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Sterling Bancorp (Southfield MI)

Nasdaq:SBT
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SBT
Nasdaq
$171M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Sterling Bancorp, Inc. (Southfield, MI) operates as the unitary thrift holding company for Sterling Bank and Trust, F.S.B. The last earnings update was 70 days ago. More info.


Add to Portfolio Compare Print
  • Sterling Bancorp (Southfield MI) has significant price volatility in the past 3 months.
SBT Share Price and Events
7 Day Returns
-10.9%
NasdaqCM:SBT
-4.5%
US Mortgage
2.4%
US Market
1 Year Returns
-65.1%
NasdaqCM:SBT
-32%
US Mortgage
-10%
US Market
SBT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sterling Bancorp (Southfield MI) (SBT) -10.9% -29.7% -56.8% -65.1% - -
US Mortgage -4.5% -30.7% -37.7% -32% -30.1% -16%
US Market 2.4% -11% -19.4% -10% 9.6% 21.1%
1 Year Return vs Industry and Market
  • SBT underperformed the Mortgage industry which returned -32% over the past year.
  • SBT underperformed the Market in United States of America which returned -10% over the past year.
Price Volatility
SBT
Industry
5yr Volatility vs Market

Value

 Is Sterling Bancorp (Southfield MI) undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Sterling Bancorp (Southfield MI) to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Sterling Bancorp (Southfield MI).

NasdaqCM:SBT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $8.38 * 16.6%
$1.39
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. $8.38
Discount Rate (Cost of Equity) See below 9.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:SBT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Mortgage Unlevered Beta Simply Wall St/ S&P Global 0.71
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.711 (1 + (1- 21%) (183.32%))
1.497
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.5
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.497 * 5.44%)
9.88%

Discounted Cash Flow Calculation for NasdaqCM:SBT using Excess Returns Model Model

The calculations below outline how an intrinsic value for Sterling Bancorp (Southfield MI) is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqCM:SBT Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (16.6% – 9.88%) * $8.38)
$0.56
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.56 / (9.88% - 1.74%)
$6.87
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $8.38 + $6.87
$15.26
NasdaqCM:SBT Discount to Share Price
Calculation Result
Value per share (USD) From above. $15.26
Current discount Discount to share price of $3.43
= -1 x ($3.43 - $15.26) / $15.26
77.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Sterling Bancorp (Southfield MI) is available for.
Intrinsic value
>50%
Share price is $3.43 vs Future cash flow value of $15.26
Current Discount Checks
For Sterling Bancorp (Southfield MI) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sterling Bancorp (Southfield MI)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sterling Bancorp (Southfield MI)'s share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sterling Bancorp (Southfield MI)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sterling Bancorp (Southfield MI)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:SBT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.11
NasdaqCM:SBT Share Price ** NasdaqCM (2020-04-07) in USD $3.43
United States of America Mortgage Industry PE Ratio Median Figure of 121 Publicly-Listed Mortgage Companies 10.37x
United States of America Market PE Ratio Median Figure of 2,948 Publicly-Listed Companies 12.95x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Sterling Bancorp (Southfield MI).

NasdaqCM:SBT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:SBT Share Price ÷ EPS (both in USD)

= 3.43 ÷ 1.11

3.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sterling Bancorp (Southfield MI) is good value based on earnings compared to the US Mortgage industry average.
  • Sterling Bancorp (Southfield MI) is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Sterling Bancorp (Southfield MI)'s expected growth come at a high price?
Raw Data
NasdaqCM:SBT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.08x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-17.6%per year
United States of America Mortgage Industry PEG Ratio Median Figure of 46 Publicly-Listed Mortgage Companies -0.35x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.92x

*Line of best fit is calculated by linear regression .

NasdaqCM:SBT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 3.08x ÷ -17.6%

-0.18x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sterling Bancorp (Southfield MI) earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sterling Bancorp (Southfield MI)'s assets?
Raw Data
NasdaqCM:SBT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $7.21
NasdaqCM:SBT Share Price * NasdaqCM (2020-04-07) in USD $3.43
United States of America Mortgage Industry PB Ratio Median Figure of 133 Publicly-Listed Mortgage Companies 0.77x
United States of America Market PB Ratio Median Figure of 5,162 Publicly-Listed Companies 1.26x
NasdaqCM:SBT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:SBT Share Price ÷ Book Value per Share (both in USD)

= 3.43 ÷ 7.21

0.48x

* Primary Listing of Sterling Bancorp (Southfield MI).

