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

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$20.64 -0.02 (-0.10 %)
(As of 05/21/2019 02:32 PM ET)
Previous Close$20.66
Today's Range$20.60 - $20.87
52-Week Range$15.62 - $25.65
Volume55,499 shs
Average Volume2.53 million shs
Market Capitalization$4.33 billion
P/E Ratio10.35
Dividend Yield1.36%
Beta1.3
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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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

Debt

Debt-to-Equity Ratio0.87
Current Ratio0.97
Quick Ratio0.95

Price-To-Earnings

Trailing P/E Ratio10.35
Forward P/E Ratio9.74
P/E GrowthN/A

Sales & Book Value

Annual Sales$1.31 billion
Price / Sales3.30
Cash Flow$1.9093 per share
Price / Cash Flow10.81
Book Value$20.42 per share
Price / Book1.01

Profitability

EPS (Most Recent Fiscal Year)$2.00
Net Income$447.25 million
Net Margins33.40%
Return on Equity10.57%
Return on Assets1.46%

Miscellaneous

Employees1,907
Outstanding Shares209,680,000
Market Cap$4.33 billion
Next Earnings Date7/23/2019 (Estimated)
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 Thursday, April 25th. Stockholders of record on Monday, May 6th will be paid a dividend of $0.07 per share on Monday, May 20th. This represents a $0.28 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Friday, May 3rd. View Sterling Bancorp's Dividend History.

How were Sterling Bancorp's earnings last quarter?

Sterling Bancorp (NYSE:STL) issued its earnings results on Wednesday, April, 24th. The financial services provider reported $0.50 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.49 by $0.01. The financial services provider earned $263.90 million during the quarter, compared to analyst estimates of $262.59 million. Sterling Bancorp had a return on equity of 10.57% and a net margin of 33.40%. The company's revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 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, July 23rd 2019. View Earnings Estimates for Sterling Bancorp.

What price target have analysts set for STL?

5 equities research analysts have issued 1-year target prices for Sterling Bancorp's shares. Their forecasts range from $21.00 to $36.00. On average, they anticipate Sterling Bancorp's stock price to reach $26.50 in the next year. This suggests a possible upside of 28.6% from the stock's current price. View Analyst Price Targets for Sterling Bancorp.

What is the consensus analysts' recommendation for Sterling Bancorp?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sterling Bancorp in the last year. There are currently 1 hold rating 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. " (4/5/2019)
  • 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 headlines about STL stock have trended positive recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Sterling Bancorp earned a coverage optimism score of 2.2 on InfoTrie's scale. They also assigned news headlines about the financial services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next several days.

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 QUALCOMM (QCOM), WebMD Health (WBMD), JPMorgan Chase & Co. (JPM), BGC Partners (BGCP), NVIDIA (NVDA), Heico (HEI), Alibaba Group (BABA), Alphabet (GOOG), Netflix (NFLX) and Bank of America (BAC).

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 institutional and retail investors. Top institutional investors include Wellington Management Group LLP (10.12%), BlackRock Inc. (9.18%), Dimensional Fund Advisors LP (4.23%), Victory Capital Management Inc. (1.81%), Goldman Sachs Group Inc. (1.65%) and Wells Fargo & Company MN (1.56%). Company insiders that own Sterling Bancorp stock include Brian T Edwards, Burt Steinberg, Craig S Thompson, Jack L Kopnisky, James F Deutsch, James J Landy, James P Blose, 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 major investors are selling Sterling Bancorp stock?

STL stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Goldman Sachs Group Inc., EJF Capital LLC, Victory Capital Management Inc., Wellington Management Group LLP, New York State Common Retirement Fund, Hilton Capital Management LLC and Penn Capital Management Co. Inc.. Company insiders that have sold Sterling Bancorp company stock in the last year include Brian T Edwards, Burt Steinberg, Jack L Kopnisky, James F Deutsch, James J Landy, James P Blose, Rodney Whitwell and Thomas X Geisel. View Insider Buying and Selling for Sterling Bancorp.

Which major investors are buying Sterling Bancorp stock?

STL stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Lazard Asset Management LLC, Diamond Hill Capital Management Inc., Gillson Capital LP, Janus Henderson Group PLC, 361 Capital LLC, Geode Capital Management LLC and M3F Inc.. Company insiders that have bought Sterling Bancorp stock in the last two years include Burt Steinberg, 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, Scottrade, Fidelity and Charles Schwab.

What is Sterling Bancorp's stock price today?

One share of STL stock can currently be purchased for approximately $20.61.

How big of a company is Sterling Bancorp?

Sterling Bancorp has a market capitalization of $4.32 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.

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 (star star)
Outperform Votes:  312 (Vote Outperform)
Underperform Votes:  329 (Vote Underperform)
Total Votes:  641
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 5/21/2019 by MarketBeat.com Staff

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