About Sterling Bancorp (NYSE:STL)
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.
Industry, Sector and Symbol
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNYSE:STL
CUSIP85915810
Phone845-369-8040
Debt
Debt-to-Equity Ratio1.23
Current Ratio0.99
Quick Ratio0.99
Price-To-Earnings
Trailing P/E Ratio17.32
Forward P/E Ratio12.31
P/E GrowthN/A
Sales & Book Value
Annual Sales$746.65 million
Price / Sales7.32
Cash Flow$0.9906 per share
Price / Cash24.48
Book Value$18.24 per share
Price / Book1.33
Profitability
EPS (Most Recent Fiscal Year)$1.40
Net Income$93.03 million
Net Margins16.84%
Return on Equity9.24%
Return on Assets1.21%
Miscellaneous
Employees2,076
Outstanding Shares225,470,000
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 announced a quarterly dividend on Tuesday, April 24th. Stockholders of record on Monday, May 7th will be given a dividend of $0.07 per share on Monday, May 21st. This represents a $0.28 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Friday, May 4th. View Sterling Bancorp's Dividend History.
How were Sterling Bancorp's earnings last quarter?
Sterling Bancorp (NYSE:STL) announced its quarterly earnings data on Tuesday, April, 24th. The financial services provider reported $0.45 EPS for the quarter, meeting the Zacks' consensus estimate of $0.45. The financial services provider earned $262.57 million during the quarter, compared to analysts' expectations of $259.67 million. Sterling Bancorp had a return on equity of 9.24% and a net margin of 16.84%. Sterling Bancorp's revenue for the quarter was up 108.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 EPS. View Sterling Bancorp's Earnings History.
When is Sterling Bancorp's next earnings date?
What price target have analysts set for STL?
6 Wall Street analysts have issued twelve-month price objectives for Sterling Bancorp's stock. Their predictions range from $25.85 to $36.00. On average, they anticipate Sterling Bancorp's stock price to reach $30.3083 in the next year. 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. " (4/28/2018)
- 2. Maxim Group analysts commented, "4Q17 core EPS (excluding losses on securities sales) of $0.45 matched consensus, and management indicated that its integration of Astoria Financial into STL is on-track (actually ahead of plan)." (4/25/2018)
Who are some of Sterling Bancorp's key competitors?
Some companies that are related to Sterling Bancorp include KeyCorp (KEY), Regions Financial (RF), Shinhan Financial Group (SHG), BANCO DO BRASIL/S (BDORY), Huntington Bancshares (HBAN), Comerica (CMA), Zions Bancorp (ZION), Cullen/Frost Bankers (CFR), PacWest Bancorp (PACW), BOK Financial (BOKF), Synovus Financial (SNV), CIT Group (CIT), Akbank T.A.S. (AKBTY), First Horizon National (FHN) and Webster Bank (WBS).
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)
Has Sterling Bancorp been receiving favorable news coverage?
Press coverage about STL stock has been trending somewhat positive on Monday, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sterling Bancorp earned a coverage optimism score of 0.03 on Accern's scale. They also assigned news stories about the financial services provider an impact score of 46.10 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near future.
Who are Sterling Bancorp's major shareholders?
Sterling Bancorp's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.60%), Dimensional Fund Advisors LP (5.33%), Northern Trust Corp (2.29%), Victory Capital Management Inc. (2.20%), Wells Fargo & Company MN (1.27%) and Foresters Investment Management Company Inc. (0.97%). 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 Abrams, 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, Lord Abbett & CO. LLC, Picton Mahoney Asset Management, Patriot Financial Partners GP LP, Mesirow Financial Investment Management Equity Management, BNP Paribas Arbitrage SA, JPMorgan Chase & Co. and Victory Capital Management Inc.. Company insiders that have sold Sterling Bancorp company stock in the last year include Burt Steinberg, Jack L Kopnisky, James F Deutsch, Michael E Finn, Monte N Redman, Thomas G Kahn 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 Maltese Capital Management LLC, BlackRock Inc., Thrivent Financial for Lutherans, Eaton Vance Management, Stifel Financial Corp, Interval Partners LP, Nuveen Asset Management LLC and Wells Fargo & Company MN. 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 $24.25.
How big of a company is Sterling Bancorp?
Sterling Bancorp has a market capitalization of $5.52 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.
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 (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.
