Sterling Bancorp (STL) Receiving Somewhat Favorable Media Coverage, Report Finds
Media headlines about Sterling Bancorp (NYSE:STL) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sterling Bancorp earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.4206241515925 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Sterling Bancorp (STL) traded down 1.08% during mid-day trading on Tuesday, reaching $22.85. The company’s stock had a trading volume of 410,252 shares. The firm has a 50 day moving average price of $22.60 and a 200-day moving average price of $23.49. The company has a market capitalization of $3.10 billion, a PE ratio of 19.41 and a beta of 1.08. Sterling Bancorp has a 1-year low of $16.43 and a 1-year high of $25.85.
Sterling Bancorp (NYSE:STL) last posted its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $0.31 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.31. Sterling Bancorp had a return on equity of 8.36% and a net margin of 28.23%. The company had revenue of $121.63 million for the quarter, compared to the consensus estimate of $127.81 million. On average, equities analysts predict that Sterling Bancorp will post $0.69 EPS for the current fiscal year.
Several research analysts have issued reports on STL shares. Stephens started coverage on Sterling Bancorp in a research report on Wednesday, April 5th. They issued an “overweight” rating for the company. FBR & Co set a $25.00 price objective on Sterling Bancorp and gave the stock a “hold” rating in a research report on Thursday, May 4th. Royal Bank Of Canada reiterated a “buy” rating on shares of Sterling Bancorp in a research report on Tuesday, May 30th. ValuEngine upgraded Sterling Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, May 20th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $28.00 price objective on shares of Sterling Bancorp in a research report on Friday, May 19th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $27.21.
In other news, Director Thomas G. Kahn sold 2,000 shares of the business’s stock in a transaction on Friday, June 16th. The stock was sold at an average price of $23.53, for a total value of $47,060.00. Following the sale, the director now owns 44,648 shares of the company’s stock, valued at approximately $1,050,567.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James F. Deutsch sold 200,000 shares of the business’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $23.05, for a total value of $4,610,000.00. Following the completion of the sale, the director now directly owns 500 shares in the company, valued at approximately $11,525. The disclosure for this sale can be found here. Insiders sold a total of 211,500 shares of company stock worth $4,875,795 in the last three months. Company 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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