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Is it Time to Dump Sterling Bancorp Inc (SBT) Stock After it Is Higher By 1.42% in a Week?

Friday, June 02, 2023 11:56 AM | InvestorsObserver Analysts

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Is it Time to Dump Sterling Bancorp Inc (SBT) Stock After it Is Higher By 1.42% in a Week?

The market has been down on Sterling Bancorp Inc (SBT) stock recently. SBT gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
Sterling Bancorp Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SBT!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With SBT Stock Today?

Sterling Bancorp Inc (SBT) stock is trading at $5.01 as of 11:55 AM on Friday, Jun 2, a gain of $0.08, or 1.62% from the previous closing price of $4.93. The stock has traded between $4.94 and $5.18 so far today. Volume today is less active than usual. So far 6,517 shares have traded compared to average volume of 30,109 shares. To screen for more stocks like Sterling Bancorp Inc click here.

More About Sterling Bancorp Inc

Sterling Bancorp Inc is a unitary savings and loan holding company. Its primary business is the operation of its wholly-owned subsidiary, Sterling Bank, through which it offers a range of loan products to the residential and commercial markets, as well as retail banking services. The products and services offered by the bank include saving and current accounts, demand and term deposits, payment cards, trade finance, fund transfer, treasury and cash management. It provides services such as construction loans, residential real estate, commercial real estate, commercial lines of credit and other consumer loans. Click Here to get the full Stock Report for Sterling Bancorp Inc stock.

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