Sterling Bancorp (NYSE:STL) is set to issue its quarterly earnings data after the market closes on Tuesday, April 24th. Analysts expect the company to announce earnings of $0.45 per share for the quarter.
Sterling Bancorp (NYSE:STL) last issued its quarterly earnings data 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. The business had revenue of $265.00 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. On average, analysts expect Sterling Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of NYSE STL opened at $22.30 on Tuesday. 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 company has a market cap of $4,990.18, a PE ratio of 15.91 and a beta of 1.12. Sterling Bancorp has a 12-month low of $21.00 and a 12-month high of $26.50.
In other Sterling Bancorp news, Director James F. Deutsch sold 200,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $12,610. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.74% of the company’s stock.
STL has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Sterling Bancorp from a “hold” rating to a “strong-buy” rating and set a $29.00 target price for the company in a research report on Tuesday, January 2nd. Maxim Group upped 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. Jefferies Group restated a “buy” rating and issued a $30.00 target price on shares of Sterling Bancorp in a research report on Thursday, January 25th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $33.50 target price on shares of Sterling Bancorp in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $28.84.
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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