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

$20.43
+0.04 (+0.20 %)
(As of 12/6/2019 03:10 AM ET)
Today's Range
$20.35
Now: $20.43
$20.52
50-Day Range
$19.61
MA: $20.40
$20.91
52-Week Range
$15.62
Now: $20.43
$22.17
Volume827,470 shs
Average Volume1.93 million shs
Market Capitalization$4.13 billion
P/E Ratio10.22
Dividend Yield1.37%
Beta1.38
Sterling Bancorp operates as the bank holding company for Sterling National Bank that provides various banking products and services to commercial, consumer, and municipal clients in the United States. The company accepts deposit products, including checking, savings, money market, time, and interest and non-interest bearing demand deposits, as well as certificates of deposit and mortgage escrow funds. Read More…

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
CUSIP85915810
Phone845-369-8040

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.31 billion
Cash Flow$1.91 per share
Book Value$19.12 per share

Profitability

Net Income$447.25 million

Miscellaneous

Employees1,907
Market Cap$4.13 billion
Next Earnings Date1/22/2020 (Estimated)
OptionableOptionable

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Sterling Bancorp (NYSE:STL) Frequently Asked Questions

What is Sterling Bancorp's stock symbol?

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

How often does Sterling Bancorp pay dividends? What is the dividend yield for Sterling Bancorp?

Sterling Bancorp announced a quarterly dividend on Wednesday, October 23rd. Shareholders of record on Monday, November 4th will be given a dividend of $0.07 per share on Monday, November 18th. This represents a $0.28 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Friday, November 1st. View Sterling Bancorp's Dividend History.

How were Sterling Bancorp's earnings last quarter?

Sterling Bancorp (NYSE:STL) posted its quarterly earnings data on Wednesday, October, 23rd. The financial services provider reported $0.52 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.54 by $0.02. The financial services provider had revenue of $259.76 million for the quarter, compared to analyst estimates of $262.65 million. Sterling Bancorp had a net margin of 32.25% and a return on equity of 10.12%. The firm's quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 EPS. View Sterling Bancorp's Earnings History.

When is Sterling Bancorp's next earnings date?

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

What price target have analysts set for STL?

7 equities research analysts have issued 1-year price targets for Sterling Bancorp's shares. Their forecasts range from $24.50 to $28.00. On average, they anticipate Sterling Bancorp's stock price to reach $25.92 in the next twelve months. This suggests a possible upside of 26.9% from the stock's current price. View Analyst Price Targets for Sterling Bancorp.

What is the consensus analysts' recommendation 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.

What are Wall Street analysts saying about Sterling Bancorp stock?

Here are some recent quotes from research analysts about Sterling Bancorp stock:
  • 1. According to Zacks Investment Research, "Sterling Bancorp is the holding company for Sterling National Bank, a financial services firm. Sterling National Bank provides various banking and financial products and services primarily in New York, New Jersey, and Connecticut. It provides depository and cash management services and a broad portfolio of financing solutions-including working capital lines, accounts receivable and inventory financing, factoring, trade financing, payroll funding and processing, equipment financing, commercial and residential mortgages and mortgage warehouse lines of credit. Sterling Bancorp, formerly known as Provident New York Bancorp, is headquartered in New York. " (11/8/2019)
  • 2. Maxim Group analysts commented, "STL reported 4Q18 EPS of $0.51, beating consensus of $0.50. Excluding non- recurring items, EPS would have been $0.53 (by our calculations). In our view, it was a solid quarter. Core non-interest income (excluding non-recurring items) was up linked-quarter, and non-interest expenses were down, and both were at a run-rate consistent with revised 2019 guidance. Both the NIM and the core NIM (excluding accretion income on acquired loans) were stable (down only 1bp), as yields on interest earning assets increased, and the increase in deposit costs slowed (up 9bps versus up 13bps in 3Q18). However, average earning assets were down slightly, so net interest income was down 0.5%. The core efficiency ratio was a low 40%." (1/24/2019)

Has Sterling Bancorp been receiving favorable news coverage?

Media coverage about STL stock has trended somewhat positive recently, InfoTrie Sentiment reports. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Sterling Bancorp earned a news sentiment score of 2.0 on InfoTrie's scale. They also gave news articles 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 near future. View News Stories for Sterling Bancorp.

Are investors shorting Sterling Bancorp?

Sterling Bancorp saw a drop in short interest in October. As of October 31st, there was short interest totalling 9,470,000 shares, a drop of 13.6% from the September 30th total of 10,960,000 shares. Based on an average daily trading volume, of 1,410,000 shares, the short-interest ratio is currently 6.7 days. Currently, 4.8% of the shares of the company are short sold. View Sterling Bancorp's Current Options Chain.

Who are some of Sterling Bancorp's key competitors?

What other stocks do shareholders of Sterling Bancorp own?

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

Who are Sterling Bancorp's key executives?

Sterling Bancorp's management team includes the folowing people:
  • Mr. Jack L. Kopnisky, Pres, CEO & Director (Age 63)
  • Mr. Luis Massiani, Sr. EVP & CFO (Age 42)
  • Mr. Rodney C. Whitwell, Sr. EVP & Chief Admin. Officer (Age 61)
  • Mr. Michael E. Finn, Sr. EVP & Chief Risk Officer (Age 54)
  • Mr. Thomas X. Geisel, Sr. EVP & Corp. Banking Pres (Age 58)

Who are Sterling Bancorp's major shareholders?

Sterling Bancorp's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include State Street Corp (3.59%), Diamond Hill Capital Management Inc. (2.61%), Gamco Investors INC. ET AL (0.55%), Systematic Financial Management LP (0.47%), First Trust Advisors LP (0.45%) and Parametric Portfolio Associates LLC (0.39%). 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, Richard L O'toole, Robert Giambrone, Rodney Whitwell and Thomas X Geisel. View Institutional Ownership Trends for Sterling Bancorp.

Which major investors are selling Sterling Bancorp stock?

STL stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Millennium Management LLC, Hennessy Advisors Inc., State of Tennessee Treasury Department, SG Americas Securities LLC, Kahn Brothers Group Inc. DE, Stifel Financial Corp and Systematic Financial Management LP. 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.

Which major investors are buying Sterling Bancorp stock?

STL stock was purchased by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc., First Trust Advisors LP, State of New Jersey Common Pension Fund D, California Public Employees Retirement System, Man Group plc, Barclays PLC, Circle Wealth Management LLC and Squarepoint Ops LLC. Company insiders that have bought Sterling Bancorp stock in the last two years include Richard L O'toole and Robert Giambrone. View Insider Buying and Selling for Sterling Bancorp.

How do I buy shares of 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.

What is Sterling Bancorp's stock price today?

One share of STL stock can currently be purchased for approximately $20.43.

How big of a company is Sterling Bancorp?

Sterling Bancorp has a market capitalization of $4.13 billion and generates $1.31 billion in revenue each year. The financial services provider earns $447.25 million in net income (profit) each year or $2.00 on an earnings per share basis. Sterling Bancorp employs 1,907 workers across the globe.View Additional Information About Sterling Bancorp.

What is Sterling Bancorp's official website?

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

How can I contact Sterling Bancorp?

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]


MarketBeat Community Rating for Sterling Bancorp (NYSE STL)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  349 (Vote Outperform)
Underperform Votes:  358 (Vote Underperform)
Total Votes:  707
MarketBeat's community ratings are surveys of what our community members think about Sterling Bancorp and other stocks. Vote "Outperform" if you believe STL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe STL will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/6/2019 by MarketBeat.com Staff

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