NEW YORK ( TheStreet) -- Sterling (Nasdaq: SBIB) is trading at unusually high volume Wednesday with 3.2 million shares changing hands. It is currently at 4.5 times its average daily volume and trading down 18 cents (-2.3%) at $7.74 as of 3:52 p.m. ET. Sterling has a market cap of $812.2 million and is part of the financial sector and banking industry. Shares are up 12.8% year to date as of the close of trading on Tuesday. Sterling Bancshares, Inc. operates as the holding company of Sterling Bank, which provides commercial and consumer banking services to consumers and small to medium-sized businesses in Texas. The company has a P/E ratio of 198.8, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Sterling as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins, notable return on equity and solid stock price performance. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full Sterling Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.
The ex-dividend date for Sterling (Nasdaq:SBIB) is tomorrow, June 16, 2011. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $8.02 as of 9:32 a.m., the dividend yield is 0.8%.