Breaking News

Over a month ago
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Hot Stocks
Sterling Bancorp to hire Thomas O'Brien as CEO » 07:03
06/01/20
06/01
07:03
06/01/20
07:03
SBT

Sterling Bancorp

$2.84 /

-0.23 (-7.49%)

Sterling Bancorp…

Sterling Bancorp announced that the company and the Bank have agreed to hire Thomas O'Brien as the Chairman, President and CEO of the company and the Bank, subject to prior receipt of regulatory non-objection from the Office of the Comptroller of the Currency. O'Brien currently serves as a consultant to the Board of Directors of the Bank and will not assume the duties and responsibilities of President and CEO until such regulatory non-objection is received. Steve Huber, current CFO and Treasurer of the company, will continue to serve as Interim President and CEO until the time O'Brien becomes an employee of the company. O'Brien most recently he served as Vice Chairman of New York City-based Emigrant Bancorp and Emigrant Bank from October 2018 to March 2020.

ShowHide Related Items >><<
SBT Sterling Bancorp
$2.84 /

-0.23 (-7.49%)

SBT Sterling Bancorp
$2.84 /

-0.23 (-7.49%)

03/09/20 Piper Sandler
Sterling Bancorp downgraded to Underweight from Neutral at Piper Sandler
11/25/19 Sandler O'Neill
Sterling Bancorp downgraded to Hold from Buy at Sandler ONeill
SBT Sterling Bancorp
$2.84 /

-0.23 (-7.49%)

Hot Stocks
Sterling Bancorp receives another noncompliance letter from Nasdaq » 07:10
05/20/20
05/20
07:10
05/20/20
07:10
SBT

Sterling Bancorp

$2.83 /

-0.075 (-2.59%)

Sterling Bancorp…

Sterling Bancorp announced that it has received another letter from Nasdaq, notifying the company that its inability to file its quarterly report on Form 10-Q for the period ended March 31 within the prescribed period is an additional basis for the company's non-compliance with such listing requirements. In its notifications, Nasdaq stated that the company had until May 18 to submit a plan to regain compliance. On May 18, the company submitted a plan of compliance to Nasdaq with respect to the delay in filing both its annual report and quarterly report. If Nasdaq accepts the company's plan, it can grant an exception of up to 180 calendar days from the annual report's due date, or until September 14, to regain compliance. If Nasdaq does not accept the company's plan, the company would have the opportunity to appeal that decision to a Nasdaq Hearings Panel and to request a further stay pending the appeal. Nasdaq's notifications have no immediate effect on the listing or trading of the company's common stock on Nasdaq.

ShowHide Related Items >><<
SBT Sterling Bancorp
$2.83 /

-0.075 (-2.59%)

SBT Sterling Bancorp
$2.83 /

-0.075 (-2.59%)

03/09/20 Piper Sandler
Sterling Bancorp downgraded to Underweight from Neutral at Piper Sandler
11/25/19 Sandler O'Neill
Sterling Bancorp downgraded to Hold from Buy at Sandler ONeill
SBT Sterling Bancorp
$2.83 /

-0.075 (-2.59%)

Hot Stocks
Sterling CEO Thomas Lopp resigns due to health, CFO Steve Huber named acting CEO » 07:53
05/08/20
05/08
07:53
05/08/20
07:53
SBT

Sterling Bancorp

$3.25 /

+0.1 (+3.17%)

Sterling Bancorp…

Sterling Bancorp announced that Thomas Lopp, chairman, president, and CEO of the company, informed the company that he has resigned from all of his positions with the company and the bank due to health reasons, effective immediately. The board of the company has appointed Steve Huber, current CFO and treasurer of the company, as acting president and CEO. The company is evaluating its alternatives in connection with the selection of its next president and CEO.

