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.
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Industry, Sector and Symbol
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Phone845-369-8040
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.31 billion
Profitability
Miscellaneous
Employees1,907
Next Earnings Date10/23/2019 (Confirmed)
OptionableOptionable
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 declared 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 1.39%. 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) issued its quarterly earnings results on Wednesday, January, 23rd. The financial services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.02. The financial services provider had revenue of $265.35 million for the quarter, compared to the consensus estimate of $266.32 million. Sterling Bancorp had a net margin of 32.55% and a return on equity of 10.37%. The company's revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.25 EPS. View Sterling Bancorp's Earnings History.
When is Sterling Bancorp's next earnings date?
What price target have analysts set for STL?
8 Wall Street analysts have issued 1-year target prices for Sterling Bancorp's stock. Their forecasts range from $21.00 to $30.00. On average, they anticipate Sterling Bancorp's stock price to reach $25.14 in the next twelve months. This suggests a possible upside of 24.8% 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. " (10/16/2019)
- 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?
News coverage about STL stock has been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Sterling Bancorp earned a news impact score of 0.6 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the next few days. View News Stories for Sterling Bancorp.
Are investors shorting Sterling Bancorp?
Sterling Bancorp saw a drop in short interest in September. As of September 30th, there was short interest totalling 8,430,000 shares, a drop of 25.5% from the August 30th total of 11,310,000 shares. Based on an average daily volume of 1,480,000 shares, the short-interest ratio is presently 5.7 days. Currently, 4.2% of the shares of the stock are short sold. View Sterling Bancorp's Current Options Chain.
Who are some of Sterling Bancorp's key competitors?
Some companies that are related to Sterling Bancorp include PNC Financial Services Group (PNC), BB&T (BBT), SunTrust Banks (STI), M&T Bank (MTB), Fifth Third Bancorp (FITB), KeyCorp (KEY), First Republic Bank (FRC), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Zions Bancorporation NA (ZION), Commerce Bancshares (CBSH), Signature Bank (SBNY), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR).
What other stocks do shareholders of Sterling Bancorp own?
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 Skyline Asset Management LP (0.26%), Smith Graham & Co. Investment Advisors LP (0.18%), Hudson Valley Investment Advisors Inc. ADV (0.17%), Hennessy Advisors Inc. (0.05%), Envestnet Asset Management Inc. (0.04%) and Pacer Advisors Inc. (0.04%). 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 Hennessy Advisors Inc., Pacer Advisors Inc., Hudson Valley Investment Advisors Inc. ADV and State of Michigan Retirement System. 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 bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Envestnet Asset Management Inc., Strs Ohio, Smith Graham & Co. Investment Advisors LP, Brinker Capital Inc., Zurcher Kantonalbank Zurich Cantonalbank , Skyline Asset Management LP and SeaCrest Wealth Management 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 $20.14.
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?
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)
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.
