SBT Stock Summary and Trading Ideas (Sterling Bancorp | NASDAQ:SBT)

Sterling Bancorp Inc is a unitary thrift holding company. Its primary business is the operation of its wholly-owned subsidiary, Sterling Bank, through which it offers a range of loan products to the residential and commercial markets, as well as retail banking services. The products and services offered by the bank include saving and current accounts, demand and term deposits, payment cards, trade finance, fund transfer, treasury and cash management. It provides services such as construction loans, residential real estate, commercial real estate, commercial lines of credit and other consumer loans.

Sterling Bancorp trades on the NASDAQ stock market under the symbol SBT.

As of April 18, 2024, SBT stock price climbed to $4.76 with 30,210 million shares trading.

SBT has a beta of 1.12, meaning it tends to be more sensitive to market movements. SBT has a correlation of 0.17 to the broad based SPY ETF.

SBT has a market cap of $247.91 million. This is considered a Small Cap stock.

Last quarter Sterling Bancorp reported $15 million in Revenue and $.10 earnings per share. This fell short of revenue expectation by $-1 million and exceeded earnings estimates by $.07.

In the last 3 years, SBT stock traded as high as $7.26 and as low as $4.22.

The top ETF exchange traded funds that SBT belongs to (by Net Assets): VTI, IWM, VXF, IWN, BSVO.

SBT has underperformed the market in the last year with a return of -16.8%, while the SPY ETF gained +22.3%. In the last 3 month period, SBT fell short of the market, returning -9.0%, while SPY returned +6.1%. However, in the most recent 2 weeks SBT has outperformed the stock market by returning -3.4%, while SPY returned -3.8%.

SBT support price is $4.60 and resistance is $4.90 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SBT stock will trade within this expected range on the day.