NYSE:STL

Sterling Bancorp Stock Forecast, Price & News

Top Beat the Market™ Stocks

$16.92

-0.19 (-1.11 %)

(As of 11/25/2020 12:00 AM ET)

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Today's Range

$16.54

Now: $16.92▼

$16.97

50-Day Range

$11.65

MA: $13.78▼

$17.11

52-Week Range

$7.01

Now: $16.92▼

$21.63

Volume2.91 million shs

Average Volume2.55 million shs

Market Capitalization$3.29 billion

P/E Ratio11.92

Dividend Yield1.64%

Beta1.69

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 also originates various loans that comprise residential and commercial mortgage loans; commercial and industrial, asset-based, payroll finance, warehouse, factored receivables, equipment finance, public sector finance, and commercial real estate and multi-family loans; consumer loans, such as homeowner loans, home equity lines of credit, new and used automobile loans, mortgage 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, 2019, it operated 82 full-service retail and commercial financial centers, which comprise 21 offices are located in Nassau County, 16 in Suffolk County, 11 in Queens County, seven in Westchester County, nine in Kings County, seven in Rockland County, five in Orange County, New York City, and two in Bronx County, as well as one office each in Sullivan and Ulster Counties in New York; and one office in Bergen County, New Jersey. Sterling Bancorp was founded in 1888 and is headquartered in Montebello, New York.

Beat the Market (BTM) Rank^™

2.4 Analyst's Opinion

Consensus Rating
Sterling Bancorp has received a consensus rating of Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $18.70, Sterling Bancorp has a forecasted upside of 10.5% from its current price of $16.92.
Amount of Analyst Coverage
Sterling Bancorp has only been the subject of 2 research reports in the past 90 days.

2.5 Community Rank

Outperform Votes
Sterling Bancorp has received 374 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Sterling Bancorp has received 384 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Sterling Bancorp has received 50.66% “underperform” votes from our community.

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.

2.5 Dividend Strength

Dividend Yield
Sterling Bancorp pays a meaningful dividend of 1.64%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Sterling Bancorp has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Sterling Bancorp is 13.53%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Sterling Bancorp will have a dividend payout ratio of 17.18% next year. This indicates that Sterling Bancorp will be able to sustain or increase its dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Sterling Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $64,520.00 in company stock.
Percentage Held by Insiders
Only 0.96% of the stock of Sterling Bancorp is held by insiders.
Percentage Held by Institutions
82.93% of the stock of Sterling Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8 Earnings and Valuation

Earnings Growth
Earnings for Sterling Bancorp are expected to grow by 52.34% in the coming year, from $1.07 to $1.63 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sterling Bancorp is 11.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 21.64.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sterling Bancorp is 11.92, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 21.22.
Price to Book Value per Share Ratio
Sterling Bancorp has a P/B Ratio of 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.57 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry National commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNYSE:STL

Previous SymbolNYSE:PBNY

CUSIP85915810

CIK1070154

Webwww.sterlingbancorp.com

Phone845-369-8040

Employees1,466

Debt

Debt-to-Equity Ratio0.35

Current Ratio0.95

Quick Ratio0.95

Price-To-Earnings

Trailing P/E Ratio11.92

Forward P/E Ratio15.81

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.33 billion

Price / Sales2.47

Cash Flow$2.98 per share

Price / Cash Flow5.68

Book Value$21.74 per share

Price / Book0.78

Profitability

EPS (Most Recent Fiscal Year)$2.07

Net Income$427.04 million

Net Margins22.93%

Return on Equity6.30%

Return on Assets0.90%

Miscellaneous

Outstanding Shares194,361,000

Market Cap$3.29 billion

Next Earnings Date1/27/2021 (Estimated)

OptionableOptionable

$16.92

-0.19 (-1.11 %)

(As of 11/25/2020 12:00 AM 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 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. Since then, STL shares have increased by 30.9% and is now trading at $16.92.
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.

What stocks does MarketBeat like better than Sterling Bancorp?

