Loading news...
/PRNewswire/ -- "I thought there should be a way to greatly simplify the process of docking a boat, especially when dealing with waves, currents, and windy
SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bancorp, Inc. (NASDAQ: SBT) (“Sterling” or the “Company”) today announced that the Company's board of directors (the “Board” or “Board of Directors”) has declared an initial liquidating distribution pursuant to its previously announced Plan of Dissolution in the amount of $4.85 per share, or approximately $252 million, payable on April 8, 2025 to shareholders of record as of April 1, 2025 and has set April 1, 2025 as the record date for all future li.
SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bancorp, Inc. (NASDAQ: SBT) (“Sterling” or the “Company”), the holding company of Sterling Bank and Trust, F.S.B. (the “Bank”), today announced the closing of the previously announced sale of all of the issued and outstanding shares of capital stock of the Bank to EverBank Financial Corp, a Delaware corporation (“EverBank”), which will become effective as of 12:01 a.m. (Eastern Time) on April 1, 2025. In connection with the closing of the sale, the C.
SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bancorp, Inc. (NASDAQ: SBT) (“Sterling” or the “Company”), the holding company of Sterling Bank and Trust, F.S.B. (the “Bank”), today announced the receipt of regulatory approval from the Board of Governors of the Federal Reserve System of the Company's sale of all of the issued and outstanding shares of capital stock of the Bank to EverBank Financial Corp, a Delaware corporation (“EverBank”), which is the final regulatory approval needed to complete.
SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bancorp, Inc. (NASDAQ: SBT) (“Sterling” or the “Company”), the holding company of Sterling Bank and Trust, F.S.B. (the “Bank”), today announced the receipt of regulatory approval from the Office of the Comptroller of the Currency of the Company's sale of all of the issued and outstanding shares of capital stock of the Bank to EverBank Financial Corp, a Delaware corporation (“EverBank”). In connection with the sale, the Company will receive a fixed pu.
SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bancorp, Inc. (NASDAQ: SBT) (“Sterling” or the “Company”), the holding company of Sterling Bank and Trust, F.S.B. (the “Bank”), today reported that its shareholders have approved (i) the sale of all of the issued and outstanding shares of capital stock of the Bank to EverBank Financial Corp and (ii) the Plan of Dissolution approved and adopted by the board of directors of the Company on September 15, 2024. The shareholders also approved, on an adviso.
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Sterling Bank and Trust, F.S.B. (the “Bank”), a wholly owned subsidiary of Sterling Bancorp, Inc. (“Sterling” or the “Company”) (NasdaqCM: SBT), to EverBank Financial Corp. Under the terms of the proposed transaction, EverBank would acquire all of the capital stock of the Bank from the Company for fixed cash c.
SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bancorp, Inc. (NASDAQ: SBT) (“Sterling” or the “Company”), the holding company of Sterling Bank and Trust, F.S.B. (the “Bank”), today reported its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Net loss of $(0.1) million, or $(0.00) per diluted share Net interest margin of 2.30% Nonperforming loans of $13.2 million, 1.08% of total loans and 0.54% of total assets Provision for (recovery of) cr.
NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Sterling Bancorp , Inc . (Nasdaq : SBT ), relating to a proposed merger with EverBank Financial Corp. Under the terms of the agreement, EverBank will acquire all outstanding shares of Sterling Bancorp in an all-cash transaction.
NEW YORK , Oct. 22, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Sterling Bancorp, Inc. (Nasdaq: SBT ), relating to a proposed merger with EverBank Financial Corp. Under the terms of the agreement, EverBank will acquire all outstanding shares of Sterling Bancorp in an all-cash transaction.
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Sterling Bank and Trust, F.S.B. (the “Bank”), a wholly owned subsidiary of Sterling Bancorp, Inc. (“Sterling” or the “Company”) (NasdaqCM: SBT), to EverBank Financial Corp. Under the terms of the proposed transaction, EverBank would acquire all of the capital stock of the Bank from the Company for fixed cash c.
SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Sterling Bancorp, Inc. Buyout September 17, 2024 11:44 AM EDT | Source: Rigrodsky Law, P.A. Wilmington, Delaware--(Newsfile Corp. - September 17, 2024) - Rigrodsky Law, P.A. is investigating Sterling Bancorp, Inc. ("Sterling") (NASDAQ: SBT) regarding possible breaches of fiduciary duties and other violations of law related to Sterling's agreement to be acquired by EverBank Financial Corp.To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-sterling-bancorp-inc.To contact Seth D. Rigrodsky or Gina M. Serra cost free, call or text (302) 295-5310 or email info@rl-legal.com.Rigrodsky Law, P.A., with offices in Delaware and New York, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in securities fraud and corporate class actions nationwide.Attorney advertising. Prior results do not guarantee a similar outcome.Contact: Rigrodsky Law, P.A.Seth D. Rigrodsky, Esq.Gina M. Serra, Esq.Call or Text: (302) 295-5310 Email: info@rl-legal.com 4879-0176-6366, v. 1To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223623 SOURCE: Rigrodsky Law, P.A.
