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 shares have 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 quarterly 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 the consensus estimate of $248.89 million. Sterling Bancorp had a net margin of 25.50% and a return on equity of 7.47%. The firm's quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.50 EPS. View Sterling Bancorp's earnings history.

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

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

News articles about STL stock have been trending somewhat negative on Saturday, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand news and blog 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 news sentiment score of -1.8 on InfoTrie's scale. They also assigned news headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news about Sterling Bancorp.

Sterling Bancorp saw a increase in short interest in 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 trading volume, of 2,660,000 shares, the days-to-cover ratio is currently 3.7 days. Approximately 5.2% of the shares of the stock are short sold. 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), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), 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 number of retail and institutional 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 acquired 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]