Sterling Bancorp (NYSE:STL) will announce its earnings results after the market closes on Wednesday, July 24th. Analysts expect the company to announce earnings of $0.53 per share for the quarter.
Sterling Bancorp (NYSE:STL) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The company had revenue of $263.90 million for the quarter, compared to analyst estimates of $262.59 million. Sterling Bancorp had a return on equity of 10.57% and a net margin of 33.40%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 EPS. 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 STL stock opened at $20.90 on Tuesday. The company has a fifty day moving average price of $20.84. The company has a quick ratio of 0.95, a current ratio of 0.97 and a debt-to-equity ratio of 0.87. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of 10.45 and a beta of 1.34. Sterling Bancorp has a fifty-two week low of $15.62 and a fifty-two week high of $23.50.
In related news, CAO Rodney Whitwell sold 54,528 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $20.99, for a total transaction of $1,144,542.72. Following the completion of the sale, the chief accounting officer now directly owns 91,252 shares of the company’s stock, valued at approximately $1,915,379.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Javier L. Evan sold 1,533 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $20.60, for a total value of $31,579.80. Following the sale, the insider now directly owns 24,168 shares of the company’s stock, valued at $497,860.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,396 shares of company stock worth $3,043,774. Insiders own 1.67% of the company’s stock.
Sterling Bancorp Company Profile
Sterling Bancorp operates as the bank holding company for Sterling National Bank that provides various banking products and services to commercial, consumer, and municipal clients in the United States. The company accepts deposit products, including checking, savings, money market, time, and interest and non-interest bearing demand deposits, as well as certificates of deposit and mortgage escrow funds.
Further Reading: Percentage Decliners
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