SBT - Sterling Bancorp Inc-MI Stock Price, Fair Value and News

5.32USD+0.28 (+5.56%)Market Closed

Market Summary

USD5.32+0.28

Market Closed

5.56%

SBT Stock Price

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SBT RSI Chart

SBT Valuation

Market Cap

276.8M

Price/Earnings (Trailing)

35.86

Price/Sales (Trailing)

2.12

EV/EBITDA

-5.06

Price/Free Cashflow

-10.79

SBT Price/Sales (Trailing)

SBT Profitability

EBT Margin

8.28%

Return on Equity

2.36%

Return on Assets

0.32%

Free Cashflow Yield

-9.27%

SBT Fundamentals

SBT Revenue

Revenue (TTM)

130.6M

Rev. Growth (Yr)

13.12%

Rev. Growth (Qtr)

1.08%

SBT Earnings

Earnings (TTM)

7.7M

Earnings Growth (Yr)

60.83%

Earnings Growth (Qtr)

-103.89%

Breaking Down SBT Revenue

Last 7 days

5.1%

Last 30 days

12%

Last 90 days

0.8%

Trailing 12 Months

11.3%

How does SBT drawdown profile look like?

SBT Financial Health

SBT Investor Care

Dividend Yield

0.2%

Dividend/Share (TTM)

0.01

Shares Dilution (1Y)

2.43%

Diluted EPS (TTM)

0.15

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	130.6M	0	0	0
2023	104.4M	113.1M	121.1M	126.8M
2022	109.5M	101.7M	98.6M	99.9M
2021	142.3M	134.3M	125.3M	116.5M
2020	173.2M	167.1M	159.9M	151.4M
2019	167.6M	172.9M	175.2M	175.4M
2018	134.7M	145.1M	154.1M	161.8M
2017	100.2M	108.4M	116.6M	124.8M
2016	0	0	0	92.0M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Sterling Bancorp Inc-MI

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 23, 2024	knott karen	sold (taxes)	-4,502	4.91	-917	evp and cfo
Apr 23, 2024	meredith christine	sold (taxes)	-9,844	4.91	-2,005	chief operating officer
Jan 02, 2024	obrien thomas m	sold (taxes)	-205,728	5.69	-36,156	chief executive officer
Jan 01, 2024	dedrick tracey a	acquired	-	-	7,500	-
Jan 01, 2024	wolberg lyle m.	acquired	-	-	7,500	-
Jan 01, 2024	donahue michael	acquired	-	-	7,500	-
Jan 01, 2024	kim denny	acquired	-	-	7,500	-
Jan 01, 2024	daitch peggy	acquired	-	-	7,500	-
Jan 01, 2024	okorie eboh duke	acquired	-	-	7,500	-
Jan 01, 2024	gallotta steven e.	acquired	-	-	7,500	-

Which funds bought or sold SBT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-38.92	-9,378	11,290	-%
May 15, 2024	Tower Research Capital LLC (TRC)	added	4.5	-638	9,113	-%
May 15, 2024	BRIDGEWAY CAPITAL MANAGEMENT, LLC	reduced	-8.95	-155,981	683,623	0.01%
May 15, 2024	MALTESE CAPITAL MANAGEMENT LLC	added	49.31	58,304	232,200	0.04%
May 15, 2024	Royal Bank of Canada	reduced	-92.72	-36,000	3,000	-%
May 15, 2024	DEUTSCHE BANK AG\	unchanged	-	-13,681	115,734	-%
May 15, 2024	STATE STREET CORP	unchanged	-	-196,270	1,660,250	-%
May 15, 2024	KENNEDY CAPITAL MANAGEMENT LLC	sold off	-100	-2,346,830	-	-%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	new	-	96,559	96,559	-%
May 15, 2024	BARCLAYS PLC	reduced	-48.65	-94,000	79,000	-%

Are Funds Buying or Selling SBT?