NEW YORK , Sept. 16, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Sterling Bancorp, Inc. (NASDAQ: SBT) and its board of directors concerning the proposed acquisition of the company by EverBank Financial Corp. The transaction is valued at $261 million and is expected to close in the first quarter of 2025.
MILWAUKEE , Sept. 16, 2024 /PRNewswire/ -- Ademi LLP is investigating Sterling (Nasdaq: SBT) for possible breaches of fiduciary duty and other violations of law in its transaction with Everbank.
SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bancorp, Inc. (the “Company”) (NASDAQ: SBT), the thrift holding company for Sterling Bank and Trust, F.S.B., Southfield, Michigan (the “Bank”), today announced that it expects to issue its financial results for the second quarter 2024 prior to the market open on Wednesday, July 24, 2024. The Company will also host a conference call and webcast on Wednesday, July 24, 2024 at 11 AM Eastern Time to discuss its financial results. Conference Call, Replay.
Klépierre (OTCMKTS:KLPEF – Get Free Report) and Digital Realty Trust (NYSE:DLR – Get Free Report) are both finance companies, but which is the superior stock? We will compare the two businesses based on the strength of their risk, earnings, analyst recommendations, institutional ownership, profitability, dividends and valuation. Analyst Recommendations This is a summary of recent recommendations for Klépierre and Digital Realty Trust, as provided by MarketBeat.com. Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Klépierre 1 2 0 0 1.67 Digital Realty Trust 2 7 7 1 2.41 Digital Realty Trust has a consensus target price of $142.65, indicating a potential downside of 0.82%. Given Digital Realty Trust’s stronger consensus rating and higher probable upside, analysts clearly believe Digital Realty Trust is more favorable than Klépierre. Valuation & Earnings This table compares Klépierre and Digital Realty Trust’s revenue, earnings per share (EPS) and valuation. Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Klépierre $1.62 billion N/A $208.54 million N/A N/A Digital Realty Trust $5.48 billion 8.20 $948.84 million $3.60 39.95 Digital Realty Trust has higher revenue and earnings than Klépierre. Profitability This table compares Klépierre and Digital Realty Trust’s net margins, return on equity and return on assets. Net Margins Return on Equity Return on Assets Klépierre N/A N/A N/A Digital Realty Trust 21.24% 6.37% 2.72% Risk and Volatility Klépierre has a beta of 1.46, indicating that its stock price is 46% more volatile than the S&P 500. Comparatively, Digital Realty Trust has a beta of 0.55, indicating that its stock price is 45% less volatile than the S&P 500. Insider & Institutional Ownership 99.7% of Digital Realty Trust shares are owned by institutional investors. 0.4% of Digital Realty Trust shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term. Summary Digital Realty Trust beats Klépierre on 11 of the 12 factors compared between the two stocks. About Klépierre (Get Free Report) Klépierre SA is the European leader in shopping malls, combining property development and asset management skills. The Company's portfolio is valued at 19.3 billion at December 31, 2023, and comprises large shopping centers in more than 10 countries in Continental Europe which together host hundreds of millions of visitors per year. Klépierre SA holds a controlling stake in Steen & Strøm (56.1%), Scandinavia's number one shopping center owner and manager. Klépierre SA is a French REIT (SIIC) listed on Euronext Paris and is included in the CAC Next 20 and EPRA Euro Zone Indexes. It is also included in ethical indexes, such as Euronext CAC 40 ESG, Euronext CAC SBT 1.5, MSCI Europe ESG Leaders, FTSE4Good, Euronext Vigeo Europe 120, and features in CDP's A-list. These distinctions underscore the Group's commitment to a proactive sustainable development policy and its global leadership in the fight against climate change. About Digital Realty Trust (Get Free Report) Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges. Digital Realty gives its customers access to the connected data communities that matter to them with a global data center footprint of 300+ facilities in 50+ metros across 25+ countries on six continents.
SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bancorp, Inc. (NASDAQ: SBT) (“Sterling” or the “Company”), the holding company of Sterling Bank and Trust, F.S.B. (the “Bank”), today reported its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights Net loss of $(0.2) million, or $(0.00) per diluted share Net interest margin of 2.52% Nonperforming loans of $9.3 million, or 0.72% of total loans and 0.39% of total assets Provision for credit losses of $.
SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bancorp, Inc. (the “Company”) (NASDAQ: SBT), the thrift holding company for Sterling Bank and Trust, F.S.B., Southfield, Michigan (the “Bank”), today announced that it expects to issue its financial results for the first quarter 2024 prior to the market open on Wednesday, April 24, 2024. The Company will also host a conference call and webcast on Wednesday, April 24, 2024 at 11 AM Eastern Time to discuss its financial results. Conference Call, Replay.
Sterling Bancorp, Inc. (Southfield, MI) (SBT) Q4 2023 Earnings Call Transcript