News articles about Sterling Bancorp (NYSE:STL) have been trending positive this week, according to Alpha One Sentiment. Alpha One, a service of Accern, ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sterling Bancorp earned a daily sentiment score of 0.36 on Alpha One’s scale. Alpha One also assigned news articles about the financial services provider an impact score of 56 out of 100, indicating that recent media coverage is somewhat likely to have an effect on the stock’s share price in the near term.
Here are some of the media stories that may have effected Alpha One’s rankings:
- Rising oil, metals prices help commodity stocks buck the losing trend in Europe (finance.yahoo.com)
- Sterling Bancorp (STL) Expected to Post Earnings of $0.33 Per Share (americanbankingnews.com)
- BRIEF-Sterling Bancorp provides update to release of CRA supervisory information and pending Astoria merger (feeds.reuters.com)
- Sterling Bancorp Provides Update to Release of CRA Supervisory Information and Pending Astoria Merger (finance.yahoo.com)
Sterling Bancorp (NYSE:STL) opened at 22.80 on Wednesday. The stock has a 50 day moving average of $23.28 and a 200 day moving average of $23.24. The company has a market cap of $3.09 billion, a PE ratio of 19.37 and a beta of 1.05. Sterling Bancorp has a one year low of $14.55 and a one year high of $25.85.
Sterling Bancorp (NYSE:STL) last announced its quarterly earnings data 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 company had revenue of $121.63 million for the quarter, compared to the consensus estimate of $127.81 million. Sterling Bancorp had a return on equity of 8.05% and a net margin of 26.28%. On average, analysts anticipate that Sterling Bancorp will post $0.69 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 22nd. Shareholders of record on Monday, May 8th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, May 4th. Sterling Bancorp’s dividend payout ratio (DPR) is presently 26.17%.
A number of brokerages have commented on STL. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $29.00 price target on shares of Sterling Bancorp in a research report on Wednesday, April 12th. FBR & Co began coverage on shares of Sterling Bancorp in a research report on Tuesday, April 11th. They set a “mkt perform” rating and a $25.00 price target on the stock. Stephens began coverage on shares of Sterling Bancorp in a research report on Wednesday, April 5th. They set an “overweight” rating on the stock. Sandler O’Neill upgraded shares of Sterling Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, March 9th. Finally, Hovde Group upgraded shares of Sterling Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 price target on the stock in a research report on Wednesday, March 8th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Sterling Bancorp currently has an average rating of “Buy” and a consensus target price of $26.36.
In other Sterling Bancorp news, Director James F. Deutsch sold 200,000 shares of the company’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $23.05, for a total value of $4,610,000.00. Following the transaction, the director now owns 500 shares of the company’s stock, valued at approximately $11,525. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Craig S. Thompson sold 2,000 shares of the company’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $24.81, for a total value of $49,620.00. Following the completion of the transaction, the director now directly owns 229,895 shares in the company, valued at approximately $5,703,694.95. The disclosure for this sale can be found here. Insiders sold a total of 229,874 shares of company stock worth $5,348,744 in the last ninety days. 4.04% of the stock is currently owned by corporate insiders.
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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