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

4.62USD-0.05 (-1.07%)Delayed as of 15 Apr 2024, 01:34 pm ET

Market Summary

USD4.62-0.05

Delayedas of 15 Apr 2024, 01:34 pm

-1.07%

SBT Stock Price

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SBT RSI Chart

SBT Valuation

Market Cap

243.2M

Price/Earnings (Trailing)

32.8

Price/Sales (Trailing)

1.92

EV/EBITDA

-4.24

Price/Free Cashflow

-9.58

SBT Price/Sales (Trailing)

SBT Profitability

EBT Margin

8.33%

Return on Equity

2.26%

Return on Assets

0.31%

Free Cashflow Yield

-10.44%

SBT Fundamentals

SBT Revenue

Revenue (TTM)

126.8M

Rev. Growth (Yr)

20.71%

Rev. Growth (Qtr)

0.15%

SBT Earnings

Earnings (TTM)

7.4M

Earnings Growth (Yr)

127.47%

Earnings Growth (Qtr)

1.5K%

Breaking Down SBT Revenue

52 Week Range

4.226.26

(Low)(High)

Last 7 days

-4.9%

Last 30 days

-8.1%

Last 90 days

-12.2%

Trailing 12 Months

-17.3%

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)

2.51%

Diluted EPS (TTM)

0.16

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
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
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	wineman benjamin j.	acquired	-	-	7,500	-
Jan 01, 2024	gallotta steven e.	acquired	-	-	7,500	-
Jan 01, 2024	wolberg lyle m.	acquired	-	-	7,500	-
Jan 01, 2024	kim denny	acquired	-	-	7,500	-
Jan 01, 2024	donahue michael	acquired	-	-	7,500	-
Jan 01, 2024	daitch peggy	acquired	-	-	7,500	-
Jan 01, 2024	okorie eboh duke	acquired	-	-	7,500	-
Aug 02, 2023	kimmel colleen	acquired	1,817	5.9	308	-

Which funds bought or sold SBT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 05, 2024	GAMMA Investing LLC	new	-	258	258	-%
Apr 05, 2024	CWM, LLC	new	-	-	-	-%
Mar 11, 2024	VANGUARD GROUP INC	added	15.59	1,043,530	8,389,060	-%
Mar 01, 2024	GOLDMAN SACHS GROUP INC	sold off	-100	-61,799	-	-%
Feb 28, 2024	AMERICAN INTERNATIONAL GROUP, INC.	reduced	-0.4	-1,009	62,408	-%
Feb 15, 2024	BARCLAYS PLC	added	622	149,000	173,000	-%
Feb 15, 2024	Legal & General Group Plc	unchanged	-	-137	11,269	-%
Feb 14, 2024	ALLIANCEBERNSTEIN L.P.	reduced	-10.97	-1,369,080	10,004,300	-%
Feb 14, 2024	Empowered Funds, LLC	reduced	-2.72	-33,955	839,604	0.02%
Feb 14, 2024	CITADEL ADVISORS LLC	sold off	-100	-121,688	-	-%

