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

Sterling Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "STL."

Sterling Bancorp declared a quarterly dividend on Thursday, January 23rd. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.07 per share on Tuesday, February 18th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Friday, January 31st. View Sterling Bancorp's Dividend History.

Sterling Bancorp (NYSE:STL) announced its quarterly earnings data on Wednesday, January, 22nd. The financial services provider reported $0.54 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.53 by $0.01. The financial services provider had revenue of $260.60 million for the quarter, compared to analysts' expectations of $256.05 million. Sterling Bancorp had a net margin of 31.85% and a return on equity of 9.97%. The company's quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.52 earnings per share. View Sterling Bancorp's Earnings History.

Sterling Bancorp is scheduled to release their next quarterly earnings announcement on Wednesday, April 22nd 2020. View Earnings Estimates for Sterling Bancorp.

7 brokerages have issued 1 year price targets for Sterling Bancorp's shares. Their forecasts range from $25.00 to $28.00. On average, they anticipate Sterling Bancorp's share price to reach $26.08 in the next year. This suggests a possible upside of 27.8% from the stock's current price. View Analyst Price Targets for Sterling Bancorp.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sterling Bancorp in the last year. There are currently 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Sterling Bancorp.

Media coverage about STL stock has been trending somewhat positive on Tuesday, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Sterling Bancorp earned a daily sentiment score of 0.8 on InfoTrie's scale. They also gave press coverage about the financial services provider a news buzz of 3.0 out of 10, indicating that recent media coverage is unlikely to have an effect on the company's share price in the immediate future. View News Stories for Sterling Bancorp.

Sterling Bancorp saw a drop in short interest in January. As of January 15th, there was short interest totalling 8,610,000 shares, a drop of 8.7% from the December 31st total of 9,430,000 shares. Based on an average daily trading volume, of 1,230,000 shares, the days-to-cover ratio is presently 7.0 days. Approximately 4.3% of the company's stock are sold short. View Sterling Bancorp's Current Options Chain.

Some companies that are related to Sterling Bancorp include PNC Financial Services Group (PNC), Truist Financial (TFC), SunTrust Banks (STI), M&T Bank (MTB), Fifth Third Bancorp (FITB), First Republic Bank (FRC), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Zions Bancorporation NA (ZION), Signature Bank (SBNY), Commerce Bancshares (CBSH), East West Bancorp (EWBC) and TCF Financial (TCF).

Based on aggregate information from My MarketBeat watchlists, some companies that other Sterling Bancorp investors own include JPMorgan Chase & Co. (JPM), BGC Partners (BGCP), Heico (HEI), NVIDIA (NVDA), QUALCOMM (QCOM), WebMD Health (WBMD), Alibaba Group (BABA), Bank of America (BAC), General Electric (GE) and Alphabet (GOOG).

Sterling Bancorp's stock is owned by a variety of of retail and institutional investors. Top institutional investors include California Public Employees Retirement System (0.29%), Retirement Systems of Alabama (0.29%), Kahn Brothers Group Inc. DE (0.19%), Smith Graham & Co. Investment Advisors LP (0.18%), Hudson Valley Investment Advisors Inc. ADV (0.17%) and New York State Teachers Retirement System (0.13%). Company insiders that own Sterling Bancorp stock include Brian T Edwards, Burt Steinberg, Jack L Kopnisky, James F Deutsch, James J Landy, James P Blose, Javier L Evan, Mona Aboelnaga, Richard L O'toole, Robert Giambrone, Rodney Whitwell and Thomas X Geisel. View Institutional Ownership Trends for Sterling Bancorp.

STL stock was sold by a variety of institutional investors in the last quarter, including Kahn Brothers Group Inc. DE, Arizona State Retirement System, Hennessy Advisors Inc., Smith Graham & Co. Investment Advisors LP, Retirement Systems of Alabama, State of Alaska Department of Revenue, Dupont Capital Management Corp and Hudson Valley Investment Advisors Inc. ADV. Company insiders that have sold Sterling Bancorp company stock in the last year include Brian T Edwards, Jack L Kopnisky, James J Landy, Javier L Evan, Rodney Whitwell and Thomas X Geisel. View Insider Buying and Selling for Sterling Bancorp.

STL stock was bought by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, New York State Teachers Retirement System, FNY Investment Advisers LLC, Strs Ohio, Janney Montgomery Scott LLC, SG Americas Securities LLC, Sciencast Management LP and Virginia Retirement Systems ET AL. Company insiders that have bought Sterling Bancorp stock in the last two years include Mona Aboelnaga, Richard L O'toole and Robert Giambrone. View Insider Buying and Selling for 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.

One share of STL stock can currently be purchased for approximately $20.41.

Sterling Bancorp has a market capitalization of $4.12 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 1,907 workers across the globe.View Additional Information About Sterling Bancorp.

The official website for Sterling Bancorp is http://www.sterlingbancorp.com/.

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]