Sterling Bancorp Inc (NASDAQ:SBT) declared a special dividend on Thursday, February 1st, Wall Street Journal reports. Shareholders of record on Wednesday, February 14th will be paid a dividend of 0.01 per share on Wednesday, February 28th. This represents a yield of 0.000800640512409928%. The ex-dividend date is Tuesday, February 13th.
Shares of Sterling Bancorp (NASDAQ:SBT) traded down $0.20 during midday trading on Thursday, reaching $12.49. The company’s stock had a trading volume of 151,817 shares, compared to its average volume of 100,555. Sterling Bancorp has a 1 year low of $12.00 and a 1 year high of $14.01.
Separately, Sandler O’Neill restated a “buy” rating and set a $14.50 price objective on shares of Sterling Bancorp in a report on Wednesday, January 3rd.
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Sterling Bancorp Company Profile
Sterling Bancorp, Inc is a holding company. The Company, through its subsidiary, Sterling Bank and Trust, F.S.B. (the Bank), offers a range of loan products to the residential and commercial markets, as well as retail banking services. As of October 19, 2017, it operated through 26 branches, including 20 in the San Francisco area, four in greater Los Angeles, one in New York City and one branch in Michigan.
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