NYSE:STLSterling Bancorp Stock Price, Forecast & News

$10.98

-0.39 (-3.43 %)

(As of 05/25/2020 04:00 PM ET)

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Today's Range

$10.83

Now: $10.98▼

$11.59

50-Day Range

$8.47

MA: $10.83▼

$12.78

52-Week Range

$7.01

Now: $10.98▼

$22.17

Volume2.06 million shs

Average Volume2.15 million shs

Market Capitalization$2.14 billion

P/E Ratio6.74

Dividend Yield2.55%

Beta1.69

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.

Beat the Market (BTM) Rank^™

3.4 Analyst's Opinion

Consensus Rating
Sterling Bancorp has received a consensus rating of Buy. The company's average rating score is 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $19.50, Sterling Bancorp has a potential upside of 77.6% from its current price of $10.98.
Amount of Analyst Coverage
Sterling Bancorp has only been the subject of 4 research reports in the past 90 days.

2.5 Community Rank

Outperform Votes
Sterling Bancorp has received 370 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Sterling Bancorp has received 378 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Sterling Bancorp has received 50.53% “underperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
Sterling Bancorp is a leading dividend payer. It pays a dividend yield of 2.55%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Sterling Bancorp does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Sterling Bancorp is 13.53 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Sterling Bancorp will have a dividend payout ratio of 15.56 % next year. This indicates that Sterling Bancorp will be able to sustain or increase its dividend.

3.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Sterling Bancorp insiders have bought 48.63% more of their company's stock than they have sold. Specifically, they have bought $317,328.00 in company stock and sold $213,500.00 in company stock.
Percentage Held by Insiders
Only 0.96% of the stock of Sterling Bancorp is held by insiders.
Percentage Held by Institutions
83.58% of the stock of Sterling Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8 Earnings and Valuation

Earnings Growth
Earnings for Sterling Bancorp are expected to grow by 59.29% in the coming year, from $1.13 to $1.80 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sterling Bancorp is 6.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.79.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sterling Bancorp is 6.74, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 15.63.
Price to Book Value per Share Ratio
Sterling Bancorp has a P/B Ratio of 0.51. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.20 out of 5 stars

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 Ratio0.63

Current Ratio0.97

Quick Ratio0.97

Price-To-Earnings

Trailing P/E Ratio6.74

Forward P/E Ratio9.72

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.33 billion

Price / Sales1.60

Cash Flow$2.12 per share

Price / Cash Flow5.17

Book Value$21.74 per share

Price / Book0.51

Profitability

EPS (Most Recent Fiscal Year)$2.07

Net Income$427.04 million

Net Margins25.50%

Return on Equity7.47%

Return on Assets1.07%

Miscellaneous

Employees1,639

Outstanding Shares194,455,000

Market Cap$2.14 billion

Next Earnings Date7/22/2020 (Estimated)

OptionableOptionable

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Sterling Bancorp (NYSE:STL) Frequently Asked Questions

How has Sterling Bancorp's stock been impacted by COVID-19 (Coronavirus)?

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 (WHO). Since then, STL stock has decreased by 15.1% and is now trading at $10.98. View which stocks have been most impacted by Coronavirus.

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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sterling Bancorp in the last year. There are currently 1 hold rating and 6 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, July 22nd 2020. View our earnings forecast for Sterling Bancorp.

How were Sterling Bancorp's earnings last quarter?

Sterling Bancorp (NYSE:STL) released its quarterly earnings data on Monday, April, 27th. The financial services provider reported ($0.02) earnings per share for the quarter, missing the Zacks' consensus estimate of $0.17 by $0.19. The financial services provider earned $250.65 million during the quarter, compared to analysts' expectations of $248.89 million. Sterling Bancorp had a return on equity of 7.47% and a net margin of 25.50%. The company's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.50 earnings per share. View Sterling Bancorp's earnings history.

How often does Sterling Bancorp pay dividends? What is the dividend yield for Sterling Bancorp?

Sterling Bancorp declared a quarterly dividend on Tuesday, April 28th. Investors of record on Friday, May 8th will be paid a dividend of $0.07 per share on Friday, May 22nd. This represents a $0.28 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Thursday, May 7th. View Sterling Bancorp's dividend history.

What price target have analysts set for STL?

7 Wall Street analysts have issued 12-month target prices for Sterling Bancorp's shares. Their forecasts range from $9.00 to $26.00. On average, they anticipate Sterling Bancorp's stock price to reach $19.50 in the next twelve months. This suggests a possible upside of 77.6% from the stock's current price. View analysts' price targets for Sterling Bancorp.

Has Sterling Bancorp been receiving favorable news coverage?

News headlines about STL stock have trended negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Sterling Bancorp earned a daily sentiment score of -2.7 on InfoTrie's scale. They also assigned media stories about the financial services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutSterling Bancorp.

Who are some of Sterling Bancorp's key competitors?

Some companies that are related to Sterling Bancorp include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), M&T Bank (MTB), Fifth Third Bancorp (FITB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Signature Bank (SBNY), Zions Bancorporation NA (ZION) and East West Bancorp (EWBC). View all 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 General Electric (GE), JPMorgan Chase & Co. (JPM), Bank of America (BAC), BGC Partners (BGCP), Heico (HEI), NVIDIA (NVDA), QUALCOMM (QCOM), Alibaba Group (BABA), Enterprise Products Partners (EPD) and Energy Transfer LP Unit (ET).

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 shareholders include Wellington Management Group LLP (10.08%), BlackRock Inc. (9.15%), Diamond Hill Capital Management Inc. (3.68%), State Street Corp (3.43%), Alliancebernstein L.P. (2.64%) and Invesco Ltd. (1.67%). Company insiders that own Sterling Bancorp stock include Brian T Edwards, Fernando Ferrer, Jack L Kopnisky, James F Deutsch, 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 institutional investors are selling Sterling Bancorp stock?

STL stock was sold by a variety of institutional investors in the last quarter, including Clearbridge Investments LLC, Eaton Vance Management, Alliancebernstein L.P., Invesco Ltd., BlackRock Inc., Los Angeles Capital Management & Equity Research Inc., First Trust Advisors LP, and Advisory Research Inc.. Company insiders that have sold Sterling Bancorp company stock in the last year include Brian T Edwards, Javier L Evan, Rodney Whitwell, and Thomas X Geisel. View insider buying and selling activity for Sterling Bancorp.

Which institutional investors are buying Sterling Bancorp stock?

STL stock was purchased by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Diamond Hill Capital Management Inc., Principal Financial Group Inc., Castine Capital Management LLC, Victory Capital Management Inc., Victory Capital Management Inc., Nuveen Asset Management LLC, and Mesirow Financial Investment Management Equity Management. 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 $10.98.

How big of a company is Sterling Bancorp?

Sterling Bancorp has a market capitalization of $2.14 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 5/26/2020 by MarketBeat.com Staff