Are funds buying SBT calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SBT

No. of Funds

Unveiling Sterling Bancorp Inc-MI's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 08, 2024	fj capital management llc	7.76%	4,039,150	SC 13G/A
Mar 29, 2023	fj capital management llc	5.07%	2,579,707	SC 13G
Feb 14, 2023	alliancebernstein l.p.	4.7%	2,392,657	SC 13G/A
Feb 08, 2023	fj capital management llc	4.18%	2,121,494	SC 13G/A
Feb 14, 2022	price t rowe associates inc /md/	0.0%	0	SC 13G/A
Feb 14, 2022	alliancebernstein l.p.	5.3%	2,656,386	SC 13G
Mar 02, 2021	scott j. seligman revocable living trust	7.3%	3,641,401	SC 13G
Feb 18, 2021	stern harry s.	16.2%	8,101,536	SC 13G
Feb 16, 2021	price t rowe associates inc /md/	5.5%	2,755,996	SC 13G/A
Feb 16, 2021	rubenstein erwin a.	24.2%	12,107,732	SC 13G/A

Recent SEC filings of Sterling Bancorp Inc-MI

View All Filings

Date Filed	Form Type	Document
May 17, 2024	8-K	Current Report
May 09, 2024	10-Q	Quarterly Report
Apr 24, 2024	8-K	Current Report
Apr 24, 2024	4	Insider Trading
Apr 24, 2024	4	Insider Trading
Apr 04, 2024	DEFA14A	DEFA14A
Apr 04, 2024	DEF 14A	DEF 14A
Apr 04, 2024	ARS	ARS
Apr 04, 2024	3	Insider Trading
Mar 21, 2024	8-K	Current Report

Peers (Alternatives to Sterling Bancorp Inc-MI)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	588.1B	174.7B	13.73%	46.82%	11.68	3.37	53.11%	19.83%
BAC	307.4B	137.9B	11.58%	38.08%	12.28	2.23	56.12%	-12.56%
WFC	213.0B	85.8B	6.86%	51.95%	11.35	2.48	35.02%	26.14%
C	122.2B	125.0B	10.16%	38.13%	15.29	0.98	37.85%	-
CFG	16.9B	10.4B	12.51%	41.04%	11.81	1.62	26.22%	-33.87%
KEY	14.5B	8.1B	6.72%	53.23%	16.61	1.78	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	10.08%	41.38%	10.46	1.71	34.68%	-45.96%
ZION	6.6B	4.1B	14.23%	65.05%	10.55	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	13.35%	57.95%	12.32	2.65	30.60%	-12.99%
ASB	3.4B	2.0B	11.57%	43.03%	20.88	1.65	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	417.1M	173.1M	15.06%	27.00%	14.3	2.41	26.54%	-34.86%
ALRS	390.4M	152.4M	-0.90%	32.84%	39.27	2.56	16.94%	-73.84%
ACNB	295.5M	98.7M	10.19%	20.01%	10.04	2.99	6.27%	-22.90%
ASRV	48.0M	62.5M	8.95%	-1.75%	-16.24	0.77	18.83%	-145.18%

