Sterling Bancorp (NASDAQ:SBT) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokerages have set a one year consensus target price of $14.00 for the company and are expecting that the company will post $0.28 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Sterling Bancorp an industry rank of 183 out of 256 based on the ratings given to its competitors.

Several brokerages have weighed in on SBT. Piper Jaffray Companies began coverage on Sterling Bancorp in a report on Tuesday, March 19th. They set an “overweight” rating and a $14.00 price objective for the company. ValuEngine raised Sterling Bancorp from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 8th.

Sterling Bancorp stock opened at $9.68 on Monday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.21. Sterling Bancorp has a 12-month low of $6.65 and a 12-month high of $14.73. The stock has a market capitalization of $503.16 million, a P/E ratio of 8.07 and a beta of 1.26.

Sterling Bancorp (NASDAQ:SBT) last released its quarterly earnings results on Monday, April 29th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.03. The business had revenue of $34.13 million during the quarter, compared to analysts’ expectations of $33.60 million. Sterling Bancorp had a return on equity of 19.55% and a net margin of 33.72%. As a group, sell-side analysts predict that Sterling Bancorp will post 1.15 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Saturday, May 25th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.04 annualized dividend and a yield of 0.41%. Sterling Bancorp’s dividend payout ratio is currently 3.33%.

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in Sterling Bancorp by 1.0% during the 1st quarter. BlackRock Inc. now owns 1,106,244 shares of the company’s stock worth $11,219,000 after purchasing an additional 10,770 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its holdings in Sterling Bancorp by 0.5% during the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 778,700 shares of the company’s stock worth $5,412,000 after purchasing an additional 3,700 shares during the last quarter. Vanguard Group Inc raised its holdings in Sterling Bancorp by 1.9% during the 3rd quarter. Vanguard Group Inc now owns 718,446 shares of the company’s stock worth $8,125,000 after purchasing an additional 13,430 shares during the last quarter. Vanguard Group Inc. raised its holdings in Sterling Bancorp by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 718,446 shares of the company’s stock worth $8,125,000 after purchasing an additional 13,430 shares during the last quarter. Finally, Banc Funds Co. LLC raised its holdings in Sterling Bancorp by 30.6% during the 1st quarter. Banc Funds Co. LLC now owns 563,100 shares of the company’s stock worth $5,710,000 after purchasing an additional 132,100 shares during the last quarter. 31.72% of the stock is owned by hedge funds and other institutional investors.

About Sterling Bancorp

Sterling Bancorp, Inc is a unitary thrift holding company. Its wholly owned subsidiary, Sterling Bank and Trust, F.S.B., has primary branch operations in San Francisco and Los Angeles, California and New York City, and a loan production office in Seattle, Washington. Sterling offers a broad range of loan products to the residential and commercial markets, as well as retail and business banking services.

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