Press coverage about Sterling Bancorp (NYSE:STL) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news 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 daily sentiment score of 0.04 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 31 out of 100, indicating that recent news coverage is unlikely to have an impact on the stock’s share price in the next few days.
Several research analysts have weighed in on the company. Hovde Group upgraded Sterling Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 price target for the company in a report on Wednesday, March 8th. Zacks Investment Research downgraded Sterling Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. BidaskClub upgraded Sterling Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. FBR & Co set a $25.00 price target on Sterling Bancorp and gave the company a “hold” rating in a report on Thursday, May 4th. Finally, Maxim Group boosted their price target on Sterling Bancorp from $28.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, March 8th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Sterling Bancorp presently has a consensus rating of “Buy” and a consensus target price of $27.21.
Shares of Sterling Bancorp (STL) traded down 1.32% during mid-day trading on Friday, hitting $22.50. 2,494,685 shares of the stock traded hands. Sterling Bancorp has a 52 week low of $14.55 and a 52 week high of $25.85. The stock has a 50-day moving average of $22.72 and a 200-day moving average of $23.54. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 19.12 and a beta of 1.04.
Sterling Bancorp (NYSE:STL) last issued its quarterly earnings results on Tuesday, April 25th. The financial services provider reported $0.31 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.31. The business had revenue of $121.63 million during the quarter, compared to the consensus estimate of $127.81 million. Sterling Bancorp had a net margin of 28.23% and a return on equity of 8.36%. Analysts anticipate that Sterling Bancorp will post $0.69 EPS for the current year.
In other Sterling Bancorp news, Director Craig S. Thompson sold 3,500 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $22.75, for a total value of $79,625.00. Following the completion of the sale, the director now owns 225,395 shares in the company, valued at approximately $5,127,736.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James F. Deutsch sold 200,000 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $23.05, for a total transaction of $4,610,000.00. Following the completion of the sale, the director now owns 500 shares of the company’s stock, valued at approximately $11,525. The disclosure for this sale can be found here. In the last 90 days, insiders sold 211,500 shares of company stock valued at $4,875,795. 3.74% of the stock is owned by insiders.
About Sterling Bancorp
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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