News coverage about Sterling Bancorp (NYSE:STL) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sterling Bancorp earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 46.2319244625343 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news articles that may have impacted Accern Sentiment’s analysis:

Several analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Sterling Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. BidaskClub raised shares of Sterling Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. FBR & Co set a $25.00 price target on shares of Sterling Bancorp and gave the company a “hold” rating in a research report on Thursday, May 4th. Maxim Group reissued a “buy” rating and issued a $30.00 price target on shares of Sterling Bancorp in a research report on Wednesday, July 26th. Finally, ValuEngine raised shares of Sterling Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, May 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $27.07.

Sterling Bancorp (STL) opened at 22.20 on Wednesday. The firm’s 50-day moving average price is $22.72 and its 200 day moving average price is $23.25. The company has a market capitalization of $3.01 billion, a PE ratio of 18.52 and a beta of 1.07. Sterling Bancorp has a 52 week low of $16.75 and a 52 week high of $25.85.

Sterling Bancorp (NYSE:STL) last announced its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.33. Sterling Bancorp had a return on equity of 8.62% and a net margin of 28.40%. The business had revenue of $126.88 million for the quarter, compared to the consensus estimate of $133.85 million. Equities research analysts expect that Sterling Bancorp will post $0.69 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 7th were issued a $0.07 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.26%. Sterling Bancorp’s dividend payout ratio is presently 23.33%.

In other news, Director Thomas G. Kahn sold 2,000 shares of Sterling Bancorp 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 transaction, the director now directly owns 44,648 shares in the company, valued at approximately $1,050,567.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel James P. Blose sold 3,000 shares of Sterling Bancorp stock in a transaction on Monday, June 12th. The shares were sold at an average price of $24.00, for a total value of $72,000.00. Following the completion of the transaction, the general counsel now owns 18,433 shares in the company, valued at $442,392. The disclosure for this sale can be found here. Company 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.

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

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