News stories about Sterling Bancorp (NYSE:STL) have been trending positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sterling Bancorp earned a media sentiment score of 0.38 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 10 out of 100, indicating that recent press coverage is extremely 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 Sentiment Analysis’s rankings:
- Kevin King Joins Sterling National Bank’s Public Sector Finance Team (finance.yahoo.com)
- Sterling Bancorp (STL) Cut to Hold at Zacks Investment Research (americanbankingnews.com)
- James P. Blose Sells 3000 Shares of Sterling Bancorp (STL) Stock (campdesrecrues.com)
- Investors are Watching Technical Levels on Shares of Diodes Inc (DIOD) (healthcaremenu.net)
- James P. Blose Sells 3,000 Shares of Sterling Bancorp (STL) Stock (americanbankingnews.com)
Shares of Sterling Bancorp (STL) traded down 1.07% during midday trading on Tuesday, hitting $23.20. The company had a trading volume of 796,584 shares. Sterling Bancorp has a 12 month low of $14.55 and a 12 month high of $25.85. The company has a market capitalization of $3.15 billion, a PE ratio of 19.71 and a beta of 1.04. The company has a 50-day moving average of $22.72 and a 200-day moving average of $23.54.
Sterling Bancorp (NYSE:STL) last announced its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. The business had revenue of $121.63 million for the quarter, compared to analysts’ expectations of $127.81 million. Sterling Bancorp had a return on equity of 8.36% and a net margin of 28.23%. Analysts predict that Sterling Bancorp will post $0.69 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 22nd. Shareholders of record on Monday, May 8th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Thursday, May 4th. Sterling Bancorp’s payout ratio is 23.73%.
A number of research firms have weighed in on STL. Zacks Investment Research downgraded Sterling Bancorp from a “buy” rating to a “hold” rating in a report on Saturday. BidaskClub raised Sterling Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Maxim Group raised their price objective on Sterling Bancorp from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, March 8th. FBR & Co assumed coverage on Sterling Bancorp in a report on Tuesday, April 11th. They set a “mkt perform” rating and a $25.00 price target for the company. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $29.00 price target on shares of Sterling Bancorp in a report on Wednesday, April 12th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Sterling Bancorp presently has a consensus rating of “Buy” and a consensus price target of $27.21.
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In related news, Director Craig S. Thompson sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $22.75, for a total transaction of $79,625.00. Following the transaction, the director now owns 225,395 shares of the company’s stock, valued at $5,127,736.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James F. Deutsch sold 200,000 shares of Sterling Bancorp stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $23.05, for a total value of $4,610,000.00. Following the completion of the sale, the director now directly owns 500 shares in the company, valued at approximately $11,525. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 209,500 shares of company stock worth $4,828,735. Corporate 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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