Somewhat Positive Media Coverage Somewhat Unlikely to Affect Sterling Bancorp (STL) Stock Price

News articles about Sterling Bancorp (NYSE:STL) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing 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 0.08 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 45.8902319070564 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the media stories that may have effected Accern Sentiment’s scoring:

A number of brokerages have recently weighed in on STL. Zacks Investment Research raised shares of Sterling Bancorp from a “hold” rating to a “strong-buy” rating and set a $29.00 price target on the stock in a research report on Tuesday, January 2nd. JMP Securities began 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 objective on the stock. Maxim Group reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Sterling Bancorp in a research report on Wednesday, October 25th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Sterling Bancorp in a research report on Thursday, October 12th. Finally, Royal Bank of Canada cut their price objective on shares of Sterling Bancorp from $30.00 to $29.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $27.59.

Sterling Bancorp (NYSE:STL) traded down $0.10 on Monday, reaching $25.10. 1,193,647 shares of the company traded hands, compared to its average volume of 1,929,160. The company has a market cap of $5,662.62, a PE ratio of 20.24 and a beta of 1.04. Sterling Bancorp has a 1-year low of $21.00 and a 1-year high of $26.50. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.76.

Sterling Bancorp (NYSE:STL) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.01). The company had revenue of $134.06 million during the quarter, compared to the consensus estimate of $135.09 million. Sterling Bancorp had a net margin of 28.58% and a return on equity of 9.08%. The company’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.29 earnings per share. equities research analysts predict that Sterling Bancorp will post 1.39 EPS for the current fiscal year.

In other Sterling Bancorp news, Director James F. Deutsch sold 300,000 shares of Sterling Bancorp stock in a transaction on 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 directly owns 500 shares in the company, valued at approximately $12,655. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jack L. Kopnisky sold 54,100 shares of Sterling Bancorp stock in a transaction on Monday, October 30th. The shares were sold at an average price of $24.71, for a total transaction of $1,336,811.00. Following the completion of the sale, the chief executive officer now owns 231,765 shares in the company, valued at $5,726,913.15. The disclosure for this sale can be found here. Insiders sold a total of 753,635 shares of company stock worth $18,727,028 over the last quarter. Company insiders own 3.74% of the company’s stock.

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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.

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

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