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

Sign in or create an account to add this stock to your watchlist.
$18.31 -0.35 (-1.88 %)
(As of 01/22/2019 10:37 AM ET)
Previous Close$18.66
Today's Range$18.29 - $18.66
52-Week Range$15.62 - $25.65
Volume18,022 shs
Average Volume2.77 million shs
Market Capitalization$4.19 billion
P/E Ratio13.23
Dividend Yield1.50%
Beta1.17
Sterling Bancorp operates as the bank holding company for Sterling National Bank that provides various banking services to commercial, consumer, and municipal clients in the United States. The company accepts deposit products, including checking, money market, savings, 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, 2017, it operated 128 full-service retail and commercial financial centers, which comprise 29 offices located in Nassau County, New York, 27 in Suffolk County, 19 in Queens County, 14 in Westchester County, 13 in Kings County, 9 in Rockland County, 6 in Orange County, 5 in New York City, and 2 in Bronx County, as well as 1 office each of 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.

Receive STL News and Ratings via Email

Sign-up to receive the latest news and ratings for STL and its competitors with MarketBeat's FREE daily newsletter.

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$746.65 million
Cash Flow$0.9818 per share
Book Value$18.24 per share

Profitability

Net Income$93.03 million

Miscellaneous

Employees2,076
Market Cap$4.19 billion
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 Tuesday, October 23rd. Investors of record on Monday, November 5th will be paid a dividend of $0.07 per share on Monday, November 19th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Friday, November 2nd. View Sterling Bancorp's Dividend History.

How were Sterling Bancorp's earnings last quarter?

Sterling Bancorp (NYSE:STL) posted its quarterly earnings data on Tuesday, October, 23rd. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.51. The financial services provider earned $272.20 million during the quarter, compared to analyst estimates of $278.79 million. Sterling Bancorp had a net margin of 23.31% and a return on equity of 9.96%. The business's quarterly revenue was up 96.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 earnings per share. 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, January 23rd 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, January 24th at 10:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8883948218.

What price target have analysts set for STL?

6 brokers have issued 1-year price objectives for Sterling Bancorp's stock. Their forecasts range from $21.00 to $36.00. On average, they anticipate Sterling Bancorp's share price to reach $28.3333 in the next year. This suggests a possible upside of 51.8% from the stock's current price. View Analyst Price Targets for Sterling Bancorp.

What is the consensus analysts' recommendation for 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.

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. " (12/26/2018)
  • 2. Maxim Group analysts commented, "STL reported 3Q18 EPS of $0.52, matching consensus. However, loans were slightly down linked-quarter (due to competition) and the core NIM was down 5bps (though within the company’s guidance range). In reaction to these disclosures (and apparently to the strategies discussed below), STL shares sold off 10%. We regard this as a major over-reaction from an already oversold position." (10/25/2018)

Has Sterling Bancorp been receiving favorable news coverage?

News stories about STL stock have been trending very positive recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand blog and news 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 daily sentiment score of 3.2 on InfoTrie's scale. They also gave news headlines about the financial services provider a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.

Who are some of Sterling Bancorp's key competitors?

Who are Sterling Bancorp's key executives?

Sterling Bancorp's management team includes the folowing people:
  • Mr. Jack L. Kopnisky, Pres, CEO & Director (Age 62)
  • Mr. Luis Massiani, Sr. Exec. VP & CFO (Age 41)
  • Mr. Rodney C. Whitwell, Sr. Exec. VP & Chief Admin. Officer (Age 60)
  • Mr. James P. Blose, Exec. VP, Chief Legal Officer & Gen. Counsel (Age 50)
  • Mr. Michael E. Finn, Sr. Exec. VP & Chief Risk Officer (Age 53)

Who are Sterling Bancorp's major shareholders?

Sterling Bancorp's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Skyline Asset Management LP (0.37%), Hudson Valley Investment Advisors Inc. ADV (0.23%), Hennessy Advisors Inc. (0.11%) and Louisiana State Employees Retirement System (0.03%). Company insiders that own Sterling Bancorp stock include Burt Steinberg, Craig S Thompson, Jack L Kopnisky, James F Deutsch, James P Blose, James R Peoples, John C Millman, Michael E Finn, Monte N Redman, Richard L O'toole, Robert Giambrone, Robert W Lazar, 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 Louisiana State Employees Retirement System. Company insiders that have sold Sterling Bancorp company stock in the last year include Burt Steinberg, James F Deutsch, 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 purchased by a variety of institutional investors in the last quarter, including Hudson Valley Investment Advisors Inc. ADV, Skyline Asset Management LP and Hennessy Advisors Inc.. Company insiders that have bought Sterling Bancorp stock in the last two years include Burt Steinberg, Richard L O'toole, Robert Giambrone and Robert W Lazar. 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 $18.66.

How big of a company is Sterling Bancorp?

Sterling Bancorp has a market capitalization of $4.19 billion and generates $746.65 million in revenue each year. The financial services provider earns $93.03 million in net income (profit) each year or $1.40 on an earnings per share basis. Sterling Bancorp employs 2,076 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 (star star)
Outperform Votes:  297 (Vote Outperform)
Underperform Votes:  317 (Vote Underperform)
Total Votes:  614
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 1/22/2019 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel