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NYSE:STLSterling Bancorp Stock Price, Forecast & News

$12.90
+0.34 (+2.71 %)
(As of 08/12/2020 04:00 PM ET)
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Today's Range
$12.80
Now: $12.90
$13.35
50-Day Range
$9.74
MA: $11.20
$12.90
52-Week Range
$7.01
Now: $12.90
$21.63
Volume3.41 million shs
Average Volume2.32 million shs
Market Capitalization$2.51 billion
P/E Ratio9.08
Dividend Yield2.17%
Beta1.64
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. It originates various loans that comprise residential and commercial mortgage loans; commercial and industrial, asset-based, payroll finance, warehouse, factored receivables, equipment finance, public sector, and commercial real estate and multi-family loans; consumer loans, such as homeowner loans, home equity lines of credit, new and used automobile loans, and personal unsecured loans; and acquisition, development, and construction loans. In addition, the company engages in the third-party provider to sell mutual funds and annuities; and provision of annuity and wealth management products. As of December 31, 2018, it operated 106 full-service retail and commercial financial centers, which comprise 24 offices are located in Nassau County, 22 in Suffolk County, 14 in Queens County, 12 in Westchester County, 11 in Kings County, 8 in Rockland County, 6 in Orange County, 3 in New York City, and 2 in Bronx County, as well as 1 office each in Sullivan, Ulster, and Putnam Counties in New York; and 1 office in Bergen County, New Jersey. The company was founded in 1888 and is based in Montebello, New York.
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Sterling Bancorp logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.5Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.63 out of 5 stars


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$1.33 billion
Cash Flow$2.24 per share
Book Value$21.74 per share

Profitability

Net Income$427.04 million

Miscellaneous

Employees1,639
Market Cap$2.51 billion
Next Earnings Date10/28/2020 (Estimated)
OptionableOptionable
$12.90
+0.34 (+2.71 %)
(As of 08/12/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Sterling Bancorp (NYSE:STL) Frequently Asked Questions

How has Sterling Bancorp's stock price been impacted by COVID-19?

Sterling Bancorp's stock was trading at $12.93 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, STL shares have decreased by 0.2% and is now trading at $12.90.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Sterling Bancorp?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sterling Bancorp in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Sterling Bancorp
.

When is Sterling Bancorp's next earnings date?

Sterling Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
View our earnings forecast for Sterling Bancorp
.

How were Sterling Bancorp's earnings last quarter?

Sterling Bancorp (NYSE:STL) announced its quarterly earnings data on Wednesday, July, 22nd. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.31 by $0.02. The financial services provider had revenue of $239.39 million for the quarter, compared to analysts' expectations of $242.51 million. Sterling Bancorp had a net margin of 22.93% and a return on equity of 6.30%.
View Sterling Bancorp's earnings history
.

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

Sterling Bancorp declared a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Monday, August 3rd will be paid a dividend of $0.07 per share on Monday, August 17th. This represents a $0.28 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Friday, July 31st.
View Sterling Bancorp's dividend history
.

What price target have analysts set for STL?

6 brokerages have issued 12-month target prices for Sterling Bancorp's stock. Their forecasts range from $14.00 to $25.50. On average, they expect Sterling Bancorp's share price to reach $18.10 in the next year. This suggests a possible upside of 40.3% from the stock's current price.
View analysts' price targets for Sterling Bancorp
.

Has Sterling Bancorp been receiving favorable news coverage?

News articles about STL stock have trended extremely negative on Thursday, InfoTrie Sentiment reports. InfoTrie scores the sentiment of news coverage by reviewing 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 media sentiment score of -4.1 on InfoTrie's scale. They also assigned press coverage about the financial services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the near term.
View the latest news about Sterling Bancorp
.

Are investors shorting Sterling Bancorp?

Sterling Bancorp saw a decrease in short interest in February. As of February 15th, there was short interest totaling 7,940,000 shares, a decrease of 16.9% from the January 31st total of 9,550,000 shares. Based on an average daily volume of 1,230,000 shares, the days-to-cover ratio is currently 6.5 days. Currently, 4.1% of the company's stock are sold short.
View Sterling Bancorp's Short Interest
.

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 JPMorgan Chase & Co. (JPM), General Electric (GE), Bank of America (BAC), BGC Partners (BGCP), Heico (HEI), NVIDIA (NVDA), QUALCOMM (QCOM), Wells Fargo & Co (WFC), Alibaba Group (BABA) and Alphabet (GOOG).

Who are Sterling Bancorp's key executives?

Sterling Bancorp's management team includes the following 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)

What is Sterling Bancorp's stock symbol?

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

Who are Sterling Bancorp's major shareholders?

Sterling Bancorp's stock is owned by many different institutional and retail investors. Top institutional shareholders include Diamond Hill Capital Management Inc. (3.61%), Bank of New York Mellon Corp (1.23%), Principal Financial Group Inc. (1.12%), Victory Capital Management Inc. (1.05%), Goldman Sachs Group Inc. (0.55%) and Bank of Montreal Can (0.48%). 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
.

Which major investors are selling Sterling Bancorp stock?

STL stock was sold by a variety of institutional investors in the last quarter, including Ensign Peak Advisors Inc, Goldman Sachs Group Inc., Victory Capital Management Inc., Diamond Hill Capital Management Inc., Prudential PLC, New York State Common Retirement Fund, Russell Investments Group Ltd., and Macquarie Group Ltd.. 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
.

Which major investors are buying Sterling Bancorp stock?

STL stock was acquired by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., First Trust Advisors LP, Prudential Financial Inc., Rafferty Asset Management LLC, Bank of Nova Scotia, UBS Group AG, Comerica Bank, and Shulman DeMeo Asset Management LLC. 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
.

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 $12.90.

How big of a company is Sterling Bancorp?

Sterling Bancorp has a market capitalization of $2.51 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.

What is Sterling Bancorp's official website?

The official website for Sterling Bancorp is 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]

This page was last updated on 8/13/2020 by MarketBeat.com Staff

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