NYSE:STLSterling Bancorp Stock Price, Forecast & News

Sterling Bancorp's stock was trading at $12.93 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, STL stock has decreased by 24.7% and is now trading at $9.74. View which stocks have been most impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sterling Bancorp in the last year. There are currently 1 hold rating and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Sterling Bancorp.

Sterling Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Sterling Bancorp.

Sterling Bancorp (NYSE:STL) announced its earnings results on Monday, April, 27th. The financial services provider reported ($0.02) EPS for the quarter, missing the Zacks' consensus estimate of $0.17 by $0.19. The financial services provider earned $250.65 million during the quarter, compared to analyst estimates of $248.89 million. Sterling Bancorp had a net margin of 25.50% and a return on equity of 7.47%. The business's revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.50 EPS. View Sterling Bancorp's earnings history.

Sterling Bancorp announced a quarterly dividend on Tuesday, April 28th. Stockholders of record on Friday, May 8th will be given a dividend of $0.07 per share on Friday, May 22nd. This represents a $0.28 annualized dividend and a yield of 2.87%. The ex-dividend date is Thursday, May 7th. View Sterling Bancorp's dividend history.

7 brokers have issued 12 month price targets for Sterling Bancorp's shares. Their forecasts range from $14.00 to $26.00. On average, they expect Sterling Bancorp's stock price to reach $20.21 in the next year. This suggests a possible upside of 107.5% from the stock's current price. View analysts' price targets for Sterling Bancorp.

Headlines about STL stock have trended somewhat negative this week, according to InfoTrie. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Sterling Bancorp earned a media sentiment score of -1.8 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news about Sterling Bancorp.

Sterling Bancorp saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 9,960,000 shares, an increase of 6.8% from the May 31st total of 9,330,000 shares. Based on an average daily volume of 2,660,000 shares, the days-to-cover ratio is currently 3.7 days. Approximately 5.2% of the company's stock are sold short. View Sterling Bancorp's Current Options Chain.

Some companies that are related to Sterling Bancorp include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Prosperity Bancshares (PB), Zions Bancorporation NA (ZION), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sterling Bancorp investors own include General Electric (GE), JPMorgan Chase & Co. (JPM), Bank of America (BAC), BGC Partners (BGCP), Heico (HEI), NVIDIA (NVDA), QUALCOMM (QCOM), Alibaba Group (BABA), Enterprise Products Partners (EPD) and Energy Transfer LP Unit (ET).

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

Sterling Bancorp's stock is owned by a variety of institutional and retail investors. Top institutional investors include Skyline Asset Management LP (0.28%), Hudson Valley Investment Advisors Inc. ADV (0.17%), Envestnet Asset Management Inc. (0.07%) and Ellevest Inc. (0.00%). Company insiders that own Sterling Bancorp stock include Brian T Edwards, Fernando Ferrer, Jack L Kopnisky, James J Landy, James P Blose, Javier L Evan, Maureen Mitchell, Mona Aboelnaga, Patricia M Nazemetz, Richard L O'toole, Rodney Whitwell, Thomas X Geisel and William E Whiston. View institutional ownership trends for Sterling Bancorp.

STL stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., and Hudson Valley Investment Advisors Inc. ADV. Company insiders that have sold Sterling Bancorp company stock in the last year include Brian T Edwards, Rodney Whitwell, and Thomas X Geisel. View insider buying and selling activity for Sterling Bancorp.

STL stock was bought by a variety of institutional investors in the last quarter, including Skyline Asset Management LP, and Ellevest Inc.. Company insiders that have bought Sterling Bancorp stock in the last two years include Fernando Ferrer, Jack L Kopnisky, James P Blose, Javier L Evan, Maureen Mitchell, Mona Aboelnaga, Patricia M Nazemetz, Richard L O'toole, and William E Whiston. View insider buying and selling activity 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 $9.74.

Sterling Bancorp has a market capitalization of $1.89 billion and generates $1.33 billion in revenue each year. The financial services provider earns $427.04 million in net income (profit) each year or $2.07 on an earnings per share basis. Sterling Bancorp employs 1,639 workers across the globe.

The official website for Sterling Bancorp is 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]