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

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$22.70 +0.15 (+0.67 %)
(As of 08/17/2018 04:00 PM ET)
Previous Close$22.70
Today's Range$22.35 - $22.80
52-Week Range$21.75 - $25.65
Volume1.49 million shs
Average Volume1.95 million shs
Market Capitalization$4.98 billion
P/E Ratio16.21
Dividend Yield1.27%
Beta0.99
Sterling Bancorp logoSterling 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
SymbolNYSE:STL
CUSIP85915810
Phone845-369-8040

Debt

Debt-to-Equity Ratio1.35
Current Ratio1.01
Quick Ratio1.01

Price-To-Earnings

Trailing P/E Ratio16.21
Forward P/E Ratio11.46
P/E GrowthN/A

Sales & Book Value

Annual Sales$746.65 million
Price / Sales6.86
Cash Flow$1.0281 per share
Price / Cash22.08
Book Value$18.24 per share
Price / Book1.24

Profitability

EPS (Most Recent Fiscal Year)$1.40
Net Income$93.03 million
Net Margins20.19%
Return on Equity9.67%
Return on Assets1.28%

Miscellaneous

Employees2,076
Outstanding Shares225,480,000
Market Cap$4.98 billion

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, July 24th. Shareholders of record on Monday, August 6th will be paid a dividend of $0.07 per share on Monday, August 20th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, August 3rd. View Sterling Bancorp's Dividend History.

How were Sterling Bancorp's earnings last quarter?

Sterling Bancorp (NYSE:STL) released its earnings results on Tuesday, July, 24th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. The financial services provider earned $276.81 million during the quarter, compared to analysts' expectations of $272.26 million. Sterling Bancorp had a net margin of 20.19% and a return on equity of 9.67%. The company's revenue for the quarter was up 110.8% on a year-over-year basis. During the same period last year, the company posted $0.33 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, October, 23rd 2018. View Earnings Estimates for Sterling Bancorp.

What price target have analysts set for STL?

6 Wall Street analysts have issued twelve-month price objectives for Sterling Bancorp's shares. Their forecasts range from $25.85 to $36.00. On average, they anticipate Sterling Bancorp's stock price to reach $30.3083 in the next year. This suggests a possible upside of 33.5% 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. " (7/27/2018)
  • 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?

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?

Media coverage about STL stock has trended somewhat positive on Saturday, according to Accern. The research firm identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sterling Bancorp earned a media and rumor sentiment score of 0.20 on Accern's scale. They also gave headlines about the financial services provider an impact score of 43.06 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future. View Recent Headlines for Sterling Bancorp.

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. (8.63%), Dimensional Fund Advisors LP (4.60%), Victory Capital Management Inc. (2.10%), Bank of America Corp DE (1.62%), Wells Fargo & Company MN (1.37%) and OppenheimerFunds Inc. (1.13%). 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 major investors are selling Sterling Bancorp stock?

STL stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Dimensional Fund Advisors LP, Voya Investment Management LLC, Picton Mahoney Asset Management, Schwab Charles Investment Management Inc., Federated Investors Inc. PA, Bank of New York Mellon Corp and Russell Investments Group Ltd.. Company insiders that have sold Sterling Bancorp company stock in the last year include Burt Steinberg, Jack L Kopnisky, James F Deutsch, James P Blose, Michael E Finn, Monte N Redman, Thomas G Kahn and Thomas X Geisel. View Insider Buying and Selling for Sterling Bancorp.

Which major investors are buying Sterling Bancorp stock?

STL stock was acquired by a variety of institutional investors in the last quarter, including Millennium Management LLC, Bank of America Corp DE, Diamond Hill Capital Management Inc., Janus Henderson Group PLC, OppenheimerFunds Inc., Paloma Partners Management Co, Jane Street Group LLC and KBC Group NV. 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 $22.70.

How big of a company is Sterling Bancorp?

Sterling Bancorp has a market capitalization of $4.98 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 (NYSE STL)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  259 (Vote Outperform)
Underperform Votes:  288 (Vote Underperform)
Total Votes:  547
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 8/18/2018 by MarketBeat.com Staff

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