News articles about Sterling Bancorp (NYSE:STL) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sterling Bancorp earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 45.9790981287501 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the news stories that may have effected Accern Sentiment’s analysis:

Shares of Sterling Bancorp (NYSE STL) traded down $0.25 during midday trading on Tuesday, reaching $25.70. 1,601,443 shares of the company’s stock traded hands, compared to its average volume of 1,658,130. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $5,830.00, a P/E ratio of 20.73 and a beta of 1.04. Sterling Bancorp has a twelve month low of $21.00 and a twelve month high of $26.50.

Sterling Bancorp (NYSE:STL) last announced 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 during the quarter, compared to the consensus estimate of $135.09 million. Sterling Bancorp had a return on equity of 9.08% and a net margin of 28.58%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.29 EPS. research analysts predict that Sterling Bancorp will post 1.36 earnings per share for the current fiscal year.

A number of brokerages recently commented on STL. Zacks Investment Research raised shares of Sterling Bancorp from a “hold” rating to a “strong-buy” rating and set a $29.00 price target for the company in a report on Tuesday, January 2nd. JMP Securities began coverage on shares of Sterling Bancorp in a report on Monday, November 20th. They issued a “market perform” rating and a $25.85 price target for the company. Maxim Group reaffirmed a “buy” rating and issued a $30.00 price target on shares of Sterling Bancorp in a report on Wednesday, October 25th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $29.00 price target on shares of Sterling Bancorp in a report on Thursday, October 12th. Finally, Royal Bank of Canada lowered their price target on shares of Sterling Bancorp from $30.00 to $29.00 and set an “outperform” rating for the company in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $27.86.

In other Sterling Bancorp news, EVP Michael E. Finn sold 4,535 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $24.05, for a total value of $109,066.75. Following the completion of the sale, the executive vice president now owns 35,288 shares of the company’s stock, valued at $848,676.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James F. Deutsch sold 300,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now directly owns 500 shares of the company’s stock, valued at approximately $12,655. The disclosure for this sale can be found here. In the last three months, insiders sold 753,635 shares of company stock valued at $18,727,028. 3.74% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for Sterling Bancorp (NYSE:STL)

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