Sterling Bancorp Accelerates Vesting Amid EverBank Sale
Sterling Bancorp (SBT) announced the acceleration of vesting for all unvested shares of restricted stock for independent directors and key employees, effective March 19, 2025. This decision follows the approval of Sterling Bank and Trust's sale to EverBank Financial Corp, along with necessary regulatory approvals. The company's current market cap is $255.7M, with a year-to-date price performance of 2.73% and an average trading volume of 27,630. The technical sentiment consensus rating is 'Buy'.
Sterling Bancorp ( (SBT) ) has issued an announcement.
On March 19, 2025, Sterling Bancorp’s Executive Compensation Committee decided to accelerate the vesting of all unvested shares of restricted stock for independent directors and key employees. This decision followed the approval of Sterling Bank and Trust’s sale to EverBank Financial Corp, along with all necessary regulatory approvals and fulfillment of other closing conditions.
More about Sterling Bancorp
YTD Price Performance: 2.73%
Average Trading Volume: 27,630
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $255.7M
For detailed information about SBT stock, go to TipRanks’ Stock Analysis page.
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