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

$19.24
+0.54 (+2.89 %)
(As of 08/19/2019 06:00 AM ET)
Today's Range
$18.67
Now: $19.24
$19.26
50-Day Range
$18.86
MA: $20.84
$22.00
52-Week Range
$15.62
Now: $19.24
$23.40
Volume1.45 million shs
Average Volume1.80 million shs
Market Capitalization$3.95 billion
P/E Ratio9.62
Dividend Yield1.50%
Beta1.34
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$1.9633 per share
Book Value$21.06 per share

Profitability

Net Income$447.25 million

Miscellaneous

Employees1,907
Market Cap$3.95 billion
Next Earnings Date10/22/2019 (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, July 24th. Stockholders of record on Monday, August 5th will be paid a dividend of $0.07 per share on Monday, August 19th. This represents a $0.28 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, August 2nd. 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, July, 24th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.52 by $0.01. The financial services provider earned $263.26 million during the quarter, compared to analyst estimates of $262.02 million. Sterling Bancorp had a return on equity of 10.37% and a net margin of 32.55%. The business's revenue for the quarter was down 4.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.50 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 Tuesday, October 22nd 2019. View Earnings Estimates for Sterling Bancorp.

What price target have analysts set for STL?

8 brokers have issued 12 month price targets for Sterling Bancorp's stock. Their predictions range from $21.00 to $30.00. On average, they anticipate Sterling Bancorp's stock price to reach $25.1429 in the next year. This suggests a possible upside of 30.7% from the stock's current price. View Analyst Price Targets for Sterling Bancorp.

What is the consensus analysts' recommendation for Sterling Bancorp?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sterling Bancorp in the last year. There are currently 8 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. " (4/5/2019)
  • 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 been trending negative this week, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Sterling Bancorp earned a news sentiment score of -2.3 on InfoTrie's scale. They also gave news coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Sterling Bancorp.

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 WebMD Health (WBMD), JPMorgan Chase & Co. (JPM), BGC Partners (BGCP), Heico (HEI), NVIDIA (NVDA), QUALCOMM (QCOM), Alibaba Group (BABA), Alphabet (GOOG), Bank of America (BAC) and Netflix (NFLX).

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 number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.47%), BlackRock Inc. (9.16%), Diamond Hill Capital Management Inc. (2.04%), Victory Capital Management Inc. (1.82%), Invesco Ltd. (1.80%) and Royal Bank of Canada (1.51%). 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, Michael E Finn, Monte N Redman, Richard L O'toole, Robert Giambrone, Rodney Whitwell, Thomas G Kahn and Thomas X Geisel. View Institutional Ownership Trends for Sterling Bancorp.

Which institutional investors are selling Sterling Bancorp stock?

STL stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Bank of America Corp DE, Janus Henderson Group PLC, Janus Henderson Group PLC, EJF Capital LLC, Maltese Capital Management LLC, Vanguard Group Inc. and BlackRock Inc.. 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 institutional investors are buying Sterling Bancorp stock?

STL stock was acquired by a variety of institutional investors in the last quarter, including Invesco Ltd., Diamond Hill Capital Management Inc., Los Angeles Capital Management & Equity Research Inc., Earnest Partners LLC, First Trust Advisors LP, Balyasny Asset Management LLC, KBC Group NV and Mackenzie Financial Corp. 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, Scottrade, Fidelity and Charles Schwab.

What is Sterling Bancorp's stock price today?

One share of STL stock can currently be purchased for approximately $19.24.

How big of a company is Sterling Bancorp?

Sterling Bancorp has a market capitalization of $3.95 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:  330 (Vote Outperform)
Underperform Votes:  339 (Vote Underperform)
Total Votes:  669
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 8/19/2019 by MarketBeat.com Staff

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