NYSE:STL - Sterling Bancorp Stock Price, Forecast & News

Sterling Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "STL."

Sterling Bancorp announced a quarterly dividend on Thursday, January 23rd. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.07 per share on Tuesday, February 18th. This represents a $0.28 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Friday, January 31st. View Sterling Bancorp's Dividend History.

Sterling Bancorp (NYSE:STL) posted its quarterly earnings results on Wednesday, January, 22nd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.53 by $0.01. The financial services provider had revenue of $260.60 million for the quarter, compared to analysts' expectations of $256.05 million. Sterling Bancorp had a net margin of 31.85% and a return on equity of 9.97%. The business's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 earnings per share. View Sterling Bancorp's Earnings History.

Sterling Bancorp is scheduled to release their next quarterly earnings announcement on Wednesday, April 22nd 2020. View Earnings Estimates for Sterling Bancorp.

7 Wall Street analysts have issued 1-year price targets for Sterling Bancorp's shares. Their forecasts range from $25.00 to $28.00. On average, they expect Sterling Bancorp's stock price to reach $26.08 in the next year. This suggests a possible upside of 27.2% from the stock's current price. View Analyst Price Targets for Sterling Bancorp.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sterling Bancorp in the last year. There are currently 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Sterling Bancorp.

Media headlines about STL stock have been trending somewhat negative recently, according to InfoTrie. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Sterling Bancorp earned a news impact score of -1.0 on InfoTrie's scale. They also gave news headlines about the financial services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the next few days. View News Stories for Sterling Bancorp.

Sterling Bancorp saw a decrease in short interest in the month of December. As of December 31st, there was short interest totalling 8,610,000 shares, a decrease of 8.7% from the December 15th total of 9,430,000 shares. Based on an average daily volume of 1,290,000 shares, the days-to-cover ratio is currently 6.7 days. Approximately 4.3% of the shares of the company are short sold. View Sterling Bancorp's Current Options Chain.

Some companies that are related to Sterling Bancorp include PNC Financial Services Group (PNC), Truist Financial (TFC), SunTrust Banks (STI), M&T Bank (MTB), Fifth Third Bancorp (FITB), First Republic Bank (FRC), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Zions Bancorporation NA (ZION), Signature Bank (SBNY), Commerce Bancshares (CBSH), TCF Financial (TCF) and East West Bancorp (EWBC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Sterling Bancorp investors own include JPMorgan Chase & Co. (JPM), BGC Partners (BGCP), Heico (HEI), NVIDIA (NVDA), QUALCOMM (QCOM), WebMD Health (WBMD), Alibaba Group (BABA), Bank of America (BAC), General Electric (GE) and Alphabet (GOOG).

Sterling Bancorp's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Smith Graham & Co. Investment Advisors LP (0.18%), Hudson Valley Investment Advisors Inc. ADV (0.17%), Hennessy Advisors Inc. (0.05%), SeaCrest Wealth Management LLC (0.04%), Strs Ohio (0.02%) and State of Alaska Department of Revenue (0.02%). Company insiders that own Sterling Bancorp stock include Brian T Edwards, Burt Steinberg, Jack L Kopnisky, James F Deutsch, James J Landy, James P Blose, Javier L Evan, Mona Aboelnaga, Richard L O'toole, Robert Giambrone, Rodney Whitwell and Thomas X Geisel. View Institutional Ownership Trends for Sterling Bancorp.

STL stock was sold by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc., Smith Graham & Co. Investment Advisors LP, State of Alaska Department of Revenue, Hudson Valley Investment Advisors Inc. ADV and SeaCrest Wealth Management LLC. Company insiders that have sold Sterling Bancorp company stock in the last year include Brian T Edwards, Jack L Kopnisky, James J Landy, Javier L Evan, Rodney Whitwell and Thomas X Geisel. View Insider Buying and Selling for Sterling Bancorp.

STL stock was bought by a variety of institutional investors in the last quarter, including FNY Investment Advisers LLC, Strs Ohio, Janney Montgomery Scott LLC and Sciencast Management LP. Company insiders that have bought Sterling Bancorp stock in the last two years include Mona Aboelnaga, Richard L O'toole and Robert Giambrone. View Insider Buying and Selling for Sterling Bancorp.

Shares of STL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of STL stock can currently be purchased for approximately $20.51.

Sterling Bancorp has a market capitalization of $4.14 billion and generates $1.33 billion in revenue each year. The financial services provider earns $447.25 million in net income (profit) each year or $2.07 on an earnings per share basis. Sterling Bancorp employs 1,907 workers across the globe.View Additional Information About Sterling Bancorp.

The official website for Sterling Bancorp is http://www.sterlingbancorp.com/.

Sterling Bancorp's mailing address is 400 Rella Boulevard, Montebello NY, 10901. The financial services provider can be reached via phone at 845-369-8040 or via email at [email protected]