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

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$19.98 -0.27 (-1.33 %)

(As of 04/23/2019 06:25 AM ET)

Previous Close$20.25

Today's Range$19.85 - $20.34

52-Week Range$15.62 - $25.65

Volume1.23 million shs

Average Volume2.51 million shs

Market Capitalization$4.25 billion

P/E Ratio9.99

Dividend Yield1.38%

Beta1.25

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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Industry, Sector and Symbol

Stock Exchange NYSE

Industry National commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNYSE:STL

Previous SymbolNYSE:PBNY

CUSIP85915810

CIK1070154

Webwww.sterlingbancorp.com

Phone845-369-8040

Debt

Debt-to-Equity Ratio1.23

Current Ratio1.00

Quick Ratio0.93

Price-To-Earnings

Trailing P/E Ratio9.99

Forward P/E Ratio9.56

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.31 billion

Price / Sales3.24

Cash Flow$1.8831 per share

Price / Cash Flow10.61

Book Value$19.12 per share

Price / Book1.04

Profitability

EPS (Most Recent Fiscal Year)$2.00

Net Income$447.25 million

Net Margins33.95%

Return on Equity10.54%

Return on Assets1.43%

Miscellaneous

Employees1,907

Outstanding Shares212,705,000

Market Cap$4.25 billion

Next Earnings Date4/24/2019 (Confirmed)

OptionableOptionable

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 announced a quarterly dividend on Wednesday, January 23rd. Stockholders of record on Monday, February 4th will be paid a dividend of $0.07 per share on Tuesday, February 19th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Friday, February 1st. View Sterling Bancorp's Dividend History.

How were Sterling Bancorp's earnings last quarter?

Sterling Bancorp (NYSE:STL) announced its quarterly earnings results on Wednesday, January, 23rd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. The financial services provider had revenue of $265.35 million for the quarter, compared to the consensus estimate of $266.32 million. Sterling Bancorp had a net margin of 33.95% and a return on equity of 10.54%. The firm's quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.25 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 Wednesday, April 24th 2019. View Earnings Estimates for Sterling Bancorp.

How can I listen to Sterling Bancorp's earnings call?

Sterling Bancorp will be holding an earnings conference call on Thursday, April 25th at 10:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8882208451.

What price target have analysts set for STL?

4 brokerages have issued 1-year price objectives for Sterling Bancorp's shares. Their predictions range from $21.00 to $36.00. On average, they expect Sterling Bancorp's share price to reach $26.50 in the next year. This suggests a possible upside of 32.6% from the stock's current price. View Analyst Price Targets for Sterling Bancorp.

What is the consensus analysts' recommendation for Sterling Bancorp?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sterling Bancorp in the last year. There are currently 1 hold rating and 3 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. " (4/5/2019)
2. Maxim Group analysts commented, "STL reported 4Q18 EPS of $0.51, beating consensus of $0.50. Excluding non- recurring items, EPS would have been $0.53 (by our calculations). In our view, it was a solid quarter. Core non-interest income (excluding non-recurring items) was up linked-quarter, and non-interest expenses were down, and both were at a run-rate consistent with revised 2019 guidance. Both the NIM and the core NIM (excluding accretion income on acquired loans) were stable (down only 1bp), as yields on interest earning assets increased, and the increase in deposit costs slowed (up 9bps versus up 13bps in 3Q18). However, average earning assets were down slightly, so net interest income was down 0.5%. The core efficiency ratio was a low 40%." (1/24/2019)

Has Sterling Bancorp been receiving favorable news coverage?

Headlines about STL stock have trended negative this week, InfoTrie reports. InfoTrie rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Sterling Bancorp earned a news sentiment score of -2.3 on InfoTrie's scale. They also gave media coverage about the financial services provider a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an effect on the company's share price in the next several days.

Are investors shorting Sterling Bancorp?

