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 announced a quarterly dividend on Thursday, January 23rd. Stockholders of record on Monday, February 3rd will be given a dividend of $0.07 per share on Tuesday, February 18th. This represents a $0.28 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Friday, January 31st. View Sterling Bancorp's Dividend History.

Sterling Bancorp (NYSE:STL) released its quarterly earnings results on Wednesday, January, 22nd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $256.05 million. Sterling Bancorp had a net margin of 31.85% and a return on equity of 9.97%. Sterling Bancorp's revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $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 equities research analysts have issued 1-year target prices for Sterling Bancorp's stock. Their forecasts range from $25.00 to $28.00. On average, they expect Sterling Bancorp's share price to reach $26.08 in the next year. This suggests a possible upside of 30.7% 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.

News stories about STL stock have trended extremely negative on Tuesday, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Sterling Bancorp earned a media sentiment score of -5.0 on InfoTrie's scale. They also assigned news coverage about the financial services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near 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 currently 7.0 days. Approximately 4.3% of the shares of the company 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), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), Signature Bank (SBNY), 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 number of of institutional and retail investors. Top institutional investors include State Street Corp (3.37%), Diamond Hill Capital Management Inc. (2.73%), Bank of New York Mellon Corp (1.19%), Bank of America Corp DE (1.14%), FMR LLC (1.04%) and Eaton Vance Management (0.99%). 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 EJF Capital LLC, State Street Corp, Goldman Sachs Group Inc., Bank of America Corp DE, William Blair Investment Management LLC, Kahn Brothers Group Inc. DE, Eaton Vance Management and Mendon Capital Advisors Corp. Company insiders that have sold Sterling Bancorp company stock in the last year include Brian T Edwards, Jack L Kopnisky, Javier L Evan, Rodney Whitwell and Thomas X Geisel. View Insider Buying and Selling for Sterling Bancorp.

STL stock was purchased by a variety of institutional investors in the last quarter, including Earnest Partners LLC, Victory Capital Management Inc., Victory Capital Management Inc., FMR LLC, Citigroup Inc., Monarch Partners Asset Management LLC, Barclays PLC and Diamond Hill Capital Management Inc.. 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 $19.95.

Sterling Bancorp has a market capitalization of $4.03 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]