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sterling Bancorp (Southfield MI) is good value based on assets compared to the US Mortgage industry average.
X
Value checks
We assess Sterling Bancorp (Southfield MI)'s value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check)
  5. Sterling Bancorp (Southfield MI) has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Sterling Bancorp (Southfield MI) expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-17.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sterling Bancorp (Southfield MI) expected to grow at an attractive rate?
  • Sterling Bancorp (Southfield MI)'s earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Sterling Bancorp (Southfield MI)'s earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Sterling Bancorp (Southfield MI)'s revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:SBT Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:SBT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -17.6%
NasdaqCM:SBT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -7%
United States of America Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 1.1%
United States of America Mortgage Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:SBT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:SBT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 113 39 2
2020-12-31 114 41 2
2020-04-08
NasdaqCM:SBT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 133 57
2019-09-30 136 74 59
2019-06-30 138 66 61
2019-03-31 140 64 63
2018-12-31 139 61 63
2018-09-30 132 53 54
2018-06-30 129 50 50
2018-03-31 118 41 43
2017-12-31 111 44 38
2017-09-30 102 47 38
2017-06-30 95 46 35
2017-03-31 93 43 35

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sterling Bancorp (Southfield MI)'s earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Sterling Bancorp (Southfield MI)'s revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:SBT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Sterling Bancorp (Southfield MI) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:SBT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.80 0.95 0.65 2.00
2020-12-31 0.84 0.90 0.77 2.00
2020-04-08
NasdaqCM:SBT Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.11
2019-09-30 1.14
2019-06-30 1.16
2019-03-31 1.20
2018-12-31 1.20
2018-09-30 1.04
2018-06-30 1.01
2018-03-31 0.90
2017-12-31 0.82
2017-09-30 0.83
2017-06-30 0.78
2017-03-31 0.77

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Sterling Bancorp (Southfield MI) is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sterling Bancorp (Southfield MI)'s future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Sterling Bancorp (Southfield MI) has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Sterling Bancorp (Southfield MI) performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Sterling Bancorp (Southfield MI)'s growth in the last year to its industry (Mortgage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Sterling Bancorp (Southfield MI) has delivered over 20% year on year earnings growth in the past 5 years.
  • Sterling Bancorp (Southfield MI)'s 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Sterling Bancorp (Southfield MI)'s 1-year earnings growth is negative, it can't be compared to the US Mortgage industry average.
Earnings and Revenue History
Sterling Bancorp (Southfield MI)'s revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Sterling Bancorp (Southfield MI) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:SBT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 132.56 56.95 47.07
2019-09-30 136.34 59.00 45.67
2019-06-30 138.03 60.85 44.48
2019-03-31 140.46 63.40 43.43
2018-12-31 138.91 63.47 41.67
2018-09-30 132.37 54.00 40.01
2018-06-30 128.51 50.35 38.22
2018-03-31 117.94 43.31 35.41
2017-12-31 111.21 37.98 33.52
2017-09-30 101.82 37.57 31.07
2017-06-30 95.50 35.42 29.00
2017-03-31 93.48 35.07 27.84
2016-12-31 89.06 33.23 26.60
2015-12-31 65.69 22.51 23.07

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Sterling Bancorp (Southfield MI) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sterling Bancorp (Southfield MI) used its assets more efficiently than the US Mortgage industry average last year based on Return on Assets.
  • Unable to establish if Sterling Bancorp (Southfield MI) improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Sterling Bancorp (Southfield MI)'s performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Sterling Bancorp (Southfield MI) has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Sterling Bancorp (Southfield MI)'s financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Sterling Bancorp (Southfield MI)'s finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Sterling Bancorp (Southfield MI) Company Filings, last reported 3 months ago.

NasdaqCM:SBT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 360.32 294.18 78.84
2019-09-30 351.38 294.14 147.35
2019-06-30 342.05 305.10 81.52
2019-03-31 338.90 398.12 59.13
2018-12-31 335.06 358.03 26.84
2018-09-30 319.44 399.99 48.88
2018-06-30 304.11 414.96 36.82
2018-03-31 288.51 407.86 37.54
2017-12-31 273.30 402.89 17.03
2017-09-30 184.47 299.12 36.19
2017-06-30 174.28 408.72 25.97
2017-03-31 162.27 357.54 15.61
2016-12-31 162.27 357.54 15.61
2015-12-31 136.28 326.44 13.04
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Sterling Bancorp (Southfield MI) has an acceptable proportion of non-loan assets held.
  • Sterling Bancorp (Southfield MI)'s liabilities are made up of primarily low risk sources of funding.
  • Loans at Sterling Bancorp (Southfield MI) are broadly funded by customer deposits.
  • Sterling Bancorp (Southfield MI)'s level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Sterling Bancorp (Southfield MI) has a sufficient allowance for bad loans.
  • Sterling Bancorp (Southfield MI) has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Sterling Bancorp (Southfield MI)'s financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Sterling Bancorp (Southfield MI) has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Sterling Bancorp (Southfield MI)'s current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Sterling Bancorp (Southfield MI) dividends. Estimated to be 0.66% next year.
If you bought $2,000 of Sterling Bancorp (Southfield MI) shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Sterling Bancorp (Southfield MI)'s dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Sterling Bancorp (Southfield MI)'s dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:SBT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 88 Stocks 4.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1935 Stocks 2.9%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.9%
United States of America Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:SBT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.02 2.00
2020-12-31 0.03 2.00
2020-04-08
NasdaqCM:SBT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-06 0.000 0.000
2020-02-11 0.040 0.561
2019-11-05 0.040 0.485
2019-07-19 0.040 0.411
2019-05-13 0.040 0.408
2019-02-11 0.040 0.403
2018-10-17 0.040 0.465
2018-08-13 0.040 0.338
2018-05-15 0.040 0.299
2018-01-31 0.040 0.299
2018-01-30 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Sterling Bancorp (Southfield MI) has not reported any payouts.
  • Unable to verify if Sterling Bancorp (Southfield MI)'s dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Sterling Bancorp (Southfield MI)'s earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Sterling Bancorp (Southfield MI) has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Sterling Bancorp (Southfield MI)'s dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Sterling Bancorp (Southfield MI)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Sterling Bancorp (Southfield MI) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sterling Bancorp (Southfield MI) has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Sterling Bancorp (Southfield MI)'s salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tom Lopp
COMPENSATION $563,814
AGE 55
TENURE AS CEO 0.4 years
CEO Bio

