Sterling Bancorp (NYSE:STL) will release its earnings data after the market closes on Tuesday, January 23rd. Analysts expect Sterling Bancorp to post earnings of $0.43 per share for the quarter.
Sterling Bancorp (NYSE:STL) last posted its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.35 EPS 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 business had revenue of $134.06 million during the quarter, compared to analyst estimates of $135.09 million. During the same period last year, the firm posted $0.29 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. On average, analysts expect Sterling Bancorp to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Sterling Bancorp (NYSE STL) opened at $26.25 on Monday. Sterling Bancorp has a fifty-two week low of $21.00 and a fifty-two week high of $26.50. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $5,898.56, a PE ratio of 21.17 and a beta of 1.04.
Several research firms have recently commented on STL. Zacks Investment Research raised shares of Sterling Bancorp from a “hold” rating to a “strong-buy” rating and set a $29.00 price target for the company in a report on Tuesday, January 2nd. JMP Securities began coverage on shares of Sterling Bancorp in a report on Monday, November 20th. They issued a “market perform” rating and a $25.85 price target for the company. 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. Finally, Royal Bank of Canada reduced their target price on shares of Sterling Bancorp from $30.00 to $29.00 and set an “outperform” rating for the company in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $27.86.
In other news, Director James F. Deutsch sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $25.31, for a total value of $2,531,000.00. Following the completion of the sale, the director now directly owns 500 shares of the company’s stock, valued at approximately $12,655. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James F. Deutsch sold 300,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 500 shares of the company’s stock, 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 valued at $18,727,028 over the last three months. 3.74% of the stock is currently owned by company insiders.
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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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