News articles about Sterling Bancorp (NYSE:STL) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than twenty 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 news sentiment score of 0.07 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 45.8367424450397 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the news stories that may have effected Accern Sentiment’s rankings:

A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Sterling Bancorp from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Saturday, September 16th. JMP Securities assumed coverage on shares of Sterling Bancorp in a research note on Monday, November 20th. They set a “market perform” rating and a $25.85 price target for the company. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Sterling Bancorp in a research note on Thursday, September 7th. ValuEngine cut shares of Sterling Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Finally, Maxim Group reaffirmed a “buy” rating and set a $30.00 price target on shares of Sterling Bancorp in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. Sterling Bancorp currently has a consensus rating of “Buy” and a consensus price target of $27.48.

Shares of Sterling Bancorp (NYSE STL) traded down $0.35 on Friday, hitting $24.60. 1,781,597 shares of the stock traded hands, compared to its average volume of 2,182,654. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $5,527.79, a PE ratio of 19.84 and a beta of 1.04. Sterling Bancorp has a 52-week low of $21.00 and a 52-week high of $26.50.

Sterling Bancorp (NYSE:STL) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). Sterling Bancorp had a net margin of 28.58% and a return on equity of 9.08%. The company had revenue of $134.06 million for the quarter, compared to analyst estimates of $135.09 million. During the same quarter in the previous year, the company posted $0.29 EPS. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. equities analysts expect that Sterling Bancorp will post 1.39 earnings per share for the current fiscal year.

In other news, Director James F. Deutsch sold 100,000 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $25.31, for a total value of $2,531,000.00. Following the completion of the sale, the director now directly owns 500 shares in the company, valued at $12,655. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jack L. Kopnisky sold 54,100 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 231,765 shares of the company’s stock, valued at $5,726,913.15. The disclosure for this sale can be found here. Insiders have sold 753,635 shares of company stock worth $18,727,028 over the last three months. 3.74% of the stock is currently owned by insiders.

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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.

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

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