Mr. Thomas Lopp, also known as Tom, has been President of Sterling Bancorp, Inc. since December 2016 and its Chairman and Chief Executive Officer since November 30, 2019. He serves as Chairman, President & CEO at Sterling Bank and Trust, FSB. He served as Chief Financial Officer and Treasurer of Sterling Bancorp, Inc. since 2002 until November 30, 2019. He has been a member of the Sterling Bancorp since 1997. In 2015, he obtained additional responsibility as the executive in charge of the Southern California expansion. Prior to serving as the Company’s Chief Financial Officer and Treasurer, he served as the Director of the Consumer Loan Division from 2000 to 2002 and the Divisional Controller from 1997 to 2000. Prior to joining the Company in 1997, he served as a senior financial analyst at First of America Bank Corporation, credit card product manager at NBD Bank, N.A., and credit card portfolio analyst for Security Bancorp, Inc., later acquired by First of America Bank Corporation.

CEO Compensation
  • Tom's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Tom's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Sterling Bancorp (Southfield MI) management team in years:

0.4
Average Tenure
  • The average tenure for the Sterling Bancorp (Southfield MI) management team is less than 2 years, this suggests a new team.
Management Team

Tom Lopp

TITLE
Chairman
COMPENSATION
$564K
AGE
55
TENURE
0.4 yrs

Michael Montemayor

TITLE
Chief Lending Officer and President of Commercial & Retail Banking
COMPENSATION
$535K
AGE
50
TENURE
14.3 yrs

Steve Huber

TITLE
CFO & Treasurer
TENURE
0.4 yrs
Board of Directors Tenure

Average tenure and age of the Sterling Bancorp (Southfield MI) board of directors in years:

7.3
Average Tenure
50
Average Age
  • The tenure for the Sterling Bancorp (Southfield MI) board of directors is about average.
Board of Directors

Barry Allen

TITLE
Director
COMPENSATION
$97K
AGE
74
TENURE
22.3 yrs

Tom Lopp

TITLE
Chairman
COMPENSATION
$564K
AGE
55
TENURE
0.4 yrs

Lyle Wolberg

TITLE
Independent Director
COMPENSATION
$78K
AGE
49
TENURE
2.7 yrs

Barb Stewart

TITLE
Independent Director
COMPENSATION
$53K
AGE
38
TENURE
2.2 yrs

Benjamin Wineman

TITLE
Independent Director
COMPENSATION
$87K
AGE
43
TENURE
7.3 yrs

Peter Sinatra

TITLE
Director
AGE
51
TENURE
16.3 yrs

Sandra Seligman

TITLE
Director
AGE
72
TENURE
26.3 yrs

Seth Meltzer

TITLE
Director
AGE
43
TENURE
20.3 yrs

Peggy Daitch

TITLE
Independent Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
06. Dec 19 Sell K.I.S.S. Dynasty Trust Company 04. Dec 19 04. Dec 19 -400,000 $9.48 $-3,792,000
X
Management checks
We assess Sterling Bancorp (Southfield MI)'s management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Sterling Bancorp (Southfield MI) has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Here's What Sterling Bancorp, Inc. (Southfield, MI)'s (NASDAQ:SBT) P/E Ratio Is Telling Us

Check out our latest analysis for Sterling Bancorp (Southfield MI) How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Sterling Bancorp (Southfield MI): P/E of 8.31 = $9.63 ÷ $1.16 (Based on the year to June 2019.) Is A High Price-to-Earnings Ratio Good? … A higher P/E ratio means that investors are paying a higher price for each $1 of company earnings.

