Sterling Bancorp with ticker code (SBT) now have 2 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 6 and 4.75 and has a mean target at 5.38. With the stocks previous close at 4.39 this now indicates there is a potential upside of 22.6%. There is a 50 day moving average of 3.94 while the 200 day moving average is 3.49. The company has a market cap of $222m. Company Website: http://www.sterlingbank.com
The potential market cap would be $272m based on the market concensus.
Sterling Bancorp (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. 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 investment management, wealth management, and retail banking services. As of December 31, 2019, it operated through a network of 30 branches in San Francisco and Los Angeles, California; New York, New York; Southfield, Michigan; and the greater Seattle market. The company was founded in 1984 and is headquartered in Southfield, Michigan.
