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NYSE:STLSterling Bancorp Stock Price, Forecast & News

$12.24
-0.34 (-2.70 %)
(As of 06/2/2020 04:00 PM ET)
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Compare
Today's Range
$12.15
Now: $12.24
$12.91
50-Day Range
$9.37
MA: $11.11
$13.51
52-Week Range
$7.01
Now: $12.24
$22.17
Volume2.04 million shs
Average Volume2.16 million shs
Market Capitalization$2.38 billion
P/E Ratio7.51
Dividend Yield2.23%
Beta1.66
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: 3.3Insider Behavior: 3.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.20 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$2.11 per share
Book Value$21.74 per share

Profitability

Net Income$427.04 million

Miscellaneous

Employees1,639
Market Cap$2.38 billion
Next Earnings Date7/22/2020 (Estimated)
OptionableOptionable

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Sterling Bancorp (NYSE:STL) Frequently Asked Questions

How has Sterling Bancorp's stock been impacted by COVID-19 (Coronavirus)?

Sterling Bancorp's stock was trading at $12.93 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, STL stock has decreased by 5.3% and is now trading at $12.24. View which stocks have been most impacted by Coronavirus.

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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sterling Bancorp in the last year. There are currently 1 hold rating and 6 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, July 22nd 2020. View our earnings forecast for Sterling Bancorp.

How were Sterling Bancorp's earnings last quarter?

Sterling Bancorp (NYSE:STL) released its quarterly earnings data on Monday, April, 27th. The financial services provider reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.17 by $0.19. The financial services provider had revenue of $250.65 million for the quarter, compared to the consensus estimate of $248.89 million. Sterling Bancorp had a net margin of 25.50% and a return on equity of 7.47%. Sterling Bancorp's revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the business earned $0.50 earnings per share. 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 Tuesday, April 28th. Shareholders of record on Friday, May 8th will be given a dividend of $0.07 per share on Friday, May 22nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Thursday, May 7th. View Sterling Bancorp's dividend history.

What price target have analysts set for STL?

7 equities research analysts have issued 1 year price targets for Sterling Bancorp's shares. Their forecasts range from $9.00 to $26.00. On average, they expect Sterling Bancorp's stock price to reach $19.50 in the next year. This suggests a possible upside of 59.3% from the stock's current price. View analysts' price targets for Sterling Bancorp.

Has Sterling Bancorp been receiving favorable news coverage?

Press coverage about STL stock has been trending very negative recently, InfoTrie Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Sterling Bancorp earned a daily sentiment score of -3.5 on InfoTrie's scale. They also assigned media headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutSterling Bancorp.

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 General Electric (GE), JPMorgan Chase & Co. (JPM), Bank of America (BAC), BGC Partners (BGCP), Heico (HEI), NVIDIA (NVDA), QUALCOMM (QCOM), Alibaba Group (BABA), Enterprise Products Partners (EPD) and Energy Transfer LP Unit (ET).

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 a number of institutional and retail investors. Top institutional investors include Wellington Management Group LLP (10.08%), BlackRock Inc. (9.15%), Diamond Hill Capital Management Inc. (3.68%), State Street Corp (3.43%), Alliancebernstein L.P. (2.64%) and Invesco Ltd. (1.67%). Company insiders that own Sterling Bancorp stock include Brian T Edwards, Fernando Ferrer, Jack L Kopnisky, James F Deutsch, 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 institutional investors are selling Sterling Bancorp stock?

STL stock was sold by a variety of institutional investors in the last quarter, including Clearbridge Investments LLC, Eaton Vance Management, Alliancebernstein L.P., Invesco Ltd., BlackRock Inc., Los Angeles Capital Management & Equity Research Inc., First Trust Advisors LP, and Advisory Research Inc.. Company insiders that have sold Sterling Bancorp company stock in the last year include Brian T Edwards, Javier L Evan, Rodney Whitwell, and Thomas X Geisel. View insider buying and selling activity 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 Wellington Management Group LLP, Diamond Hill Capital Management Inc., Principal Financial Group Inc., Castine Capital Management LLC, Victory Capital Management Inc., Victory Capital Management Inc., Nuveen Asset Management LLC, and Mesirow Financial Investment Management Equity Management. 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 $12.24.

How big of a company is Sterling Bancorp?

Sterling Bancorp has a market capitalization of $2.38 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 6/2/2020 by MarketBeat.com Staff

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