Sterling Bancorp Now Covered by Raymond James (STL)
Investment analysts at Raymond James started coverage on shares of Sterling Bancorp (NYSE:STL) in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Separately, analysts at Guggenheim initiated coverage on shares of Sterling Bancorp in a research note on Friday, June 6th. They set a “buy” rating and a $14.00 price target on the stock.
Shares of Sterling Bancorp (NYSE:STL) opened at 12.23 on Thursday. Sterling Bancorp has a 1-year low of $9.89 and a 1-year high of $13.52. The stock has a 50-day moving average of $11.65 and a 200-day moving average of $12.34. The company has a market cap of $927.5 million and a price-to-earnings ratio of 93.56.
Sterling Bancorp (NYSE:STL) last announced its earnings results on Wednesday, April 30th. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.17 by $0.05. On average, analysts predict that Sterling Bancorp will post $0.45 earnings per share for the current fiscal year.
Sterling Bancorp is a bank holding company and a financial holding company. The Company and its subsidiaries provide banking and related financial services and products to customers primarily in New York, New Jersey and Connecticut (NYSE:STL).
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