Sterling Bancorp (NYSE:STL) Earning Somewhat Favorable News Coverage, Study Shows

Media headlines 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 publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sterling Bancorp earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 47.0205670594989 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news articles that may have impacted Accern’s analysis:

Shares of Sterling Bancorp (STL) traded up $0.05 during mid-day trading on Monday, reaching $23.55. 2,440,400 shares of the company’s stock traded hands, compared to its average volume of 1,607,463. 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 firm has a market capitalization of $5,291.85, a P/E ratio of 18.26 and a beta of 1.05. Sterling Bancorp has a 1 year low of $19.86 and a 1 year high of $25.85.

Sterling Bancorp (NYSE:STL) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01). The company had revenue of $134.06 million for the quarter, compared to analyst estimates of $135.09 million. Sterling Bancorp had a return on equity of 9.08% and a net margin of 28.58%. The company’s revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the business earned $0.29 earnings per share. research analysts forecast that Sterling Bancorp will post 1.38 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 6th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $0.28 dividend on an annualized basis and a yield of 1.19%. Sterling Bancorp’s dividend payout ratio (DPR) is 22.58%.

A number of equities research analysts have weighed in on the company. BidaskClub lowered Sterling Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded Sterling Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Friday, September 8th. Maxim Group reissued a “buy” rating and issued a $30.00 price objective on shares of Sterling Bancorp in a research note on Wednesday, July 26th. Royal Bank Of Canada lowered their price target on Sterling Bancorp from $30.00 to $29.00 and set an “outperform” rating on the stock in a report on Tuesday, October 3rd. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $29.00 target price on shares of Sterling Bancorp in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Sterling Bancorp currently has a consensus rating of “Buy” and a consensus price target of $27.69.

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In related news, Director James F. Deutsch sold 300,000 shares of the company’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 sale, the director now owns 500 shares in the company, valued at approximately $12,655. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas G. Kahn sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $23.69, for a total transaction of $710,700.00. Following the sale, the director now owns 44,774 shares in the company, valued at $1,060,696.06. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 489,135 shares of company stock worth $12,259,133. Insiders own 3.74% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Sterling Bancorp (NYSE:STL)

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