Loading...

Sterling Bancorp (Southfield MI)

Nasdaq:SBT
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SBT
Nasdaq
$445M
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 35 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
-1.5%
NasdaqCM:SBT
-2.9%
US Mortgage
-1.5%
US Market
1 Year Returns
-35.6%
NasdaqCM:SBT
-16.6%
US Mortgage
-4.2%
US Market
SBT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sterling Bancorp (Southfield MI) (SBT) -1.5% -14.3% -38% -35.6% - -
US Mortgage -2.9% -6.5% -13.2% -16.6% 7.6% 17.4%
US Market -1.5% -5.2% -11.2% -4.2% 27.3% 35.3%
1 Year Return vs Industry and Market
  • SBT underperformed the Mortgage industry which returned -16.6% over the past year.
  • SBT underperformed the Market in United States of America which returned -4.2% over the past year.
Price Volatility
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
= $6.84 * 20.4%
$1.39
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. $6.84
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

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 3%
Equity Risk Premium S&P Global 7.1%
Mortgage Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.833 (1 + (1- 21%) (89.93%))
0.881
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (0.881 * 7.05%)
9.16%

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)
= (20.4% – 9.16%) * $6.84)
$0.77
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.77 / (9.16% - 2.95%)
$12.35
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $6.84 + $12.35
$19.19
NasdaqCM:SBT Discount to Share Price
Calculation Result
Value per share (USD) From above. $19.19
Current discount Discount to share price of $8.10
= -1 x ($8.10 - $19.19) / $19.19
57.8%

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 $8.1 vs Future cash flow value of $19.19
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 (2018-09-30) in USD $1.04
NasdaqCM:SBT Share Price ** NasdaqCM (2018-12-17) in USD $8.1
United States of America Mortgage Industry PE Ratio Median Figure of 134 Publicly-Listed Mortgage Companies 17.13x
United States of America Market PE Ratio Median Figure of 3,017 Publicly-Listed Companies 16.77x

* 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)

= 8.1 ÷ 1.04

7.8x

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 7.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
4.4%per year
United States of America Mortgage Industry PEG Ratio Median Figure of 51 Publicly-Listed Mortgage Companies 1.17x
United States of America Market PEG Ratio Median Figure of 2,105 Publicly-Listed Companies 1.16x

*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

= 7.8x ÷ 4.4%

1.76x

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

  • Sterling Bancorp (Southfield MI) is poor value based on expected growth next year.
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 (2018-09-30) in USD $6.03
NasdaqCM:SBT Share Price * NasdaqCM (2018-12-17) in USD $8.1
United States of America Mortgage Industry PB Ratio Median Figure of 143 Publicly-Listed Mortgage Companies 1.1x
United States of America Market PB Ratio Median Figure of 5,082 Publicly-Listed Companies 1.7x
NasdaqCM:SBT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 8.1 ÷ 6.03

1.34x

* 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 overvalued 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 4/6, 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
4.4%
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 growth is expected to exceed the low risk savings rate of 3%.
Growth vs Market Checks
  • Sterling Bancorp (Southfield MI)'s earnings growth is positive but not above the United States of America market average.
  • Sterling Bancorp (Southfield MI)'s revenue growth is positive but not above 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 4.4%
NasdaqCM:SBT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 7.1%
United States of America Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 8.8%
United States of America Mortgage Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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 (2 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
2019-12-31 148 61 2
2018-12-31 141 62 2
NasdaqCM:SBT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
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
2016-12-31 89 29 33
2015-12-31 66 24 23

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sterling Bancorp (Southfield MI)'s earnings are expected to grow by 4.4% yearly, however this is not considered high growth (20% yearly).
  • Sterling Bancorp (Southfield MI)'s revenue is expected to grow by 7.1% yearly, however this is not considered high growth (20% yearly).
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 (2 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 2 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
2019-12-31 1.16 1.16 1.15 2.00
2018-12-31 1.18 1.18 1.18 2.00
NasdaqCM:SBT Past Financials Data
Date (Data in USD Millions) EPS *
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
2016-12-31 0.73
2015-12-31 0.49

*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.
  • Unable to establish if Sterling Bancorp (Southfield MI) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
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 1/6, 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.
  • Unable to establish if Sterling Bancorp (Southfield MI)'s year on year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
  • Unable to compare Sterling Bancorp (Southfield MI)'s 1-year earnings growth to the 5-year average as it has been trading publicly for less than 3 years.
  • Sterling Bancorp (Southfield MI)'s earnings growth has exceeded the US Mortgage industry average in the past year (43.7% vs 15.7%).
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 2 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
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 2 months ago.

NasdaqCM:SBT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
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 moderate (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
0.49%
Current annual income from Sterling Bancorp (Southfield MI) dividends. Estimated to be 0.49% next year.
If you bought $2,000 of Sterling Bancorp (Southfield MI) shares you are expected to receive $10 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?
  • 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 (3.77%).
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 96 Stocks 3.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1983 Stocks 2.6%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

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
2019-12-31 0.04 2.00
2018-12-31 0.04 2.00
NasdaqCM:SBT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-10-17 0.040 0.434
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
2017-11-17 0.210 1.616

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

  • 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
What portion of Sterling Bancorp (Southfield MI)'s earnings are paid to the shareholders as a dividend.
  • 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.
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 0.9%) - 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
Gary Judd
COMPENSATION $834,615
AGE 77
TENURE AS CEO 10.3 years
CEO Bio