ShowHide Related Items >><<
SBT Sterling Bancorp
$3.25 /

+0.1 (+3.17%)

03/09/20 Piper Sandler
Sterling Bancorp downgraded to Underweight from Neutral at Piper Sandler
11/25/19 Sandler O'Neill
Sterling Bancorp downgraded to Hold from Buy at Sandler ONeill
Over a quarter ago
Hot Stocks
Sterling Bancorp discloses listing deficiency notice from Nasdaq » 16:06
03/23/20
03/23
16:06
03/23/20
16:06
SBT

Sterling Bancorp

$3.00 /

-0.21 (-6.54%)

Sterling Bancorp…

Sterling Bancorp announced that it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC, dated March 18, 2020, notifying the company that it no longer complies with Nasdaq's continued listing requirements under the timely filing criteria set forth in Listing Rule 5250(c)(1) as a result of the company not filing its Annual Report on Form 10-K for the year ended December 31, 2019 within the prescribed period. Nasdaq stated in its notification that the company has 60 calendar days, or until May 18, 2020, to submit a plan to regain compliance. If Nasdaq accepts the company's plan, it can grant an exception of up to 180 calendar days from the Annual Report's due date, or until September 14, 2020, to regain compliance. If Nasdaq does not accept the company's plan, the company would have the opportunity to appeal that decision to a Nasdaq Hearings Panel and to request a further stay pending the appeal. The company intends to submit a plan of compliance on or before the May 18, 2020 deadline. Nasdaq's notification has no immediate effect on the listing or trading of the company's common stock on The Nasdaq Capital Market.

ShowHide Related Items >><<
SBT Sterling Bancorp
$3.00 /

-0.21 (-6.54%)

03/09/20 Piper Sandler
Sterling Bancorp downgraded to Underweight from Neutral at Piper Sandler
11/25/19 Sandler O'Neill
Sterling Bancorp downgraded to Hold from Buy at Sandler ONeill
Downgrade
Sterling Bancorp downgraded to Underweight from Neutral at Piper Sandler » 06:28
03/09/20
03/09
06:28
03/09/20
06:28
SBT

Sterling Bancorp

$6.69 /

-0.12 (-1.76%)

Piper Sandler analyst…

Piper Sandler analyst Matthew Clark downgraded Sterling Bancorp to Underweight from Neutral with a $6 price target. The analyst says the company disclosed "several discouraging items" late Friday.

ShowHide Related Items >><<
SBT Sterling Bancorp
$6.69 /

-0.12 (-1.76%)

11/25/19 Sandler O'Neill
Sterling Bancorp downgraded to Hold from Buy at Sandler ONeill
03/19/19
Fly Intel: Top five analyst initiations
03/19/19 Piper Sandler
Sterling Bancorp initiated with an Overweight at Piper Jaffray
Hot Stocks
Sterling Bancorp files to delay annual report » 06:27
03/09/20
03/09
06:27
03/09/20
06:27
SBT

Sterling Bancorp

$6.69 /

-0.12 (-1.76%)

Sterling Bancorp expects…

Sterling Bancorp expects to file a Notification of Late Filing on Form 12b-25 disclosing that the company will be unable to file its annual report for the year ended December 31, 2019 within the prescribed time period. The delay in filing is to allow for additional review and procedures, including on the part of the company's independent auditors, relating to the circumstances that led to the previously-reported suspension of the bank's Advantage Loan Program. The company intends to file the annual report "as soon as practicable upon completion of the additional review and procedures."

ShowHide Related Items >><<
SBT Sterling Bancorp
$6.69 /

-0.12 (-1.76%)

11/25/19 Sandler O'Neill
Sterling Bancorp downgraded to Hold from Buy at Sandler ONeill
03/19/19
Fly Intel: Top five analyst initiations
03/19/19 Piper Sandler
Sterling Bancorp initiated with an Overweight at Piper Jaffray
Hot Stocks
Sterling Bancorp to cease paying quarterly shareholder dividends » 06:26
03/09/20
03/09
06:26
03/09/20
06:26
SBT

Sterling Bancorp

$6.69 /

-0.12 (-1.76%)

Sterling Bancorp…

Sterling Bancorp disclosed Friday that it has determined to cease paying quarterly shareholder dividends for at least the near term, and that intercompany dividends from the bank to the company have been suspended.

