Sterling Financial Corp. (Washington) Price Target Raised to $31.00 at Keefe, Bruyette & Woods (STSA)
Equities research analysts at Keefe, Bruyette & Woods upped their price target on shares of Sterling Financial Corp. (Washington) (NASDAQ:STSA) from $27.00 to $31.00 in a research note issued to investors on Monday, Analyst Ratings News reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 5.05% from the stock’s previous close.
Shares of Sterling Financial Corp. (NASDAQ:STSA) traded up 0.20% on Monday, hitting $29.51. 1,039,144 shares of the company’s stock traded hands. Sterling Financial Corp. has a 52-week low of $19.56 and a 52-week high of $27.57. The stock’s 50-day moving average is $26.40 and its 200-day moving average is $23.50. The company has a market cap of $1.839 billion and a price-to-earnings ratio of 20.14.
Sterling Financial Corp. (Washington) (NASDAQ:STSA) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.33 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.41 by $0.08. On average, analysts predict that Sterling Financial Corp. will post $1.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, November 19th. Stockholders of record on Tuesday, November 5th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Friday, November 1st.
A number of other analysts have also recently weighed in on STSA. Analysts at DA Davidson upgraded shares of Sterling Financial Corp. (Washington) from a “neutral” rating to a “buy” rating in a research note to investors on Friday. They now have a $35.60 price target on the stock, up previously from $30.52. Separately, analysts at FBR Capital Markets raised their price target on shares of Sterling Financial Corp. (Washington) from $28.00 to $30.00 in a research note to investors on Tuesday, October 8th. Finally, analysts at FBR Capital Markets reiterated a “marketperform” rating on shares of Sterling Financial Corp. (Washington) in a research note to investors on Monday, October 7th. They now have a $28.00 price target on the stock, down previously from $30.00. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $29.21.
Sterling Financial Corporation (NASDAQ:STSA) is a bank holding company for Sterling Savings Bank.
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