Media coverage about Sterling Bancorp (NYSE:STL) has trended somewhat negative recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sterling Bancorp earned a media sentiment score of 0.00 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.2553002682298 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Sterling Bancorp (NYSE:STL) traded up $0.55 during mid-day trading on Friday, hitting $25.40. The stock had a trading volume of 7,819,600 shares, compared to its average volume of 1,664,448. The stock has a market cap of $5,685.09, a P/E ratio of 19.61 and a beta of 1.04. Sterling Bancorp has a 52-week low of $21.00 and a 52-week high of $26.50. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.76.
Sterling Bancorp (NYSE:STL) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). The firm had revenue of $134.06 million during the quarter, compared to analysts’ expectations of $135.09 million. Sterling Bancorp had a return on equity of 9.08% and a net margin of 28.58%. The business’s quarterly 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. sell-side analysts expect that Sterling Bancorp will post 1.39 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 6th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.10%. Sterling Bancorp’s dividend payout ratio (DPR) is currently 22.58%.
A number of research firms have commented on STL. Zacks Investment Research lowered Sterling Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday. JMP Securities began coverage on Sterling Bancorp in a report on Monday, November 20th. They issued a “market perform” rating and a $25.85 target price for the company. Maxim Group reissued a “buy” rating and issued a $30.00 target price on shares of Sterling Bancorp in a report on Wednesday, October 25th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $29.00 target price on shares of Sterling Bancorp in a report on Thursday, October 12th. Finally, Royal Bank of Canada reduced their target price on Sterling Bancorp from $30.00 to $29.00 and set an “outperform” rating for the company in a report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $27.48.
In other news, Director Thomas G. Kahn sold 30,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $23.69, for a total value of $710,700.00. Following the transaction, the director now directly owns 44,774 shares in the company, valued at approximately $1,060,696.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James F. Deutsch sold 100,000 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $25.31, for a total value of $2,531,000.00. Following the completion of the transaction, the director now owns 500 shares in the company, valued at $12,655. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 754,135 shares of company stock worth $18,738,583. Company 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.
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