ShowHide Related Items >><<
SBT Sterling Bancorp
$6.69 /

-0.12 (-1.76%)

11/25/19 Sandler O'Neill
Sterling Bancorp downgraded to Hold from Buy at Sandler ONeill
03/19/19
Fly Intel: Top five analyst initiations
03/19/19 Piper Sandler
Sterling Bancorp initiated with an Overweight at Piper Jaffray
Hot Stocks
Sterling Bancorp under investigation by OCC, received grand jury subpoenas » 06:25
03/09/20
03/09
06:25
03/09/20
06:25
SBT

Sterling Bancorp

$6.69 /

-0.12 (-1.76%)

Sterling Bancorp…

Sterling Bancorp disclosed late Friday that it is currently under formal investigation by the Office of the Comptroller of the Currency (and continues to be subject to a publicly-available formal agreement with the OCC, dated June 18, 2019, relating to certain aspects of its Bank Secrecy Act/Anti-Money Laundering compliance program as well as the bank's credit administration. Sterling also has received grand jury subpoenas from the United States Department of Justice requesting the production of documents and information in connection with an investigation that appears to be focused on the bank's residential lending practices and related issues. The bank said it is cooperating with these ongoing investigations. Further, the company, certain of its current and former officers and directors, and other parties have been named as defendants in a shareholder class action captioned Oklahoma Police Pension and Retirement System v. Sterling Bancorp, filed in the United States District Court for the Eastern District of Michigan. This action alleges violations of the federal securities laws, primarily with respect to disclosures concerning the bank's residential lending practices that were made in the company's registration statement and prospectus for its initial public offering, in subsequent periodic filings with the SEC, and during earnings calls. "While the Company intends to vigorously defend this action, it is too early to determine the potential outcome."

ShowHide Related Items >><<
SBT Sterling Bancorp
$6.69 /

-0.12 (-1.76%)

11/25/19 Sandler O'Neill
Sterling Bancorp downgraded to Hold from Buy at Sandler ONeill
03/19/19
Fly Intel: Top five analyst initiations
03/19/19 Piper Sandler
Sterling Bancorp initiated with an Overweight at Piper Jaffray
Earnings
Sterling Bancorp reports Q4 EPS 28c, one estimate 25c » 16:13
01/29/20
01/29
16:13
01/29/20
16:13
SBT

Sterling Bancorp

$7.67 /

+0.04 (+0.52%)

"Overall, our…

"Overall, our financial results for the fourth quarter were in line with our expectations. Our EPS for the quarter was consistent with the third quarter despite lower revenue and higher operating expenses as we benefited from a lower income tax rate. We continue to generate strong returns, as our annualized return on average assets was 1.70% and our annualized return on average tangible common equity was 15.62%. During the quarter, net interest margin improved, primarily due to lower deposit costs more than offsetting the decline in the yield on our interest earning assets. Our loan production was lower during the quarter primarily due to lower residential mortgage production, which was partially offset by higher commercial real estate and construction loan production. As a result, our total loans declined slightly during the quarter," said Tom Lopp, Chairman, CEO and President of Sterling Bancorp.

ShowHide Related Items >><<
SBT Sterling Bancorp
$7.67 /

+0.04 (+0.52%)

11/25/19 Sandler O'Neill
Sterling Bancorp downgraded to Hold from Buy at Sandler ONeill
03/19/19
Fly Intel: Top five analyst initiations
03/19/19 Piper Sandler
Sterling Bancorp initiated with an Overweight at Piper Jaffray
Downgrade
Sterling Bancorp downgraded to Hold from Buy at Sandler ONeill » 07:48
11/25/19
11/25
07:48
11/25/19
07:48
SBT

Sterling Bancorp

$9.90 /

-0.02 (-0.20%)

Sandler ONeill analyst…

Sandler ONeill analyst Aaron James Deer downgraded Sterling Bancorp to Hold from Buy with a $10.50 price target.

ShowHide Related Items >><<
SBT Sterling Bancorp
$9.90 /

-0.02 (-0.20%)

03/19/19
Fly Intel: Top five analyst initiations
03/19/19 Piper Sandler
Sterling Bancorp initiated with an Overweight at Piper Jaffray

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.