Gary Judd has served as Chairman, and Chief Executive Officer of Sterling Bancorp, Inc. (the “Company”) since August 2008. Additionally, he served as President of the Company from August 2008 until December 2016. He began his banking career with Citibank, serving over fifteen years, including assignments over eight years in international banking based in New York, the Middle East, and India. Mr. Judd held positions in commercial lending, operations, treasury/foreign exchange, and country management. He held domestic positions in the Operating Group in New York, Citicorp, working on acquisitions in California, and ending as Citibank's Consumer Group's senior executive for Manhattan south of Forty Second Street. Mr. Judd was also responsible as a business manager for a large-scale consumer banking system development project. He then served as a general partner of Campbell Oil, Ltd., a private oil and gas exploration and production company in Denver, Colorado. Mr. Judd was co-Founder, President, Chief Executive Officer, and director of Vectra Bank. After its sale to Zions Bancorporation, he served as President, Chief Executive Officer, and Chairman of Vectra Bank Colorado and as a Vice President of Zions Bancorporation. Mr. Judd then served as President and director of Metyor, Inc., a technology start-up company based in Sydney, Australia, before returning to banking as a senior executive and director with WestStar Bank/Vail Banks, becoming President and Chief Executive Officer in 2004. Following the sale of Vail Banks to U.S. Bank, he served as Chairman of U.S. Bank's Denver, Colorado Board. He holds a M.A. from Johns Hopkins University School of Advanced International Studies.

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

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

10.3
Average Tenure
54
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.
Management Team

Gary Judd

TITLE
Chairman & CEO
COMPENSATION
$835K
AGE
77
TENURE
10.3 yrs

Tom Lopp

TITLE
President
COMPENSATION
$405K
AGE
54
TENURE
2 yrs

Michael Montemayor

TITLE
Chief Lending Officer and President of Commercial & Retail Banking
COMPENSATION
$371K
AGE
49
TENURE
12.9 yrs

Allyson Pooley

TITLE
Investor Relations Professional

Scott J. Seligman

TITLE
Vice President
Board of Directors Tenure

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

16.9
Average Tenure
60.5
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.
Board of Directors

Gary Judd

TITLE
Chairman & CEO
COMPENSATION
$835K
AGE
77
TENURE
10.3 yrs

Lyle Wolberg

TITLE
Director
COMPENSATION
$22K
AGE
48
TENURE
1.3 yrs

Barry Allen

TITLE
Director
COMPENSATION
$66K
AGE
73
TENURE
20.9 yrs

Barb Stewart

TITLE
Independent Director
AGE
37
TENURE
0.8 yrs

Benjamin Wineman

TITLE
Director
COMPENSATION
$64K
AGE
42
TENURE
5.9 yrs

Peter Sinatra

TITLE
Director
AGE
50
TENURE
14.9 yrs

Sandra Seligman

TITLE
Director
AGE
71
TENURE
24.9 yrs

Seth Meltzer

TITLE
Director
AGE
42
TENURE
18.9 yrs

Jon Fox

TITLE
Director
COMPENSATION
$64K
AGE
75
TENURE
21.9 yrs

Barry Allen

TITLE
Director
COMPENSATION
$34K
AGE
73
TENURE
20.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Sterling Bancorp (Southfield MI) insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
26. Oct 18 Buy Seth Meltzer Individual 25. Oct 18 25. Oct 18 7,000 $9.84 $68,729
26. Oct 18 Buy Benjamin Wineman Individual 28. Sep 18 25. Oct 18 800 $11.30 $8,545
24. Aug 18 Buy Lyle Wolberg Individual 22. Aug 18 22. Aug 18 1,000 $11.50 $11,500
23. Jul 18 Buy Peter Sinatra Individual 21. Nov 17 21. Nov 17 29,415 $12.00 $352,980
23. Mar 18 Buy Michael Montemayor Individual 22. Mar 18 22. Mar 18 2,000 $13.20 $26,400
28. Dec 17 Buy Lyle Wolberg Individual 21. Nov 17 21. Nov 17 1,000 $12.00 $12,000
28. Dec 17 Buy Benjamin Wineman Individual 21. Nov 17 21. Nov 17 10,000 $12.00 $120,000
28. Dec 17 Buy John Fox Individual 21. Nov 17 21. Nov 17 2,000 $12.00 $24,000
28. Dec 17 Buy Barry Allen Individual 21. Nov 17 21. Nov 17 10,000 $12.00 $120,000
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

External News
Loading...
Simply Wall St News

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 -

Sterling Bancorp Inc (Southfield MI) (SBT)'s Earnings Grew 23.5%, Is It Enough?

After looking at Sterling Bancorp Inc (Southfield MI)'s (NASDAQ:SBT) latest earnings announcement (30 September 2017), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … Check out our latest analysis for Sterling Bancorp (Southfield MI) Did SBT's recent EPS Growth beat the long-term trend and the industry? … Sterling Bancorp (Southfield MI)'s most recent bottom-line is $37.6M, which compared to the previous year's figure, has risen by 23.03%.

Simply Wall St -

Company Info

Map
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 in the United States. The company offers checking, saving, 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 and wealth management services. As of August 06, 2018, the company had 28 branches in California, New York, Michigan, and Washington, as well as a loan production office in Seattle. 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
$444,773,054
53,012,283
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
331
Sterling Bancorp (Southfield MI) employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/18 01:02
End of day share price update: 2018/12/17 00:00
Last estimates confirmation: 2018/10/30
Last earnings filing: 2018/11/13
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.