Sterling Bancorp Stock Forecast, Price & News

Sterling Bancorp's stock was trading at $12.93 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, STL shares have decreased by 13.3% and is now trading at $11.21.
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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."
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Sterling Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
View our earnings forecast for Sterling Bancorp.

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

Sterling Bancorp announced a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Monday, August 3rd will be given a dividend of $0.07 per share on Monday, August 17th. This represents a $0.28 annualized dividend and a yield of 2.50%. The ex-dividend date is Friday, July 31st.
View Sterling Bancorp's dividend history.

6 analysts have issued twelve-month price objectives for Sterling Bancorp's shares. Their forecasts range from $14.00 to $25.50. On average, they expect Sterling Bancorp's stock price to reach $18.10 in the next year. This suggests a possible upside of 61.5% from the stock's current price.
View analysts' price targets for Sterling Bancorp.

Sterling Bancorp saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 8,400,000 shares, a decrease of 15.3% from the June 15th total of 9,920,000 shares. Based on an average trading volume of 2,550,000 shares, the short-interest ratio is currently 3.3 days. Approximately 4.4% of the company's shares are sold short.
View Sterling Bancorp's Short Interest.

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), SVB Financial Group (SIVB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), East West Bancorp (EWBC), Signature Bank (SBNY), Prosperity Bancshares (PB) and Cullen/Frost Bankers (CFR).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Sterling Bancorp investors own include JPMorgan Chase & Co. (JPM), Bank of America (BAC), General Electric (GE), NVIDIA (NVDA), Wells Fargo & Company (WFC), BGC Partners (BGCP), Heico (HEI), QUALCOMM (QCOM), Alibaba Group (BABA) and Cisco Systems (CSCO).

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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.27%), Diamond Hill Capital Management Inc. (3.61%), FMR LLC (1.68%), Bank of New York Mellon Corp (1.23%), Principal Financial Group Inc. (1.12%) and Principal Financial Group Inc. (1.12%). 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 Vanguard Group Inc., Advisory Research Inc., Castine Capital Management LLC, Ensign Peak Advisors Inc, Gillson Capital LP, Goldman Sachs Group Inc., Victory Capital Management Inc., and Bank of America Corp DE. 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 purchased by a variety of institutional investors in the last quarter, including FMR LLC, Principal Financial Group Inc., Principal Financial Group Inc., Nordea Investment Management AB, MUFG Securities EMEA plc, Cubist Systematic Strategies LLC, Federated Hermes Inc., and First Trust Advisors LP. 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 $11.21.

Sterling Bancorp has a market capitalization of $2.18 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]