Sterling Bancorp Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sterling Bancorp in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Sterling Bancorp stock.
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Sterling Bancorp is scheduled to release its next quarterly earnings announcement on Monday, April 26th 2021.
View our earnings forecast for Sterling Bancorp.

Sterling Bancorp (NYSE:STL) released its quarterly earnings data on Tuesday, January, 19th. The financial services provider reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.03. The financial services provider had revenue of $256.07 million for the quarter, compared to the consensus estimate of $247.27 million. Sterling Bancorp had a net margin of 21.32% and a trailing twelve-month return on equity of 5.83%. The business's revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 EPS.
View Sterling Bancorp's earnings history.

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 increased by 76.0% and is now trading at $22.76.
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Sterling Bancorp announced a quarterly dividend on Thursday, January 21st. Shareholders of record on Monday, February 1st will be given a dividend of $0.07 per share on Tuesday, February 16th. This represents a $0.28 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Friday, January 29th.
View Sterling Bancorp's dividend history.

Sterling Bancorp pays an annual dividend of $0.28 per share and currently has a dividend yield of 1.24%. Sterling Bancorp does not yet have a strock track record of dividend growth. The dividend payout ratio of Sterling Bancorp is 13.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Sterling Bancorp will have a dividend payout ratio of 14.97% next year. This indicates that Sterling Bancorp will be able to sustain or increase its dividend.
View Sterling Bancorp's dividend history.

7 analysts have issued 12-month target prices for Sterling Bancorp's shares. Their forecasts range from $14.00 to $26.00. On average, they anticipate Sterling Bancorp's share price to reach $22.00 in the next twelve months. This suggests that the stock has a possible downside of 3.3%.
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49 employees have rated Sterling Bancorp CEO Jack L. Kopnisky on Glassdoor.com. Jack L. Kopnisky has an approval rating of 64% among Sterling Bancorp's employees.

Some companies that are related to Sterling Bancorp include Truist Financial (TFC), The PNC Financial Services Group (PNC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), M&T Bank (MTB), Regions Financial (RF), KeyCorp (KEY), Huntington Bancshares (HBAN), Signature Bank (SBNY), East West Bancorp (EWBC), Western Alliance Bancorporation (WAL), First Horizon (FHN), Zions Bancorporation, National Association (ZION) and Commerce Bancshares (CBSH).
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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), QUALCOMM (QCOM), Wells Fargo & Company (WFC), BGC Partners (BGCP), Cisco Systems (CSCO), HEICO (HEI) and Advanced Micro Devices (AMD).

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

Sterling Bancorp's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.25%), Dimensional Fund Advisors LP (5.48%), Diamond Hill Capital Management Inc. (4.41%), Alliancebernstein L.P. (4.13%), Principal Financial Group Inc. (1.43%) and Principal Financial Group Inc. (1.43%). Company insiders that own Sterling Bancorp stock include Brian T Edwards, Fernando Ferrer, Jack L Kopnisky, 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.

STL stock was sold by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Skyline Asset Management LP, Walthausen & Co. LLC, Morgan Stanley, Prudential PLC, Nuveen Asset Management LLC, Bank of New York Mellon Corp, and Wells Fargo & Company MN. Company insiders that have sold Sterling Bancorp company stock in the last year include James P Blose, Rodney Whitwell, and Thomas X Geisel.
View insider buying and selling activity for Sterling Bancorp or view top insider-selling stocks.

STL stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, Alliancebernstein L.P., Azora Capital LP, Principal Financial Group Inc., Principal Financial Group Inc., BlackRock Inc., Diamond Hill Capital Management Inc., and Gyon Technologies Capital Management 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 or or view top insider-buying stocks.

Shares of STL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of STL stock can currently be purchased for approximately $22.76.

Sterling Bancorp has a market capitalization of $4.40 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 1,460 workers across the globe.

The official website for Sterling Bancorp is www.sterlingbancorp.com.

Sterling Bancorp is headquartered at 400 Rella Boulevard, Montebello NY, 10901.

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]