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NYSE:STL

Sterling Bancorp Stock Forecast, Price & News

$11.53
+0.10 (+0.87 %)
(As of 09/17/2020 12:00 AM ET)
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Today's Range
$11.05
Now: $11.53
$11.58
50-Day Range
$10.79
MA: $11.80
$12.90
52-Week Range
$7.01
Now: $11.53
$21.63
Volume2.54 million shs
Average Volume2.35 million shs
Market Capitalization$2.24 billion
P/E Ratio8.12
Dividend Yield2.45%
Beta1.65
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: 2.5Insider Behavior: 1.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.63 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$2.23 per share
Book Value$21.74 per share

Profitability

Net Income$427.04 million

Miscellaneous

Employees1,639
Market Cap$2.24 billion
Next Earnings Date10/28/2020 (Estimated)
OptionableOptionable
$11.53
+0.10 (+0.87 %)
(As of 09/17/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Sterling Bancorp (NYSE:STL) Frequently Asked Questions

How has Sterling Bancorp's stock price been impacted by COVID-19?

Sterling Bancorp's stock was trading at $12.93 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, STL shares have decreased by 10.8% and is now trading at $11.53.
View which stocks have been most impacted by COVID-19
.

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

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sterling Bancorp in the last year. There are currently 1 hold rating and 5 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, October 28th 2020.
View our earnings forecast for Sterling Bancorp
.

How were Sterling Bancorp's earnings last quarter?

Sterling Bancorp (NYSE:STL) issued its earnings results on Wednesday, July, 22nd. The financial services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.31 by $0.02. The financial services provider earned $239.39 million during the quarter, compared to analyst estimates of $242.51 million. Sterling Bancorp had a return on equity of 6.30% and a net margin of 22.93%.
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 Wednesday, July 22nd. Shareholders of record on Monday, August 3rd will be given a dividend of $0.07 per share on Monday, August 17th. This represents a $0.28 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Friday, July 31st.
View Sterling Bancorp's dividend history
.

What price target have analysts set for STL?

6 brokerages have issued twelve-month price objectives for Sterling Bancorp's stock. Their forecasts range from $14.00 to $25.50. On average, they anticipate Sterling Bancorp's stock price to reach $18.10 in the next year. This suggests a possible upside of 57.0% from the stock's current price.
View analysts' price targets for Sterling Bancorp
.

Are investors shorting Sterling Bancorp?

Sterling Bancorp saw a decline in short interest in June. As of June 30th, there was short interest totaling 8,400,000 shares, a decline of 15.3% from the June 15th total of 9,920,000 shares. Based on an average trading volume of 2,550,000 shares, the short-interest ratio is currently 3.3 days. Currently, 4.4% of the company's shares are sold short.
View Sterling Bancorp's Short Interest
.

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 JPMorgan Chase & Co. (JPM), Bank of America (BAC), General Electric (GE), NVIDIA (NVDA), Wells Fargo & Company (WFC), BGC Partners (BGCP), Heico (HEI), QUALCOMM (QCOM), Alibaba Group (BABA) and Cisco Systems (CSCO).

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 variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.27%), Diamond Hill Capital Management Inc. (3.61%), FMR LLC (1.68%), Bank of New York Mellon Corp (1.23%), Principal Financial Group Inc. (1.12%) and Principal Financial Group Inc. (1.12%). Company insiders that own Sterling Bancorp stock include Brian T Edwards, Fernando Ferrer, Jack L Kopnisky, 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 major investors are selling Sterling Bancorp stock?

STL stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Advisory Research Inc., Castine Capital Management LLC, Ensign Peak Advisors Inc, Gillson Capital LP, Goldman Sachs Group Inc., Victory Capital Management Inc., and Bank of America Corp DE. Company insiders that have sold Sterling Bancorp company stock in the last year include Brian T Edwards, Rodney Whitwell, and Thomas X Geisel.
View insider buying and selling activity 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 FMR LLC, Principal Financial Group Inc., Principal Financial Group Inc., Nordea Investment Management AB, MUFG Securities EMEA plc, Cubist Systematic Strategies LLC, Federated Hermes Inc., and First Trust Advisors LP. 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 $11.53.

How big of a company is Sterling Bancorp?

Sterling Bancorp has a market capitalization of $2.24 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 9/18/2020 by MarketBeat.com Staff

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