Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Sterling Bancorp (STL) Stock Price
Media stories about Sterling Bancorp (NYSE:STL) have trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Sterling Bancorp earned a news impact score of 0.20 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.4719385049407 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- After Yesterday’s Decline of 1.35%, Sterling Bancorp Offers Investors Better Value (mysmartrend.com)
- Sterling Bancorp (NYSE:STL) Sees Significantly Higher Trading Volume (highlightpress.com)
- Sterling Bancorp (STL) Director Acquires $218,800.00 in Stock (americanbankingnews.com)
- Sterling Bancorp Breaks Below 200-Day Moving Average – Notable for STL (nasdaq.com)
Sterling Bancorp (STL) traded down 0.90% during midday trading on Friday, reaching $22.00. 1,971,908 shares of the company traded hands. The firm has a market capitalization of $2.98 billion, a PE ratio of 18.35 and a beta of 1.07. Sterling Bancorp has a 12 month low of $16.75 and a 12 month high of $25.85. The company’s 50-day moving average price is $22.96 and its 200 day moving average price is $23.37.
Sterling Bancorp (NYSE:STL) last announced its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.33 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.33. The business had revenue of $126.88 million for the quarter, compared to analyst estimates of $133.85 million. Sterling Bancorp had a net margin of 28.40% and a return on equity of 8.62%. On average, equities analysts anticipate that Sterling Bancorp will post $0.69 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 7th will be issued a dividend of $0.07 per share. The ex-dividend date is Thursday, August 3rd. This represents a $0.28 annualized dividend and a dividend yield of 1.27%. Sterling Bancorp’s payout ratio is currently 23.33%.
Several equities research analysts recently issued reports on STL shares. Zacks Investment Research cut shares of Sterling Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. BidaskClub cut shares of Sterling Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. FBR & Co set a $25.00 price objective on shares of Sterling Bancorp and gave the stock a “hold” rating in a research report on Thursday, May 4th. ValuEngine upgraded shares of Sterling Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, May 20th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Sterling Bancorp in a research report on Tuesday, May 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $27.07.
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In other news, Director Craig S. Thompson sold 2,000 shares of the stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $21.62, for a total transaction of $43,240.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel James P. Blose sold 3,000 shares of the stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $24.00, for a total transaction of $72,000.00. Following the transaction, the general counsel now owns 18,433 shares in the company, valued at $442,392. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,500 shares of company stock worth $241,925. Insiders own 3.74% of the company’s stock.
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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