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
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
Mar 14, 2024	10-K	Annual Report
Mar 11, 2024	8-K	Current Report
Mar 05, 2024	8-K	Current Report
Feb 08, 2024	SC 13G/A	Major Ownership Report
Jan 24, 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	526.7B	171.1B	-4.45%	41.76%	10.63	3.08	60.72%	31.52%
BAC	281.8B	130.3B	-0.78%	25.35%	10.63	2.16	79.51%	-3.68%
WFC	202.2B	85.7B	-2.27%	42.49%	10.56	2.36	41.49%	39.96%
C	114.1B	133.3B	3.31%	26.15%	12.36	0.86	79.09%	-
CFG	15.2B	10.2B	-3.38%	12.15%	9.45	1.49	44.53%	-22.43%
KEY	13.7B	7.9B	-2.08%	18.96%	14.12	1.72	46.47%	-49.56%
MID-CAP
CMA	6.8B	4.2B	-0.89%	15.18%	7.7	1.63	56.25%	-23.46%
ZION	6.0B	3.9B	-0.93%	30.63%	8.87	1.53	45.91%	-25.03%
ABCB	3.1B	1.3B	-1.93%	31.98%	11.58	2.43	43.24%	-22.35%
ASB	3.1B	2.0B	-1.88%	11.78%	16.77	1.57	70.97%	-50.03%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	25.23%	-24.02%
ALRS	394.8M	164.9M	-9.61%	26.68%	33.75	2.39	42.66%	-70.76%
AROW	363.0M	162.6M	-11.01%	-6.09%	12.07	2.23	25.39%	-38.37%
ACNB	277.7M	96.6M	-6.73%	6.51%	8.76	2.87	11.02%	-11.37%
ASRV	41.0M	60.9M	-4.40%	-25.08%	-12.25	0.67	24.06%	-144.92%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	0.2%	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	43,001
EBITDA Margin	39.8%	0.62*	0.45*	0.53*	0.59*	0.73*	1.07*	1.18*	1.17*	1.08*	0.80*	0.67*	0.65*	0.58*	-	-	-	-	-	-	-	-
Interest Expenses	-100.0%	-	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	30,706
Income Taxes	486.2%	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	5,998
Earnings Before Taxes	1007.6%	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	21,994
EBT Margin	169.9%	0.08*	-0.12*	-0.12*	-0.15*	-0.08*	0.22*	0.33*	0.34*	0.28*	0.04*	-0.06*	-0.07*	-0.12*	-	-	-	-	-	-	-	-
Net Income	1512.4%	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	15,996
Net Income Margin	144.0%	0.06*	-0.13*	-0.13*	-0.19*	-0.14*	0.12*	0.20*	0.24*	0.20*	0.03*	-0.04*	-0.05*	-0.09*	-	-	-	-	-	-	-	-
Free Cashflow	97.2%	-692	-24,956	3,929	-3,663	-5,288	1,772	4,349	1,084	-4,095	15,912	15,828	1,930	-7,084	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-1.3%	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	3,197
Cash Equivalents	2.5%	578	564	655	419	380	352	285	487	412	609	774	873	998	918	623	390	78.00	146	80.00	58.00	53.00
Net PPE	-2.7%	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	9.00
Liabilities	-2.0%	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	2,862
Shareholder's Equity	3.7%	328	316	318	316	313	330	335	341	344	337	327	322	320	331	331	329	333	351	342	339	335
Retained Earnings	2.1%	242	237	237	234	234	252	251	254	248	240	231	227	225	237	237	234	238	253	239	226	211
Additional Paid-In Capital	4.9%	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	13.00
Shares Outstanding	0.0%	52.00	52.00	52.00	51.00	51.00	50.00	50.00	50.00	50.00	50.00	50.00	50.00	50.00	-	-	-	-	-	-	-	-
Float	-	-	-	-	-	-	-	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	97.8%	-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	680
Share Based Compensation	0.3%	788	786	350	173	260	255	239	146	132	196	193	105	158	58.00	9.00	109	72.00	146	153	126	109
Cashflow From Investing	5011.7%	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	4,883
Cashflow From Financing	44.3%	-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	-1,916
Dividend Payments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	499	499	503	516	526	530
Buy Backs	-	-	-	-	-	-	8.00	112	-	-	-	-	-	-	-	-	82.00	-	4,168	10,011	11,544	-

