Sterling Bancorp (STL) Getting Somewhat Favorable News Coverage, Accern Reports

Media coverage about Sterling Bancorp (NYSE:STL) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sterling Bancorp earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.1791221547612 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news headlines that may have effected Accern Sentiment’s scoring:

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NYSE STL opened at $21.70 on Friday. Sterling Bancorp has a 1-year low of $21.00 and a 1-year high of $26.50. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $5,035.13, a PE ratio of 15.50 and a beta of 1.12.

Sterling Bancorp (NYSE:STL) last posted its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01. Sterling Bancorp had a net margin of 12.46% and a return on equity of 8.93%. The business had revenue of $265.00 million for the quarter, compared to the consensus estimate of $267.08 million. The firm’s revenue for the quarter was up 115.3% compared to the same quarter last year. sell-side analysts predict that Sterling Bancorp will post 1.9 EPS for the current year.

A number of research firms have recently weighed in on STL. Jefferies Group reaffirmed a “buy” rating and issued a $30.00 price target on shares of Sterling Bancorp in a research note on Thursday, January 25th. Maxim Group upped their price target on shares of Sterling Bancorp from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $34.00 price target on shares of Sterling Bancorp in a research note on Thursday. Finally, Zacks Investment Research downgraded shares of Sterling Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, March 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $28.84.

In other Sterling Bancorp news, Director James F. Deutsch sold 200,000 shares of the stock in a transaction on Friday, March 9th. The shares were sold at an average price of $25.22, for a total transaction of $5,044,000.00. Following the transaction, the director now directly owns 500 shares of the company’s stock, valued at $12,610. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate 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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