Headlines about Sterling Bancorp (NYSE:STL) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sterling Bancorp earned a news impact score of 0.17 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 45.6578218822797 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.
Several equities research analysts have recently issued reports on STL shares. JMP Securities started coverage on Sterling Bancorp in a research report on Monday, November 20th. They issued a “market perform” rating and a $25.85 price target on the stock. Zacks Investment Research downgraded Sterling Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $33.50 price target on shares of Sterling Bancorp in a research report on Tuesday, February 27th. Jefferies Group reaffirmed a “buy” rating and issued a $30.00 price target on shares of Sterling Bancorp in a research report on Thursday, January 25th. Finally, Maxim Group raised their price target on Sterling Bancorp from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $29.19.
Shares of Sterling Bancorp (NYSE:STL) traded up $0.15 during trading hours on Friday, hitting $25.05. The stock had a trading volume of 5,189,498 shares, compared to its average volume of 1,916,925. The firm has a market capitalization of $5,600.00, a P/E ratio of 26.37 and a beta of 1.09. Sterling Bancorp has a 12 month low of $21.00 and a 12 month high of $26.50. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.25.
Sterling Bancorp (NYSE:STL) last issued its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01. Sterling Bancorp had a return on equity of 8.93% and a net margin of 12.46%. The company had revenue of $265.00 million for the quarter, compared to the consensus estimate of $267.08 million. The firm’s quarterly revenue was up 115.3% on a year-over-year basis. research analysts predict that Sterling Bancorp will post 1.88 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Monday, February 5th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Friday, February 2nd. Sterling Bancorp’s payout ratio is presently 29.47%.
In related news, Director James F. Deutsch sold 200,000 shares of the stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $25.22, for a total value of $5,044,000.00. Following the completion of the sale, the director now owns 500 shares in the company, valued at $12,610. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.74% of the stock is currently owned by company insiders.
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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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