SBT Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest income
Interest and fees on loans	$ 86,684	$ 87,375	$ 113,822
Interest and dividends on investment securities and restricted stock	12,056	6,426	1,794
Interest on interest-bearing cash deposits	28,049	6,131	925
Total interest income	126,789	99,932	116,541
Interest expense
Interest on deposits	57,109	14,992	18,116
Interest on Federal Home Loan Bank borrowings	994	1,169	3,118
Interest on Subordinated Notes	3,727	4,969	4,127
Total interest expense	61,830	21,130	25,361
Net interest income	64,959	78,802	91,180
Provision for (recovery of) credit losses	(8,527)	(9,934)	(8,265)
Net interest income after provision for (recovery of) credit losses	73,486	88,736	99,445
Non-interest income
Service charges and fees	$ 344	$ 435	$ 509
Revenue, Product and Service [Extensible List]	sbt:ServiceChargesAndFeesMember	sbt:ServiceChargesAndFeesMember	sbt:ServiceChargesAndFeesMember
Gain (loss) on sale of investment securities	$ (113)	$ 32
Gain on sale of mortgage loans held for sale	1,623	143	$ 634
Unrealized gain (loss) on equity securities	61	(580)	(142)
Gain on sale of branch office			1,417
Net servicing income (loss)	308	(20)	(1,208)
Income earned on company-owned life insurance	327	751	1,286
Other	236	586	3,310
Total non-interest income	2,786	1,347	5,806
Non-interest expense
Salaries and employee benefits	35,937	33,507	28,220
Occupancy and equipment	8,369	8,657	9,108
Professional fees	10,076	23,908	24,709
FDIC assessments	1,058	1,146	2,029
Data processing	2,941	3,058	1,900
Net provision for (recovery of) mortgage repurchase liability	(59)	(639)	(1,234)
Provision for contingent losses		18,239
Other	7,388	9,772	7,486
Total non-interest expense	65,710	97,648	72,218
Income (loss) before income taxes	10,562	(7,565)	33,033
Income tax expense	3,149	6,629	9,643
Net income (loss)	$ 7,413	$ (14,194)	$ 23,390
Income (loss) per share, basic (in $ per share)	$ 0.15	$ (0.28)	$ 0.47
Income (loss) per share, diluted (in $ per share)	$ 0.15	$ (0.28)	$ 0.47
Weighted average common shares outstanding:
Basic (in shares)	50,630,928	50,346,198	50,049,902
Diluted (in shares)	50,778,559	50,346,198	50,139,310

SBT Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 577,967	$ 379,798
Interest-bearing time deposits with other banks	5,226	934
Debt securities available for sale, at fair value (amortized cost $440,211 and $370,489 at December 31, 2023 and 2022, respectively)	419,213	343,558
Equity securities	4,703	4,642
Loans held for sale		7,725
Loans, net of allowance for credit losses of $29,404 and $45,464 at December 31, 2023 and 2022, respectively	1,319,568	1,613,385
Accrued interest receivable	8,509	7,829
Mortgage servicing rights, net	1,542	1,794
Leasehold improvements and equipment, net	5,430	6,301
Operating lease right-of-use assets	11,454	14,800
Federal Home Loan Bank stock, at cost	18,923	20,288
Federal Reserve Bank stock, at cost	9,048
Company-owned life insurance	8,711	8,501
Deferred tax asset, net	16,959	23,704
Other assets	8,750	11,476
Total assets	2,416,003	2,444,735
Liabilities
Noninterest-bearing deposits	35,245	53,041
Interest-bearing deposits	1,968,741	1,900,996
Total deposits	2,003,986	1,954,037
Federal Home Loan Bank borrowings	50,000	50,000
Subordinated Notes, net		65,271
Operating lease liabilities	12,537	15,990
Other liabilities	21,757	46,810
Total liabilities	2,088,280	2,132,108
Commitments and contingencies (Note 20)
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 52,070,361 shares and 50,795,871 shares at December 31, 2023 and 2022, respectively	84,323	83,295
Additional paid-in capital	16,660	14,808
Retained earnings	241,964	234,049
Accumulated other comprehensive loss	(15,224)	(19,525)
Total shareholders' equity	327,723	312,627
Total liabilities and shareholders' equity	$ 2,416,003	$ 2,444,735

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 Apr 12 2024, market cap of Sterling Bancorp Inc-MI is 243.16 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 Apr 12 2024, SBT's PE ratio (Price to Earnings) is 32.8 and Price to Sales (PS) ratio is 1.92. 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.