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Sterling Bancorp inc   (SBT)
Other Ticker:  
 
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
 
Price: $5.1800 $0.17 3.393%
Day's High: $5.18 Week Perf: 0.00
Day's Low: $ 5.00 30 Day Perf: -1.71 %
Volume (M): 78 52 Wk High: $ 6.26
Volume (M$): $ 403 52 Wk Avg: $5.54
Open: $5.00 52 Wk Low: $4.22



 Market Capitalization (Millions $) 256
 Shares Outstanding (Millions) 49
 Employees -
 Revenues (TTM) (Millions $) 76
 Net Income (TTM) (Millions $) 7
 Cash Flow (TTM) (Millions $) 198
 Capital Exp. (TTM) (Millions $) 0

Sterling Bancorp Inc
Sterling Bancorp Inc is a financial holding company that provides banking and related financial services to small and middle-market businesses, as well as individual consumers. The company offers a range of deposit products, including commercial and consumer checking accounts, money market accounts, and certificates of deposit.

In addition to traditional banking services, Sterling Bancorp Inc provides a variety of lending solutions, such as commercial and industrial loans, commercial real estate loans, residential mortgage loans, and consumer loans. The company also offers treasury management services, wealth management and investment products, and online and mobile banking options.

With its headquarters in New York, Sterling Bancorp Inc operates through its wholly-owned subsidiary, Sterling National Bank, which has branches and commercial lending offices throughout the New York metropolitan area and beyond. The company focuses on building long-term relationships with its clients and providing personalized service to help them achieve their financial goals.


   Company Address: One Towne Square Southfield 48076 MI
   Company Phone Number: 355-2400   Stock Exchange / Ticker: NASDAQ SBT
   


   

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Sterling Bancorp Inc

Strong Earnings Masking Potential Risks: A Closer Look at Sterling Bancorp Inc's Financial Results

Sterling Bancorp Inc's Positive Financial Results Mask Potential Concerns
Sterling Bancorp Inc, the holding company of Sterling Bank and Trust, F.S.B., recently reported its financial results for the October to December 31, 2023, period. While on the surface, the company seems to be performing well, a deeper analysis raises concerns about its future prospects.
One of the key positive points highlighted by Sterling Bancorp Inc is its profitability turning positive at $0.10 per share, compared to a loss of $0.37 per share in the previous year. Furthermore, earnings per share grew by a staggering 886.58% from $0.01 per share in the previous reporting period. These figures may impress investors at first glance, but they should be taken with a grain of salt.

Sterling Bancorp Inc

Sterling Bancorp Inc's admirable resilience: Revenue gracefully takes a step back during the latest fiscal period



In the most recent fiscal period, Sterling Bancorp Inc, the thrift holding company for Sterling Bank and Trust, F.S.B., Southfield, Michigan, reported a substantial decline in key financial metrics, impacting its earnings and revenue. Let's delve deeper into the company's financial results to analyze the impact on its overall performance.
Earnings Per Share (EPS) and Net Earnings
Sterling Bancorp Inc experienced a sharp decrease in earnings per share. Comparing the most recent fiscal period with the previous year, earnings per share plummeted by 50%, from $0.02 to $0.01. Similarly, EPS dropped by 80% from $0.05 per share in the previous quarter to $0.01 per share in the latest period.

Stock Transactions

Revolutionizing Home Loan Experience: Sterling Bank and Trust Joins Forces with Rocket Mortgage

Published Wed, Nov 1 2023 8:15 PM UTC



In an exciting collaboration, Sterling Bank and Trust, F.S.B., a subsidiary of Sterling Bancorp, Inc., has partnered with Rocket Mortgage, America's largest retail mortgage lender and a part of Rocket Companies. The innovative partnership aims to transform the home loan experience for Sterling Bank customers, revolutionizing the way homebuyers purchase or refinance...

Sterling Bancorp Inc

Sterling Bancorp Inc's Stock Soars by 23.98% in Recent Months, Boosted by Impressive Financial Results

Sterling Bancorp Inc, a financial services company that trades on the NASDAQ, has seen a significant increase in its stock price over the past few months. In the last three months, the stock has risen by 23.98%, and in the last month alone, it has increased by 7.27%. Currently, the stock is trading 3.6% above its 52-week average.
One reason for this positive performance is the company's improved financial results. For the fiscal period ending June 30, 2023, Sterling Bancorp Inc reported earnings per share (EPS) of $0.05. This is a notable improvement compared to the previous year when the EPS was -$0.04. Additionally, the net profit per share turned positive, increasing from -$0.01 in the previous reporting period.

Sterling Bancorp Inc

Sterling Bancorp Inc: Surpassing Last Year's Shortfall, Raising Concerns for Investors

Investors should exercise caution while considering investing their money in Sterling Bancorp Inc based on their recent performance in the stock market. The company recorded a significant cumulative net loss of $-20 million during the 12 months ending in the first quarter of 2023, resulting in a negative return on assets (ROA) of -0.82%.
Additionally,
compared to the Financial sector's 553 other companies, Sterling Bancorp Inc had a lower return on assets, indicating that the company's performance did not match the sector's average. Although the overall ranking of return on assets improved in the Mar 31 2023 quarter compared to the fourth quarter of 2022, investors should exercise caution while investing in the company.






 

Sterling Bancorp Inc's Segments
 
 
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Sterling Bancorp Inc does not provide revenue guidance.

Earnings Outlook
Sterling Bancorp inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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