News stories about Sterling Bancorp (NYSE:STL) have trended somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded 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 0.15 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 45.4739420939984 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several research firms have recently commented on STL. Zacks Investment Research downgraded Sterling Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $33.50 price target on shares of Sterling Bancorp in a report on Tuesday, February 27th. Jefferies Group reiterated a “buy” rating and set a $30.00 price target on shares of Sterling Bancorp in a report on Thursday, January 25th. Maxim Group upped their price target on Sterling Bancorp from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Finally, JMP Securities began coverage on Sterling Bancorp in a report on Monday, November 20th. They set a “market perform” rating and a $25.85 price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $29.19.
Shares of Sterling Bancorp (STL) traded down $0.30 during trading on Tuesday, reaching $24.30. The company had a trading volume of 1,469,254 shares, compared to its average volume of 1,906,264. Sterling Bancorp has a 1-year low of $21.00 and a 1-year high of $26.50. The company has a market capitalization of $5,630.81, a P/E ratio of 31.56 and a beta of 1.09. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.00 and a quick ratio of 1.00.
Sterling Bancorp (NYSE:STL) last announced its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, topping 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 business had revenue of $265.00 million during the quarter, compared to the consensus estimate of $267.08 million. The business’s revenue for the quarter was up 115.3% compared to the same quarter last year. sell-side analysts anticipate that Sterling Bancorp will post 1.88 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Monday, February 5th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $0.28 annualized dividend and a yield of 1.15%. Sterling Bancorp’s dividend payout ratio (DPR) is currently 36.36%.
In other Sterling Bancorp news, Director James F. Deutsch sold 200,000 shares of the business’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $25.22, for a total value of $5,044,000.00. Following the transaction, the director now owns 500 shares of the company’s stock, valued at $12,610. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.74% of the stock is currently owned by 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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