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

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$18.64 +0.10 (+0.54 %)

(As of 11/16/2018 04:00 PM ET)

Previous Close$18.54

Today's Range$18.36 - $18.76

52-Week Range$16.85 - $25.65

Volume2.58 million shs

Average Volume2.04 million shs

Market Capitalization$4.17 billion

P/E Ratio13.31

Dividend Yield1.55%

Beta1.12

Sterling Bancorp operates as the bank holding company for Sterling National Bank that provides various banking services to commercial, consumer, and municipal clients in the United States. The company accepts deposit products, including checking, money market, savings, 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, 2017, it operated 128 full-service retail and commercial financial centers, which comprise 29 offices located in Nassau County, New York, 27 in Suffolk County, 19 in Queens County, 14 in Westchester County, 13 in Kings County, 9 in Rockland County, 6 in Orange County, 5 in New York City, and 2 in Bronx County, as well as 1 office each of 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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Industry, Sector and Symbol

Stock Exchange NYSE

Industry National commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNYSE:STL

Previous SymbolNYSE:PBNY

CUSIP85915810

Webwww.sterlingbancorp.com

Phone845-369-8040

Debt

Debt-to-Equity Ratio1.14

Current Ratio0.98

Quick Ratio0.98

Price-To-Earnings

Trailing P/E Ratio13.31

Forward P/E Ratio9.46

P/E GrowthN/A

Sales & Book Value

Annual Sales$746.65 million

Price / Sales5.60

Cash Flow$1.0049 per share

Price / Cash18.55

Book Value$19.16 per share

Price / Book0.97

Profitability

EPS (Most Recent Fiscal Year)$1.40

Net Income$93.03 million

Net Margins23.31%

Return on Equity9.96%

Return on Assets1.35%

Miscellaneous

Employees2,076

Outstanding Shares224,430,000

Market Cap$4.17 billion

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 Tuesday, October 23rd. Investors of record on Monday, November 5th will be paid a dividend of $0.07 per share on Monday, November 19th. This represents a $0.28 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Friday, November 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 Tuesday, October, 23rd. The financial services provider reported $0.51 EPS for the quarter, hitting the Thomson Reuters' consensus estimate of $0.51. The financial services provider earned $272.20 million during the quarter, compared to the consensus estimate of $278.79 million. Sterling Bancorp had a return on equity of 9.96% and a net margin of 23.31%. Sterling Bancorp's revenue was up 96.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 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, January 22nd 2019. View Earnings Estimates for Sterling Bancorp.

What price target have analysts set for STL?

6 equities research analysts have issued twelve-month price objectives for Sterling Bancorp's stock. Their predictions range from $22.00 to $36.00. On average, they anticipate Sterling Bancorp's share price to reach $29.1417 in the next year. This suggests a possible upside of 56.3% from the stock's current price. View Analyst Price Targets for Sterling Bancorp.

What is the consensus analysts' recommendation for Sterling Bancorp?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sterling Bancorp in the last year. There are currently 2 hold ratings and 4 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. " (10/30/2018)
2. Maxim Group analysts commented, "STL reported 3Q18 EPS of $0.52, matching consensus. However, loans were slightly down linked-quarter (due to competition) and the core NIM was down 5bps (though within the company’s guidance range). In reaction to these disclosures (and apparently to the strategies discussed below), STL shares sold off 10%. We regard this as a major over-reaction from an already oversold position." (10/25/2018)

Has Sterling Bancorp been receiving favorable news coverage?

News coverage about STL stock has trended somewhat negative recently, according to InfoTrie. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Sterling Bancorp earned a news sentiment score of -1.7 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 impact on the stock's share price in the next several days.

Who are some of Sterling Bancorp's key competitors?

Some companies that are related to Sterling Bancorp include Huntington Bancshares (HBAN), Comerica (CMA), Zions Bancorp (ZION), Cullen/Frost Bankers (CFR), Webster Financial (WBS), BOK Financial (BOKF), First Horizon National (FHN), Akbank T.A.S. (AKBTY), PacWest Bancorp (PACW), CIT Group (CIT), Synovus Financial (SNV), Pinnacle Financial Partners (PNFP), F.N.B. (FNB), MB Financial (MBFI) and TCF Financial (TCF).

Who are Sterling Bancorp's key executives?

Sterling Bancorp's management team includes the folowing people:

Mr. Jack L. Kopnisky, Pres, CEO & Director (Age 62)
Mr. Luis Massiani, Sr. Exec. VP & CFO (Age 41)
Mr. Rodney C. Whitwell, Sr. Exec. VP & Chief Admin. Officer (Age 60)
Mr. James P. Blose, Exec. VP, Chief Legal Officer & Gen. Counsel (Age 50)
Mr. Michael E. Finn, Sr. Exec. VP & Chief Risk Officer (Age 53)

Who are Sterling Bancorp's major shareholders?

Sterling Bancorp's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.77%), Dimensional Fund Advisors LP (4.18%), Alliancebernstein L.P. (3.39%), Victory Capital Management Inc. (1.98%), Wells Fargo & Company MN (1.48%) and EJF Capital LLC (1.33%). Company insiders that own Sterling Bancorp stock include Burt Steinberg, Craig S Thompson, Jack L Kopnisky, James F Deutsch, James P Blose, James R Peoples, John C Millman, Michael E Finn, Monte N Redman, Richard L O'toole, Robert Giambrone, Robert W Lazar, 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 Dimensional Fund Advisors LP, First Trust Advisors LP, Jane Street Group LLC, Victory Capital Management Inc., Kahn Brothers Group Inc. DE, Thrivent Financial for Lutherans, JPMorgan Chase & Co. and JPMorgan Chase & Co.. Company insiders that have sold Sterling Bancorp company stock in the last year include Burt Steinberg, James F Deutsch, James P Blose, Monte N Redman 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 Janus Henderson Group PLC, Alliancebernstein L.P., Philadelphia Financial Management of San Francisco LLC, EJF Capital LLC, Eaton Vance Management, Citadel Advisors LLC, Wells Fargo & Company MN and FSI Group LLC. Company insiders that have bought Sterling Bancorp stock in the last two years include Burt Steinberg, Richard L O'toole, Robert Giambrone and Robert W Lazar. 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 $18.64.

How big of a company is Sterling Bancorp?

Sterling Bancorp has a market capitalization of $4.17 billion and generates $746.65 million in revenue each year. The financial services provider earns $93.03 million in net income (profit) each year or $1.40 on an earnings per share basis. Sterling Bancorp employs 2,076 workers across the globe.

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:		2.4 out of 5 ( )
Outperform Votes:		290 (Vote Outperform)
Underperform Votes:		308 (Vote Underperform)
Total Votes:		598

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 11/16/2018 by MarketBeat.com Staff

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