Media headlines about Sterling Bancorp (NYSE:STL) have been trending somewhat positive recently, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Sterling Bancorp earned a news impact score of 0.06 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.3301934313519 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
Several research analysts have recently weighed in on STL shares. Maxim Group reaffirmed a “buy” rating and issued a $30.00 price target on shares of Sterling Bancorp in a report on Wednesday, October 25th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $29.00 price target on shares of Sterling Bancorp in a report on Thursday, October 12th. Zacks Investment Research raised Sterling Bancorp from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Saturday, September 16th. JMP Securities started coverage on Sterling Bancorp in a research note on Monday, November 20th. They issued a “market perform” rating and a $25.85 target price on the stock. Finally, Royal Bank of Canada reduced their target price on Sterling Bancorp from $30.00 to $29.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $27.59.
Sterling Bancorp (NYSE:STL) opened at $25.60 on Thursday. Sterling Bancorp has a 1-year low of $21.00 and a 1-year high of $26.50. The stock has a market cap of $5,680.00, a P/E ratio of 20.65 and a beta of 1.04. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.76.
Sterling Bancorp (NYSE:STL) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01). Sterling Bancorp had a net margin of 28.58% and a return on equity of 9.08%. The firm had revenue of $134.06 million for the quarter, compared to the consensus estimate of $135.09 million. During the same period last year, the business earned $0.29 EPS. Sterling Bancorp’s revenue was up 9.7% on a year-over-year basis. sell-side analysts predict that Sterling Bancorp will post 1.39 EPS for the current fiscal year.
In other news, EVP Michael E. Finn sold 4,535 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $24.05, for a total value of $109,066.75. Following the sale, the executive vice president now directly owns 35,288 shares in the company, valued at approximately $848,676.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James F. Deutsch sold 300,000 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $25.31, for a total transaction of $7,593,000.00. Following the completion of the sale, the director now owns 500 shares in the company, valued at $12,655. The disclosure for this sale can be found here. Insiders have sold a total of 753,635 shares of company stock worth $18,727,028 in the last quarter. Corporate insiders own 3.74% of the company’s stock.
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Sterling Bancorp Company Profile
Sterling Bancorp is a financial holding company. The Company is a bank holding company that owns the Sterling National Bank (the Bank). The Bank specializes in the delivery of services and solutions to business owners, their families and consumers within the communities it serves. The Bank offers a line of commercial, business, and consumer banking products and services.
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