Sterling Financial Corp. (Washington) Stock Rating Lowered by Zacks (STSA)
Sterling Financial Corp. (Washington) (NASDAQ:STSA) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Tuesday, AnalystRatingsNetwork.com reports. They currently have a $28.00 price target on the stock. Zacks‘ price target suggests a potential downside of 5.12% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Sterling Financial Corp. (Washington) from $27.00 to $31.00 in a research note to investors on Monday. They now have a “market perform” rating on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $28.76.
Sterling Financial Corp. (NASDAQ:STSA) traded down 0.30% on Tuesday, hitting $29.42. 237,256 shares of the company’s stock traded hands. Sterling Financial Corp. has a one year low of $19.56 and a one year high of $27.57. The stock has a 50-day moving average of $26.40 and a 200-day moving average of $23.50. The company has a market cap of $1.833 billion and a P/E ratio of 20.18.
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. Analysts expect that Sterling Financial Corp. will post $1.56 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, November 19th. Shareholders of record on Tuesday, November 5th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Friday, November 1st.
Sterling Financial Corporation (NASDAQ:STSA) is a bank holding company for Sterling Savings Bank.
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