set a new price target of $6.00

      1/29/21 7:03:30 AM ET
      $SBT
      Savings Institutions
      Finance

    $SBT
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • CHIEF RISK OFFICER Willis Eleni covered exercise/tax liability with 13,425 shares, decreasing direct ownership by 21% to 51,653 units (SEC Form 4)

      4 - Sterling Bancorp, Inc. (0001680379) (Issuer)

      3/21/25 5:40:18 PM ET
      $SBT
      Savings Institutions
      Finance
    • CHIEF OPERATING OFFICER Meredith Christine covered exercise/tax liability with 38,421 shares, decreasing direct ownership by 21% to 144,150 units (SEC Form 4)

      4 - Sterling Bancorp, Inc. (0001680379) (Issuer)

      3/21/25 5:39:27 PM ET
      $SBT
      Savings Institutions
      Finance
    • EVP AND CFO Knott Karen covered exercise/tax liability with 43,794 shares, decreasing direct ownership by 26% to 127,188 units (SEC Form 4)

      4 - Sterling Bancorp, Inc. (0001680379) (Issuer)

      3/21/25 5:38:38 PM ET
      $SBT
      Savings Institutions
      Finance

    $SBT
    Financials

    Live finance-specific insights

    See more
    • Sterling Bancorp Reports Fourth Quarter and Full Year 2024 Financial Results

      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 quarter and year ended December 31, 2024. Fourth Quarter and Year-End 2024 Highlights Fourth quarter net income of $1.2 million, or $0.02 per diluted share; full year net income of $2.1 million, or $0.04 per diluted share Fourth quarter net interest margin of 2.24%; full year net interest margin of 2.37% Fourth quarter provision for (recovery of) credit losses of $(4.2) million; full year provision for (recovery of) credit losses of $(8.5) million Nonperforming loans of $14.6 million, or 1

      1/30/25 7:56:00 AM ET
      $SBT
      Savings Institutions
      Finance
    • Sterling Bancorp Reports Third Quarter 2024 Financial Results

      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

      10/30/24 8:00:00 AM ET
      $SBT
      Savings Institutions
      Finance
    • Sterling Bancorp Reports Second Quarter 2024 Financial Results

      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

      7/24/24 7:30:00 AM ET
      $SBT
      Savings Institutions
      Finance

    $SBT
    Leadership Updates

    Live Leadership Updates

    See more
    • Appointment of New Independent Directors, Michael Donahue and Eboh Okorie

      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.

      3/25/22 8:00:00 AM ET
      $SBT
      Savings Institutions
      Finance