Sterling Bancorp (STL) Earns Daily Coverage Optimism Rating of 0.09
News stories about Sterling Bancorp (NYSE:STL) have trended somewhat positive on Thursday, Accern Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sterling Bancorp earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 45.9441281856541 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- Reviewing Sterling Bancorp (STL) and The Competition (americanbankingnews.com)
- Sterling Bancorp (STL) PT Lowered to $29.00 at Royal Bank Of Canada (americanbankingnews.com)
- Sterling Bancorp and Astoria Financial Corporation Complete Merger (globenewswire.com)
- After Hours Most Active for Sep 29, 2017 : STL, OIS, SIX, MU, AF, INTC, T, QQQ, KEM, ANGI, MSFT, CSCO – Nasdaq (nasdaq.com)
- Investors should Buy on Financial Stock: Sterling Bancorp (STL) – Street Observer (press release) (streetobserver.com)
A number of equities analysts have recently issued reports on STL shares. BidaskClub upgraded Sterling Bancorp from a “sell” rating to a “hold” rating in a report on Monday, July 3rd. Zacks Investment Research cut Sterling Bancorp from a “buy” rating to a “hold” rating in a report on Friday, August 25th. ValuEngine cut Sterling Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Sterling Bancorp in a report on Thursday, September 7th. Finally, Royal Bank Of Canada cut their price objective on Sterling Bancorp from $30.00 to $29.00 and set an “outperform” rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $27.31.
Shares of Sterling Bancorp (STL) opened at 24.10 on Thursday. Sterling Bancorp has a one year low of $16.75 and a one year high of $25.85. The stock has a market capitalization of $3.27 billion, a PE ratio of 20.10 and a beta of 1.07. The company’s 50-day moving average price is $22.84 and its 200 day moving average price is $22.94.
Sterling Bancorp (NYSE:STL) last issued 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. Sterling Bancorp had a return on equity of 8.62% and a net margin of 28.40%. The company had revenue of $126.88 million for the quarter, compared to analysts’ expectations of $133.85 million. Analysts anticipate that Sterling Bancorp will post $0.69 EPS for the current year.
In related news, Director Burt Steinberg acquired 10,000 shares of Sterling Bancorp stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $21.88 per share, with a total value of $218,800.00. Following the completion of the purchase, the director now directly owns 135,146 shares of the company’s stock, valued at approximately $2,956,994.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard L. O’toole acquired 4,000 shares of Sterling Bancorp stock in a transaction on Thursday, July 27th. The shares were bought at an average cost of $22.60 per share, for a total transaction of $90,400.00. Following the completion of the purchase, the director now directly owns 21,291 shares of the company’s stock, valued at $481,176.60. The disclosure for this purchase can be found here. 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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