News headlines about Sterling Bancorp (NASDAQ:SBT) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sterling Bancorp earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.2636764494536 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of SBT stock opened at $13.15 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.21 and a quick ratio of 1.16. Sterling Bancorp has a 12-month low of $12.00 and a 12-month high of $14.98.
Sterling Bancorp (NASDAQ:SBT) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter. The business had revenue of $29.74 million for the quarter.
Separately, Sandler O’Neill assumed coverage on Sterling Bancorp in a research note on Thursday, December 21st. They issued a “buy” rating and a $14.00 target price on the stock.
In other Sterling Bancorp news, insider Michael A. Montemayor purchased 2,000 shares of the stock in a transaction on Thursday, March 22nd. The shares were bought at an average price of $13.20 per share, for a total transaction of $26,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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Sterling Bancorp Company Profile
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 individual and business customers in the United States. The company offers checking, saving, and money market accounts, as well as IRAs and certificates of deposits; and one- to four-family residential, commercial, commercial real estate, construction, and consumer loans, as well as commercial lines of credit.
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