Sterling Bancorp (NASDAQ:SBT) declared a quarterly dividend on Wednesday, February 12th, Wall Street Journal reports. Stockholders of record on Friday, February 21st will be given a dividend of 0.01 per share on Friday, February 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Thursday, February 20th.

Sterling Bancorp has a payout ratio of 4.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Sterling Bancorp to earn $1.00 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 4.0%.

NASDAQ SBT opened at $7.34 on Friday. Sterling Bancorp has a 1-year low of $6.75 and a 1-year high of $10.78. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $364.47 million, a PE ratio of 6.55 and a beta of 1.24. The firm’s fifty day simple moving average is $7.65 and its 200-day simple moving average is $9.03.

Sterling Bancorp (NASDAQ:SBT) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.04. Sterling Bancorp had a net margin of 30.49% and a return on equity of 16.55%. The business had revenue of $32.35 million for the quarter. As a group, analysts predict that Sterling Bancorp will post 0.9 EPS for the current year.

SBT has been the topic of a number of research reports. Sandler O’Neill downgraded shares of Sterling Bancorp from a “buy” rating to a “hold” rating and set a $10.50 price target on the stock. in a research note on Monday, November 25th. ValuEngine raised Sterling Bancorp from a “sell” rating to a “hold” rating in a research report on Sunday, January 5th. Zacks Investment Research raised Sterling Bancorp from a “strong sell” rating to a “hold” rating in a research report on Thursday. Finally, TheStreet downgraded Sterling Bancorp from a “c-” rating to a “d+” rating in a research report on Monday, December 9th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $11.83.

Sterling Bancorp Company Profile

Sterling Bancorp, Inc is a unitary thrift holding company. Its wholly owned subsidiary, Sterling Bank and Trust, F.S.B., has primary branch operations in San Francisco and Los Angeles, California and New York City, and a loan production office in Seattle, Washington. Sterling offers a broad range of loan products to the residential and commercial markets, as well as retail and business banking services.

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Dividend History for Sterling Bancorp (NASDAQ:SBT)

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