company background image
SBT

Sterling Bancorp (Southfield MI) NasdaqCM:SBT Stock Report

Last Price

US$6.00

Market Cap

US$304.9m

7D

-0.5%

1Y

15.8%

Updated

06 Oct, 2022

Data

Company Financials +
SBT fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends0/6

SBT Stock Overview

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

Sterling Bancorp (Southfield MI) Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Sterling Bancorp (Southfield MI)
Historical stock prices
Current Share PriceUS$6.00
52 Week HighUS$7.26
52 Week LowUS$5.01
Beta0.73
1 Month Change3.63%
3 Month Change5.82%
1 Year Change15.83%
3 Year Change-39.21%
5 Year Changen/a
Change since IPO-50.66%

Recent News & Updates

Shareholder Returns

SBTUS MortgageUS Market
7D-0.5%4.4%3.3%
1Y15.8%-31.3%-20.4%

Return vs Industry: SBT exceeded the US Mortgage industry which returned -30.1% over the past year.

Return vs Market: SBT exceeded the US Market which returned -18.8% over the past year.

Price Volatility

Is SBT's price volatile compared to industry and market?
SBT volatility
SBT Average Weekly Movement3.5%
Mortgage Industry Average Movement3.4%
Market Average Movement6.9%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market2.9%

Stable Share Price: SBT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: SBT's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1984297Tom O'Brienhttps://www.sterlingbank.com

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 individuals and businesses. It 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. The company also provides retail banking services.

Sterling Bancorp (Southfield MI) Fundamentals Summary

How do Sterling Bancorp (Southfield MI)'s earnings and revenue compare to its market cap?
SBT fundamental statistics
Market CapUS$304.90m
Earnings (TTM)US$20.68m
Revenue (TTM)US$103.30m

14.7x

P/E Ratio

0.9x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SBT income statement (TTM)
RevenueUS$103.30m
Cost of RevenueUS$0
Gross ProfitUS$103.30m
Other ExpensesUS$82.62m
EarningsUS$20.68m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.41
Gross Margin100.00%
Net Profit Margin20.02%
Debt/Equity Ratio34.4%

How did SBT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is SBT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SBT?

Other financial metrics that can be useful for relative valuation.

SBT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio-1.3x

Price to Earnings Ratio vs Peers

How does SBT's PE Ratio compare to its peers?

SBT PE Ratio vs Peers
The above table shows the PE ratio for SBT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12.4x
PBFS Pioneer Bancorp
23.9xn/aUS$245.5m
ATAX America First Multifamily Investors
6.5x-37.9%US$377.6m
HBCP Home Bancorp
8.7x7.9%US$333.3m
TSBK Timberland Bancorp
10.3xn/aUS$232.6m
SBT Sterling Bancorp (Southfield MI)
14.7x-11.1%US$304.9m

Price-To-Earnings vs Peers: SBT is expensive based on its Price-To-Earnings Ratio (14.7x) compared to the peer average (12.4x).


Price to Earnings Ratio vs Industry

How does SBT's PE Ratio compare vs other companies in the US Mortgage Industry?

Price-To-Earnings vs Industry: SBT is expensive based on its Price-To-Earnings Ratio (14.7x) compared to the US Mortgage industry average (11.5x)


Price to Earnings Ratio vs Fair Ratio

What is SBT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SBT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.7x
Fair PE Ratio8.8x

Price-To-Earnings vs Fair Ratio: SBT is expensive based on its Price-To-Earnings Ratio (14.7x) compared to the estimated Fair Price-To-Earnings Ratio (8.8x).


Share Price vs Fair Value

What is the Fair Price of SBT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SBT ($6) is trading above our estimate of fair value ($1.56)

Significantly Below Fair Value: SBT is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


Discover undervalued companies

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-11.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SBT's earnings are forecast to decline over the next 3 years (-11.1% per year).

Earnings vs Market: SBT's earnings are forecast to decline over the next 3 years (-11.1% per year).

High Growth Earnings: SBT's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SBT's revenue is expected to decline over the next 3 years (-17.2% per year).

High Growth Revenue: SBT's revenue is forecast to decline over the next 3 years (-17.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SBT's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

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

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-33.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SBT has high quality earnings.

Growing Profit Margin: SBT became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SBT's earnings have declined by 33.1% per year over the past 5 years.

Accelerating Growth: SBT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SBT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Mortgage industry (0.4%).


Return on Equity

High ROE: SBT's Return on Equity (6.2%) is considered low.


Discover strong past performing companies

Financial Health

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

Financial Health Score

4/6

Financial Health Score 4/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: SBT's Assets to Equity ratio (7.5x) is low.

