News articles about Sterling Bancorp (NYSE:STL) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sterling Bancorp earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 45.9790981287501 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
Shares of Sterling Bancorp (STL) traded down $0.25 during trading on Tuesday, hitting $25.70. The stock had a trading volume of 1,601,443 shares, compared to its average volume of 1,658,130. The stock has a market capitalization of $5,830.00, a price-to-earnings ratio of 20.73 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 has a 52-week low of $21.00 and a 52-week high of $26.50.
Sterling Bancorp (NYSE:STL) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). The firm had revenue of $134.06 million for the quarter, compared to analysts’ expectations of $135.09 million. Sterling Bancorp had a net margin of 28.58% and a return on equity of 9.08%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 EPS. sell-side analysts forecast that Sterling Bancorp will post 1.36 earnings per share for the current fiscal year.
A number of brokerages have issued reports on STL. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $29.00 price target on shares of Sterling Bancorp in a research note on Thursday, October 12th. Zacks Investment Research lowered Sterling Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Maxim Group reiterated a “buy” rating and issued a $30.00 price target on shares of Sterling Bancorp in a research note on Wednesday, October 25th. Royal Bank of Canada cut their price target on Sterling Bancorp from $30.00 to $29.00 and set an “outperform” rating for the company in a research note on Tuesday, October 3rd. Finally, JMP Securities began coverage on Sterling Bancorp in a research note on Monday, November 20th. They issued a “market perform” rating and a $25.85 price target for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $27.86.
In other news, CEO Jack L. Kopnisky sold 54,100 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $24.71, for a total transaction of $1,336,811.00. Following the completion of the transaction, the chief executive officer now owns 231,765 shares in the company, valued at $5,726,913.15. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James F. Deutsch sold 300,000 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $25.31, for a total value of $7,593,000.00. Following the transaction, the director now owns 500 shares of the company’s stock, valued at approximately $12,655. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 753,635 shares of company stock valued at $18,727,028. Company insiders own 3.74% of the company’s stock.
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About Sterling Bancorp
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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