Sterling Bancorp saw a drop in short interest during the month of March. As of March 15th, there was short interest totalling 20,667,835 shares, a drop of 11.3% from the February 28th total of 23,293,811 shares. Based on an average daily trading volume, of 2,306,790 shares, the days-to-cover ratio is currently 9.0 days. Currently, 9.7% of the company's shares are short sold. View Sterling Bancorp's Current Options Chain.

Who are some of Sterling Bancorp's key competitors?

Some companies that are related to Sterling Bancorp include Regions Financial (RF), Huntington Bancshares (HBAN), Comerica (CMA), Zions Bancorporation NA (ZION), Cullen/Frost Bankers (CFR), BOK Financial (BOKF), Synovus Financial (SNV), CIT Group (CIT), Webster Financial (WBS), First Horizon National (FHN), PacWest Bancorp (PACW), Pinnacle Financial Partners (PNFP), F.N.B. (FNB), MB Financial (MBFI) and TCF Financial (TCF).

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 NVIDIA (NVDA), QUALCOMM (QCOM), JPMorgan Chase & Co. (JPM), WebMD Health (WBMD), Alibaba Group (BABA), General Electric (GE), BGC Partners (BGCP), Alphabet (GOOG), Heico (HEI) and Adobe (ADBE).

Who are Sterling Bancorp's key executives?

Sterling Bancorp's management team includes the folowing people:

Mr. Jack L. Kopnisky, Pres, CEO & Director (Age 63)
Mr. Luis Massiani, Sr. Exec. VP & CFO (Age 42)
Mr. Rodney C. Whitwell, Sr. Exec. VP & Chief Admin. Officer (Age 61)
Mr. James P. Blose, Exec. VP, Chief Legal Officer & Gen. Counsel (Age 51)
Mr. Michael E. Finn, Sr. Exec. VP & Chief Risk Officer (Age 54)

Who are Sterling Bancorp's major shareholders?

Sterling Bancorp's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Retirement Systems of Alabama (0.28%), Skyline Asset Management LP (0.27%), Hudson Valley Investment Advisors Inc. ADV (0.17%), Quantitative Systematic Strategies LLC (0.05%), Louisiana State Employees Retirement System (0.03%) and First Manhattan Co. (0.02%). Company insiders that own Sterling Bancorp stock include Brian T Edwards, Burt Steinberg, Craig S Thompson, Jack L Kopnisky, James F Deutsch, James J Landy, James P Blose, Michael E Finn, Monte N Redman, Richard L O'toole, Robert Giambrone, 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 Skyline Asset Management LP, Hudson Valley Investment Advisors Inc. ADV, First Manhattan Co., Retirement Systems of Alabama, Quantitative Systematic Strategies LLC, Louisiana State Employees Retirement System and State of Alaska Department of Revenue. Company insiders that have sold Sterling Bancorp company stock in the last year include Brian T Edwards, Burt Steinberg, James F Deutsch, James J Landy, James P Blose 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 Tibra Equities Europe Ltd, Strs Ohio and Shine Investment Advisory Services Inc.. Company insiders that have bought Sterling Bancorp stock in the last two years include Burt Steinberg, Richard L O'toole and Robert Giambrone. 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 $19.98.

How big of a company is Sterling Bancorp?

Sterling Bancorp has a market capitalization of $4.25 billion and generates $1.31 billion in revenue each year. The financial services provider earns $447.25 million in net income (profit) each year or $2.00 on an earnings per share basis. Sterling Bancorp employs 1,907 workers across the globe.

What is Sterling Bancorp's official website?

The official website for Sterling Bancorp is http://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]

MarketBeat Community Rating for Sterling Bancorp (NYSE STL)

Community Ranking:		2.4 out of 5 ( )
Outperform Votes:		310 (Vote Outperform)
Underperform Votes:		327 (Vote Underperform)
Total Votes:		637

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 4/23/2019 by MarketBeat.com Staff