Allowance for Bad Loans: SBT has a low allowance for bad loans (99%).

Low Risk Liabilities: 92% of SBT's liabilities are made up of primarily low risk sources of funding.

Loan Level: SBT has an appropriate level of Loans to Assets ratio (69%).

Low Risk Deposits: SBT's Loans to Deposits ratio (86%) is appropriate.

Level of Bad Loans: SBT has a high level of bad loans (2.9%).


Discover healthy companies

Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.33%

Forecast Dividend Yield

Dividend Yield vs Market

Sterling Bancorp (Southfield MI) Dividend Yield vs Market
How does Sterling Bancorp (Southfield MI) dividend yield compare to the market?
SegmentDividend Yield
Company (Sterling Bancorp (Southfield MI))0%
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.6%
Industry Average (Mortgage)6.7%
Analyst forecast in 3 Years (Sterling Bancorp (Southfield MI))0.3%

Notable Dividend: Unable to evaluate SBT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SBT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SBT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SBT's dividend payments have been increasing.


Current Payout to Shareholders

Earnings Coverage: SBT is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SBT's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Tom O'Brien (71 yo)

2.33yrs

Tenure

US$3,046,531

Compensation

Mr. Thomas M. O'Brien, also known as Tom, has been Chairman, President and Chief Executive Officer of Sterling Bank and Trust, FSB and Sterling Bancorp, Inc. since June 3, 2020. He served as Chief Executiv...


CEO Compensation Analysis

Tom O'Brien's Compensation vs Sterling Bancorp (Southfield MI) Earnings
How has Tom O'Brien's remuneration changed compared to Sterling Bancorp (Southfield MI)'s earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$21m

Mar 31 2022n/an/a

US$26m

Dec 31 2021US$3mUS$3m

US$23m

Sep 30 2021n/an/a

US$4m

Jun 30 2021n/an/a

-US$6m

Mar 31 2021n/an/a

-US$7m

Dec 31 2020US$3mUS$2m

-US$13m

Compensation vs Market: Tom's total compensation ($USD3.05M) is about average for companies of similar size in the US market ($USD2.83M).

Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: SBT's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: SBT's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of SBT?
Owner TypeNumber of SharesOwnership Percentage
General Public2,473,4044.9%
Institutions13,169,35225.9%
Individual Insiders35,173,65169.2%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 93.37% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
38.6%
Erwin Rubenstein
19,615,050$117.7m0%no data
23.67%
Scott Seligman
12,026,607$72.2m0%no data
5%
AllianceBernstein L.P.
2,542,848$15.3m-1.86%0.01%
3.14%
Wasatch Advisors Inc
1,597,213$9.6m14.29%0.05%
3.06%
FJ Capital Management, LLC
1,554,000$9.3m-30.41%0.95%
2.93%
Seth Meltzer
1,490,180$8.9m0%no data
2.9%
Sandra Seligman
1,473,723$8.8m0%no data
2.84%
The TCW Group, Inc.
1,441,240$8.6m-10.63%0.11%
1.86%
The Vanguard Group, Inc.
944,309$5.7m39.49%no data
1.65%
BlackRock, Inc.
840,258$5.0m305.52%no data
0.99%
Banc Funds Company, L.L.C.
502,061$3.0m0%0.28%
0.92%
Dimensional Fund Advisors LP
465,800$2.8m9.45%no data
0.85%
Eaton Vance Management
432,864$2.6m-1.77%no data
0.68%
Geode Capital Management, LLC
344,144$2.1m87.57%no data
0.67%
Bridgeway Capital Management, LLC
340,000$2.0m0%0.05%
0.59%
Thomas O'Brien
301,740$1.8m0.58%no data
0.54%
Renaissance Technologies LLC
274,528$1.6m-15.76%no data
0.5%
Kennedy Capital Management, Inc.
252,370$1.5m42.89%0.04%
0.43%
State Street Global Advisors, Inc.
220,447$1.3m116.12%no data
0.36%
Millennium Management LLC
184,387$1.1m-14.21%no data
0.31%
Tocqueville Asset Management LP
155,000$930.0k0%0.02%
0.29%
Northern Trust Global Investments
149,850$899.1k271.15%no data
0.27%
Clearwater Management Co., Inc.
138,141$828.8k23.53%0.23%
0.18%
Angel Oak Capital Advisors, LLC
93,000$558.0k0%2.11%
0.14%
BNY Mellon Asset Management
68,610$411.7k85.99%no data

Company Information

Sterling Bancorp, Inc. (Southfield, MI)'s 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
  • Implied Market Cap: US$304.898m
  • Shares outstanding: 50.82m
  • 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

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/06 00:00
End of Day Share Price2022/10/06 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.