Sterling Bancorp (NYSE: STL) has recently received a number of price target changes and ratings updates:

  • 4/12/2017 – Sterling Bancorp had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $29.00 price target on the stock.
  • 4/11/2017 – Sterling Bancorp is now covered by analysts at FBR & Co. They set a “mkt perform” rating and a $25.00 price target on the stock.
  • 4/10/2017 – Sterling Bancorp had its “marketperform” rating reaffirmed by analysts at FBR & Co.
  • 4/5/2017 – Sterling Bancorp is now covered by analysts at Stephens. They set an “overweight” rating on the stock.
  • 3/13/2017 – Sterling Bancorp had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $29.00 price target on the stock.
  • 3/9/2017 – Sterling Bancorp was upgraded by analysts at Sandler O’Neill from a “hold” rating to a “buy” rating.
  • 3/8/2017 – Sterling Bancorp had its price target raised by analysts at Maxim Group from $28.00 to $30.00. They now have a “buy” rating on the stock.
  • 3/8/2017 – Sterling Bancorp was upgraded by analysts at Hovde Group from a “market perform” rating to an “outperform” rating. They now have a $27.00 price target on the stock.

Sterling Bancorp (NYSE:STL) traded down 0.21% during midday trading on Friday, hitting $23.40. 691,527 shares of the stock traded hands. Sterling Bancorp has a 12 month low of $14.55 and a 12 month high of $25.85. The firm has a market cap of $3.17 billion, a PE ratio of 21.87 and a beta of 1.05. The company’s 50 day moving average price is $23.70 and its 200 day moving average price is $22.42.

Sterling Bancorp (NYSE:STL) last issued its earnings results on Tuesday, January 24th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. Sterling Bancorp had a return on equity of 8.05% and a net margin of 26.28%. The business earned $123.31 million during the quarter, compared to the consensus estimate of $125.25 million. During the same period last year, the company earned $0.26 EPS. Equities research analysts predict that Sterling Bancorp will post $0.69 earnings per share for the current fiscal year.

In other Sterling Bancorp news, Director Thomas G. Kahn sold 1,475 shares of the firm’s stock in a transaction on Tuesday, January 31st. The stock was sold at an average price of $23.70, for a total value of $34,957.50. Following the completion of the sale, the director now directly owns 44,648 shares of the company’s stock, valued at approximately $1,058,157.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Craig S. Thompson sold 16,000 shares of the firm’s stock in a transaction on Thursday, January 26th. The stock was sold at an average price of $24.45, for a total value of $391,200.00. Following the completion of the sale, the director now directly owns 237,395 shares of the company’s stock, valued at $5,804,307.75. The disclosure for this sale can be found here. Insiders sold a total of 137,794 shares of company stock valued at $3,317,321 over the last ninety days. Corporate insiders own 4.04% of the company’s stock.

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.

5 Day Chart for NYSE:STL

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