Sterling Bancorp Inc-MI News

Latest updates

Sterling Bancorp Inc-MI Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	1.1%	33,282	32,928	32,878	31,560	29,423	27,279	24,845	22,890	24,918	25,932	27,976	30,686	31,947	34,661	37,030	38,679	40,993	43,184	44,211	44,789	43,185
EBITDA Margin	-6.1%	0.56*	0.60*	0.46*	0.53*	0.59*	0.73*	1.07*	1.18*	1.17*	1.08*	0.80*	0.67*	0.65*	-	-	-	-	-	-	-	-
Interest Expenses	-1.1%	14,934	15,105	15,994	16,184	17,676	18,521	19,539	19,470	21,272	21,718	22,637	23,598	23,227	24,370	25,705	27,048	28,642	29,959	30,010	30,715	30,300
Income Taxes	-105.8%	-103	1,782	304	1,117	-54.00	271	742	3,327	2,289	3,481	3,665	1,739	758	-5,012	-170	1,160	-1,887	-1,752	5,614	5,444	6,337
Earnings Before Taxes	-104.4%	-300	6,845	618	3,656	-557	-18,162	1,918	1,130	7,549	11,537	13,222	5,191	3,083	-16,705	-281	4,027	-5,917	-15,505	19,498	18,878	22,020
EBT Margin	-0.6%	0.08*	0.08*	-0.12*	-0.12*	-0.15*	-0.08*	0.22*	0.33*	0.34*	0.28*	0.04*	-0.06*	-0.07*	-	-	-	-	-	-	-	-
Net Income	-103.9%	-197	5,063	314	2,539	-503	-18,433	1,176	-2,197	5,260	8,056	9,557	3,452	2,325	-11,693	-111	2,867	-4,030	-13,753	13,884	13,434	15,683
Net Income Margin	1.1%	0.06*	0.06*	-0.13*	-0.13*	-0.19*	-0.14*	0.12*	0.20*	0.24*	0.20*	0.03*	-0.04*	-0.05*	-	-	-	-	-	-	-	-
Free Cashflow	-469.4%	-3,940	-692	-24,956	3,929	-3,663	-5,288	1,772	4,349	1,084	-4,095	15,912	15,828	1,930	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-0.1%	2,415	2,416	2,447	2,532	2,412	2,445	2,448	2,504	2,809	2,877	3,139	3,417	3,694	3,914	3,937	3,739	3,477	3,245	3,322	3,279	3,252
Cash Equivalents	11.8%	646	578	564	655	419	380	352	285	487	412	609	774	873	998	918	623	390	78.00	146	80.00	58.00
Net PPE	-4.1%	5.00	5.00	6.00	6.00	6.00	6.00	7.00	7.00	7.00	7.00	9.00	9.00	9.00	9.00	8.00	9.00	9.00	9.00	9.00	10.00	10.00
Liabilities	0.0%	2,087	2,088	2,131	2,214	2,096	2,132	2,118	2,168	2,468	2,533	2,802	3,090	3,372	3,594	3,605	3,407	3,149	2,912	2,971	2,937	2,913
Shareholder's Equity	-0.1%	327	328	316	318	316	313	330	335	341	344	337	327	322	320	331	331	329	333	351	342	339
Retained Earnings	-0.1%	242	242	237	237	234	234	252	251	254	248	240	231	227	225	237	237	234	238	253	239	226
Additional Paid-In Capital	3.1%	17.00	17.00	16.00	15.00	15.00	15.00	15.00	14.00	14.00	14.00	14.00	14.00	14.00	14.00	13.00	13.00	13.00	13.00	13.00	13.00	13.00
Shares Outstanding	0.0%	52.00	52.00	52.00	52.00	51.00	51.00	50.00	50.00	50.00	50.00	50.00	50.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	95.00	-	-	-	89.00	-	-	-	71.00	-	-	-	55.00	-	-	-	55.00	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-610.1%	-3,877	-546	-24,884	3,993	-3,473	-5,193	1,884	4,449	1,198	-5,245	16,461	16,619	2,911	-6,656	1,645	16,114	-2,457	-12,991	34,616	18,554	20,614
Share Based Compensation	-7.5%	729	788	786	350	173	260	255	239	146	132	196	193	105	158	58.00	9.00	109	72.00	146	153	126
Cashflow From Investing	36.6%	70,425	51,573	-1,050	112,668	75,184	29,576	118,596	90,010	135,516	50,953	44,729	169,176	87,612	88,957	98,992	-29,511	65,350	15,599	21,700	-2,683	-26,973
Cashflow From Financing	104.5%	1,653	-36,682	-65,835	119,511	-32,290	3,011	-53,241	-296,037	-61,647	-243,444	-226,256	-284,540	-215,797	-1,800	193,983	246,789	249,272	-71,035	9,514	6,515	11,863
Dividend Payments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	499	499	503	516	526
Buy Backs	-	-	-	-	-	-	-	8.00	112	-	-	-	-	-	-	-	-	82.00	-	4,168	10,011	11,544