Simply Wall St -

Have Insiders Been Buying Sterling Bancorp, Inc. (Southfield, MI) (NASDAQ:SBT) Shares This Year?

For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' See our latest analysis for Sterling Bancorp (Southfield MI) Sterling Bancorp (Southfield MI) Insider Transactions Over The Last Year In the last twelve months, the biggest single purchase by an insider was when Chairman & CEO Gary Judd bought US$89k worth of shares at a price of US$8.85 per share. … While Sterling Bancorp (Southfield MI) insiders bought shares last year, they didn't sell. … Judging from their transactions, and high insider ownership, Sterling Bancorp (Southfield MI) insiders feel good about the company's future.

Simply Wall St -

Introducing Sterling Bancorp (Southfield MI) (NASDAQ:SBT), The Stock That Dropped 32% In The Last Year

View our latest analysis for Sterling Bancorp (Southfield MI) To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. … Even though the Sterling Bancorp (Southfield MI) share price is down over the year, its EPS actually improved. … A Different Perspective While Sterling Bancorp (Southfield MI) shareholders are down 32% for the year (even including dividends), the market itself is up 1.3%.

Simply Wall St -

Does Sterling Bancorp, Inc. (Southfield, MI) (NASDAQ:SBT) Have A Good P/E Ratio?

(Southfield, MI)'s (NASDAQ:SBT) P/E ratio and reflect on what it tells us about the company's share price. … Based on the last twelve months, Sterling Bancorp (Southfield MI)'s P/E ratio is 8.14. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Read This Before Selling Sterling Bancorp, Inc. (Southfield, MI) (NASDAQ:SBT) Shares

So we'll take a look at whether insiders have been buying or selling shares in Sterling Bancorp, Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … In the last twelve months there was more buying than selling by Sterling Bancorp (Southfield MI) insiders

Simply Wall St -

Have Insiders Been Selling Sterling Bancorp Inc (Southfield MI) (NASDAQ:SBT) Shares?

So before you buy or sell Sterling Bancorp Inc (Southfield MI) (NASDAQ:SBT), you may well want to know whether insiders have been buying or selling. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … The Last 12 Months Of Insider Transactions At Sterling Bancorp (Southfield MI).

Simply Wall St -

Sterling Bancorp Inc (Southfield MI) (NASDAQ:SBT): Commentary On Fundamentals

Today I've chosen to put the spotlight on Sterling Bancorp Inc (Southfield MI) (NASDAQ:SBT) due to its excellent fundamentals in more than one area. … is a company that has been able to sustain great financial health, trading at an attractive share price. … report on Sterling Bancorp (Southfield MI) here

Simply Wall St -

Sterling Bancorp Inc (Southfield MI) (NASDAQ:SBT): Is Financials Attractive?

is a financial services company operating in an industry, … which is impacted by macroeconomic factors such as interest rate changes and inflation … Financial services analysts are forecasting for the entire industry,

Simply Wall St -

Can Sterling Bancorp Inc (Southfield MI)'s (NASDAQ:SBT) ROE Continue To Surpass The Industry Average?

With an ROE of 15.01%, Sterling Bancorp Inc (Southfield MI) (NASDAQ:SBT) outpaced its own industry which delivered a less exciting 5.80% over the past year. … Sustainability can be gauged by a company’s financial leverage – the more debt it has, the higher ROE is pumped up in the short term, at the expense of long term interest payment burden. … See our latest analysis for Sterling Bancorp (Southfield MI)

Simply Wall St -

Is Sterling Bancorp Inc (Southfield MI) (NASDAQ:SBT) Potentially Underrated?

Sterling Bancorp Inc (Southfield MI) (NASDAQ:SBT) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … Below, I've touched on some key aspects you should know on a high level.

Simply Wall St -

Company Info

Description

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. The company offers checking, savings, and money market accounts, as well as IRAs 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. It also provides investment management, wealth management, and retail banking services. As of June 27, 2019, the company operated through a network of 30 branches in California, New York, Washington, and Michigan. Sterling Bancorp, Inc. (Southfield, MI) was founded in 1984 and is headquartered in Southfield, Michigan.

Details
Name: Sterling Bancorp, Inc. (Southfield, MI)
SBT
Exchange: NasdaqCM
Founded: 1984
$171,309,542
49,944,473
Website: http://www.sterlingbank.com
Address: Sterling Bancorp, Inc. (Southfield, MI)
One Towne Square,
Suite 1900,
Southfield,
Michigan, 48076,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM SBT Common Voting Stock Nasdaq Capital Market US USD 17. Nov 2017
Number of employees
Current staff
Staff numbers
342
Sterling Bancorp (Southfield MI) employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 07:25
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/24
Last earnings filing: 2020/01/29
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.