Media stories about Sterling Bancorp (NYSE:STL) have been trending positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sterling Bancorp earned a daily sentiment score of 0.25 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 47.1992895166444 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Sterling Bancorp (NYSE:STL) traded up $0.20 during midday trading on Thursday, reaching $23.90. 1,151,341 shares of the company’s stock traded hands, compared to its average volume of 2,005,261. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $5,214.96, a price-to-earnings ratio of 31.04 and a beta of 1.06. Sterling Bancorp has a 52 week low of $21.00 and a 52 week high of $26.50.
Sterling Bancorp (NYSE:STL) last posted its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. The company had revenue of $265.00 million during the quarter, compared to analyst estimates of $267.08 million. Sterling Bancorp had a net margin of 12.46% and a return on equity of 8.93%. Sterling Bancorp’s revenue was up 115.3% compared to the same quarter last year. research analysts anticipate that Sterling Bancorp will post 1.88 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, February 5th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Friday, February 2nd. Sterling Bancorp’s payout ratio is 36.36%.
Several equities research analysts recently weighed in on the stock. Maxim Group boosted their price target on shares of Sterling Bancorp from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Jefferies Group restated a “buy” rating and issued a $30.00 price target on shares of Sterling Bancorp in a research report on Thursday, January 25th. JMP Securities assumed coverage on shares of 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. Finally, Zacks Investment Research cut shares of Sterling Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $28.36.
In other Sterling Bancorp news, Director Monte N. Redman sold 165,000 shares of Sterling Bancorp stock in a transaction on Friday, November 24th. The shares were sold at an average price of $23.93, for a total transaction of $3,948,450.00. Following the completion of the transaction, the director now directly owns 428,077 shares of the company’s stock, valued at $10,243,882.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James F. Deutsch sold 100,000 shares of Sterling Bancorp stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $25.31, for a total transaction of $2,531,000.00. Following the transaction, 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. 3.74% of the stock is owned by 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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