News headlines about Sterling Bancorp (NYSE:STL) have been trending somewhat positive this week, according to Accern. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sterling Bancorp earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 45.6578218822797 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern’s analysis:
STL stock traded down $0.70 during midday trading on Friday, reaching $21.70. 2,559,154 shares of the company’s stock traded hands, compared to its average volume of 1,996,778. Sterling Bancorp has a 1-year low of $21.00 and a 1-year high of $26.50. The stock has a market capitalization of $4,877.79, a price-to-earnings ratio of 15.72 and a beta of 1.12. 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 released its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.01. The firm had revenue of $265.00 million during the quarter, compared to analysts’ expectations of $267.08 million. Sterling Bancorp had a return on equity of 8.93% and a net margin of 12.46%. Sterling Bancorp’s quarterly revenue was up 115.3% compared to the same quarter last year. equities analysts expect that Sterling Bancorp will post 1.9 earnings per share for the current fiscal year.
A number of analysts have commented on the company. Zacks Investment Research upgraded Sterling Bancorp from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective for the company in a research report on Tuesday, January 2nd. Jefferies Group restated a “buy” rating and set a $30.00 target price on shares of Sterling Bancorp in a research report on Thursday, January 25th. Keefe, Bruyette & Woods restated a “buy” rating and set a $33.50 target price on shares of Sterling Bancorp in a research report on Tuesday, February 27th. Finally, Maxim Group raised their target price on Sterling Bancorp from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Sterling Bancorp has an average rating of “Hold” and a consensus price target of $28.84.
In other news, Director James F. Deutsch sold 200,000 shares of Sterling Bancorp 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 completion of the sale, the director now directly owns 500 shares of the company’s stock, valued at approximately $12,610. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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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