Wall Street analysts have given Sterling Bancorp a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Sterling Bancorp wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Sterling Bancorp's next earnings date?

Sterling Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, January 27th 2021.
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, October, 21st. The financial services provider reported $0.45 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.38 by $0.07. 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 announced a quarterly dividend on Friday, October 23rd. Stockholders of record on Monday, November 2nd will be given a dividend of $0.07 per share on Monday, November 16th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Friday, October 30th.
View Sterling Bancorp's dividend history.

What price target have analysts set for STL?

6 equities research analysts have issued twelve-month target prices for Sterling Bancorp's shares. Their forecasts range from $14.00 to $25.50. On average, they expect Sterling Bancorp's share price to reach $18.70 in the next year. This suggests a possible upside of 10.5% from the stock's current price.
View analysts' price targets for Sterling Bancorp.

Are investors shorting Sterling Bancorp?

Sterling Bancorp saw a increase in short interest during the month of October. As of October 15th, there was short interest totaling 7,590,000 shares, an increase of 10.8% from the September 30th total of 6,850,000 shares. Based on an average trading volume of 2,680,000 shares, the short-interest ratio is presently 2.8 days. Currently, 3.8% of the shares of the company are short sold.
View Sterling Bancorp's Short Interest.

Who are some of Sterling Bancorp's key competitors?

Some companies that are related to Sterling Bancorp include Truist Financial (TFC), The PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), SVB Financial Group (SIVB), KeyCorp (KEY), M&T Bank (MTB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), First Horizon National (FHN), Zions Bancorporation, National Association (ZION), East West Bancorp (EWBC), Signature Bank (SBNY) and Prosperity Bancshares (PB).
View all 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), Bank of America (BAC), General Electric (GE), NVIDIA (NVDA), QUALCOMM (QCOM), Wells Fargo & Company (WFC), BGC Partners (BGCP), Cisco Systems (CSCO), HEICO (HEI) and Advanced Micro Devices (AMD).

Who are Sterling Bancorp's key executives?

Sterling Bancorp's management team includes the following people:

Mr. Jack L. Kopnisky, Pres, CEO & Director (Age 64, Pay $2.04M)
Mr. Luis Massiani, Sr. EVP & CFO (Age 43, Pay $1.19M)
Mr. Rodney C. Whitwell, Sr. EVP & Chief Admin. Officer (Age 62, Pay $807.46k)
Mr. Thomas X. Geisel, Sr. EVP & Corp. Banking Pres (Age 59, Pay $905.09k)
Mr. Michael E. Finn, Sr. EVP & Chief Risk Officer (Age 55, Pay $874.11k)
Emlen Harmon, Sr. VP & Director of Investor Relations
Mr. James P. Blose, Exec. VP, Chief Legal Officer & Gen. Counsel (Age 52)
Mr. Javier L. Evans, Exec. VP & Chief Human Resource Officer (Age 58)
Mr. Richard O. Jones, Exec. VP & Market Pres (Age 71)
Mr. James R. Peoples, Sr. Advisor (Age 71)

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (8.14%), Diamond Hill Capital Management Inc. (4.32%), State Street Corp (3.91%), Earnest Partners LLC (1.10%), Principal Financial Group Inc. (1.09%) and Victory Capital Management Inc. (1.00%). 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.

Which major investors are selling Sterling Bancorp stock?

STL stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Charles Schwab Investment Management Inc., Maltese Capital Management LLC, Cubist Systematic Strategies LLC, Wells Fargo & Company MN, State Street Corp, PL Capital Advisors LLC, and Victory Capital Management Inc.. Company insiders that have sold Sterling Bancorp company stock in the last year include Brian T Edwards, James P Blose, 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 purchased by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc., Azora Capital LP, Morgan Stanley, Arrowstreet Capital Limited Partnership, Earnest Partners LLC, Interval Partners LP, AQR Capital Management LLC, and Voloridge Investment 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 $16.92.

How big of a company is Sterling Bancorp?

Sterling Bancorp has a market capitalization of $3.29 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 1,466 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 11/26/2020 by MarketBeat.com Staff

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