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SBT Income Statement

2024-03-31

Condensed Consolidated Statements of Operations (Unaudited)) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest income
Interest and fees on loans	$ 20,969	$ 22,160
Interest and dividends on investment securities and restricted stock	4,018	2,456
Other interest	8,295	4,807
Total interest income	33,282	29,423
Interest expense
Interest on deposits	18,100	9,809
Interest on Federal Home Loan Bank borrowings	248	245
Interest on Subordinated Notes		1,693
Total interest expense	18,348	11,747
Net interest income	14,934	17,676
Provision for credit losses	41	674
Net interest income after provision for (recovery of) credit losses	14,893	17,002
Non-interest income
Service charges and fees	$ 87	$ 94
Revenue, Product and Service [Extensible List]	sbt:ServiceChargesAndFeesMember	sbt:ServiceChargesAndFeesMember
Loss on the sale of investment securities		$ (2)
Loss on sale of loans held for sale		(25)
Unrealized gain (loss) on equity securities	$ (47)	71
Net servicing income	75	59
Income earned on company-owned life insurance	83	80
Other	1	1
Total non-interest income	199	278
Non-interest expense
Salaries and employee benefits	8,460	9,410
Occupancy and equipment	2,084	2,112
Professional fees	2,182	3,221
FDIC assessments	262	257
Data processing	733	738
Other	1,671	2,099
Total non-interest expense	15,392	17,837
Loss before income taxes	(300)	(557)
Income tax expense (benefit)	(103)	(54)
Net loss	$ (197)	$ (503)
Loss per share, basic (in $ per share)	$ 0.00	$ (0.01)
Loss per share, diluted (in $ per share)	$ 0.00	$ (0.01)
Weighted average common shares outstanding:
Basic	50,843,106	50,444,463
Diluted	50,843,106	50,444,463

SBT Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 646,168	$ 577,967
Interest-bearing time deposits with other banks	5,229	5,226
Debt securities available for sale, at fair value (amortized cost $416,917 and $440,211 at March 31, 2024 and December 31, 2023, respectively)	394,852	419,213
Equity securities	4,656	4,703
Loans, net of allowance for credit losses of $29,257 and $29,404 at March 31, 2024 and December 31, 2023, respectively	1,274,022	1,319,568
Accrued interest receivable	9,195	8,509
Mortgage servicing rights, net	1,485	1,542
Leasehold improvements and equipment, net	5,206	5,430
Operating lease right-of-use assets	12,358	11,454
Federal Home Loan Bank stock, at cost	18,923	18,923
Federal Reserve Bank stock, at cost	9,096	9,048
Company-owned life insurance	8,764	8,711
Deferred tax asset, net	18,240	16,959
Other assets	6,361	8,750
Total assets	2,414,555	2,416,003
Liabilities
Noninterest-bearing deposits	32,680	35,245
Interest-bearing deposits	1,973,175	1,968,741
Total deposits	2,005,855	2,003,986
Federal Home Loan Bank borrowings	50,000	50,000
Operating lease liabilities	13,407	12,537
Other liabilities	18,027	21,757
Total liabilities	2,087,289	2,088,280
Shareholders' equity
Preferred stock, authorized 10,000,000 shares; no shares issued and outstanding
Common stock, no par value, authorized 500,000,000 shares; issued and outstanding 52,046,683 shares and 52,070,361 shares at March 31, 2024 and December 31, 2023, respectively	84,323	84,323
Additional paid-in capital	17,173	16,660
Retained earnings	241,767	241,964
Accumulated other comprehensive loss	(15,997)	(15,224)
Total shareholders' equity	327,266	327,723
Total liabilities and shareholders' equity	$ 2,414,555	$ 2,416,003

About Sterling Bancorp Inc-MI

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 individual retirement accounts 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. The company was founded in 1984 and is headquartered in Southfield, Michigan.

CEO	Mr. Thomas M. O'Brien
WEBSITE	sterlingbank.com
INDUSTRY	Banks Diversified
EMPLOYEES	270

Sterling Bancorp Inc-MI Frequently Asked Questions

What is the ticker symbol for Sterling Bancorp Inc-MI? What does SBT stand for in stocks?

SBT is the stock ticker symbol of Sterling Bancorp Inc-MI. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Sterling Bancorp Inc-MI (SBT)?

As of Fri May 17 2024, market cap of Sterling Bancorp Inc-MI is 276.78 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SBT stock?

You can check SBT's fair value in chart for subscribers.

What is the fair value of SBT stock?

You can check SBT's fair value in chart for subscribers. The fair value of Sterling Bancorp Inc-MI is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Sterling Bancorp Inc-MI is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SBT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Sterling Bancorp Inc-MI a good stock to buy?

The fair value guage provides a quick view whether SBT is over valued or under valued. Whether Sterling Bancorp Inc-MI is cheap or expensive depends on the assumptions which impact Sterling Bancorp Inc-MI's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SBT.

What is Sterling Bancorp Inc-MI's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, SBT's PE ratio (Price to Earnings) is 35.86 and Price to Sales (PS) ratio is 2.12. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SBT PE ratio will change depending on the future growth rate expectations of investors.