NasdaqCM:SBT

Stock Analysis Report

Sterling Bancorp (Southfield MI)

Executive Summary

Sterling Bancorp, Inc. (Southfield, MI) operates as the unitary thrift holding company for Sterling Bank and Trust, F.S.B.

Snowflake

Fundamentals

Flawless balance sheet and fair value.

Share Price & News

How has Sterling Bancorp (Southfield MI)'s share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.4%

NasdaqCM:SBT

-1.6%

US Mortgage

-1.9%

US Market


1 Year Return

-17.7%

NasdaqCM:SBT

-2.6%

US Mortgage

-3.3%

US Market

SBT underperformed the Mortgage industry which returned -2.8% over the past year.

SBT underperformed the Market in United States of America which returned -3% over the past year.


Share holder returns

SBTIndustryMarket
7 Day-1.4%-1.6%-1.9%
30 Day-4.6%-2.8%-6.2%
90 Day-0.6%-1.3%0.3%
1 Year-17.4%-17.7%-0.6%-2.6%-1.1%-3.3%
3 Yearn/a29.6%21.0%37.9%28.9%
5 Yearn/a55.3%39.0%50.8%34.1%

Price Volatility Vs. Market

How volatile is Sterling Bancorp (Southfield MI)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

32%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

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, but not at a substantial discount (< 40%).


Price Based on Earnings

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

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

Sterling Bancorp (Southfield MI) is overvalued based on assets compared to the US Mortgage industry average.


Next Steps

Future Growth

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

-0.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Sterling Bancorp (Southfield MI)'s revenue is expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).

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 growth is positive but not above the United States of America market average.

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 earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Sterling Bancorp (Southfield MI) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

28.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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 less than its 5-year average (20.9% vs 28.2%)

Sterling Bancorp (Southfield MI)'s earnings growth has not exceeded the US Mortgage industry average in the past year (20.9% vs 32.9%).


Return on Equity

Sterling Bancorp (Southfield MI) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Sterling Bancorp (Southfield MI) used its assets more efficiently than the US Mortgage industry average last year based on Return on Assets.


Return on Capital Employed

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.


Next Steps

Financial Health

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


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Sterling Bancorp (Southfield MI) has an acceptable proportion of non-loan assets held.

Sterling Bancorp (Southfield MI) has a sufficient allowance for bad loans.

Sterling Bancorp (Southfield MI)'s liabilities are made up of primarily low risk sources of funding.

Sterling Bancorp (Southfield MI)'s level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Sterling Bancorp (Southfield MI) are broadly funded by customer deposits.

Sterling Bancorp (Southfield MI) has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

0.42%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Sterling Bancorp (Southfield MI)'s pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).

Sterling Bancorp (Southfield MI)'s dividend is below the markets top 25% of dividend payers in United States of America (3.93%).

Sterling Bancorp (Southfield MI) is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.

Sterling Bancorp (Southfield MI) is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.


Current Payout to Shareholders

No need to calculate the sustainability of Sterling Bancorp (Southfield MI)'s dividends as it is not paying a notable one for United States of America.


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.


Next Steps

  • Explore strong dividend paying companies in the Banks industry.

Management

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

11.0yrs

Average management tenure


CEO

Gary Judd (78yo)

11.0yrs

Tenure

0

Mr. Gary S. Judd served as President and Chief Executive Officer of Vail Banks Inc., since January 2004. Mr. Judd served as Division President and President, Regional Operations of WestStar Bank, a subsidi ...


CEO Compensation Analysis

Insufficient data for Gary to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.

Gary's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.


Management Age and Tenure

11.0yrs

Average Tenure

55yo

Average Age

The average tenure for the Sterling Bancorp (Southfield MI) management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

13.3yrs

Average Tenure

51yo

Average Age

The average tenure for the Sterling Bancorp (Southfield MI) board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUS$88,52917 Dec 18
Gary Judd
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares10,000
Max PriceUS$8.85
BuyUS$8,54526 Oct 18
Benjamin Wineman
EntityIndividual
Role
Member of the Board of Directors
Director
Shares800
Max PriceUS$11.30
BuyUS$68,72926 Oct 18
Seth Meltzer
EntityIndividual
Role
Member of the Board of Directors
Director
Shares7,000
Max PriceUS$9.84

Ownership Breakdown


Management Team

  • Gary Judd (78yo)

    Chairman & CEO

    • Tenure: 11.0yrs
  • Michael Montemayor (50yo)

    Chief Lending Officer and President of Commercial & Retail Banking

    • Tenure: 13.6yrs
    • Compensation: US$535.43k
  • Tom Lopp (55yo)

    President

    • Tenure: 2.7yrs
    • Compensation: US$563.81k
  • Allyson Pooley

    Investor Relations Professional

    • Tenure: 0.0yrs

Board Members

  • Gary Judd (78yo)

    Chairman & CEO

    • Tenure: 11.0yrs
  • Barry Allen (74yo)

    Director

    • Tenure: 21.6yrs
    • Compensation: US$97.42k
  • Lyle Wolberg (49yo)

    Director

    • Tenure: 2.0yrs
    • Compensation: US$78.42k
  • Barb Stewart (38yo)

    Independent Director

    • Tenure: 1.5yrs
    • Compensation: US$53.42k
  • Benjamin Wineman (43yo)

    Director

    • Tenure: 6.6yrs
    • Compensation: US$86.67k
  • Peter Sinatra (51yo)

    Director

    • Tenure: 15.6yrs
  • Sandra Seligman (72yo)

    Director

    • Tenure: 25.6yrs
  • Seth Meltzer (43yo)

    Director

    • Tenure: 19.6yrs
  • Barry Allen (74yo)

    Director

    • Tenure: 21.6yrs
  • Tom Minielly

    Independent Director

    • Tenure: 0.2yrs

Company Information

Sterling Bancorp, Inc. (Southfield, MI)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sterling Bancorp, Inc. (Southfield, MI)
  • Ticker: SBT
  • Exchange: NasdaqCM
  • Founded: 1984
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$478.397m
  • Shares outstanding: 50.52m
  • Website: https://www.sterlingbank.com

Number of Employees


Location

  • Sterling Bancorp, Inc. (Southfield, MI)
  • One Towne Square
  • Suite 1900
  • Southfield
  • Michigan
  • 48076
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SBTNasdaqCM (Nasdaq Capital Market)YesCommon Voting StockUSUSDNov 2017

Biography

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 Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/26 01:31
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.