Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Sterling Bancorp (STL) Share Price

Media headlines about Sterling Bancorp (NYSE:STL) have trended somewhat positive recently, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sterling Bancorp earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 45.7375865310429 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media stories that may have impacted Accern Sentiment’s rankings:

Several equities analysts have commented on STL shares. Zacks Investment Research cut shares of Sterling Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th. ValuEngine cut shares of Sterling Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. JMP Securities started 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 target for the company. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Sterling Bancorp in a research report on Thursday, September 7th. Finally, Royal Bank of Canada decreased their price target on shares of Sterling Bancorp from $30.00 to $29.00 and set an “outperform” rating for the company in a research report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $27.48.

Sterling Bancorp (NYSE STL) traded down $0.08 during trading on Wednesday, hitting $25.07. 1,588,661 shares of the stock traded hands, compared to its average volume of 1,666,396. The stock has a market cap of $5,650.00, a PE ratio of 20.22 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 current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.76.

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

In related news, 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 sale, the chief executive officer now directly owns 231,765 shares in the company, valued at approximately $5,726,913.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James F. Deutsch sold 300,000 shares of Sterling Bancorp stock in a transaction on Friday, October 27th. The stock was sold at an average price of $25.31, for a total transaction of $7,593,000.00. Following the sale, the director now owns 500 shares in the company, valued at $12,655. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 753,635 shares of company stock valued at $18,727,028. Corporate 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.

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