Sterling Bancorp (STL) to Release Earnings on Tuesday
Sterling Bancorp (NYSE:STL) is scheduled to post its quarterly earnings results after the market closes on Tuesday, July 25th.
Sterling Bancorp (NYSE:STL) last issued its earnings results on Tuesday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31. The business had revenue of $121.63 million during the quarter, compared to analysts’ expectations of $127.81 million. Sterling Bancorp had a net margin of 28.23% and a return on equity of 8.36%. On average, analysts expect Sterling Bancorp to post $0.69 EPS for the current fiscal year and $1.71 EPS for the next fiscal year.
Sterling Bancorp (STL) opened at 23.10 on Tuesday. The firm has a 50-day moving average of $22.60 and a 200 day moving average of $23.49. Sterling Bancorp has a one year low of $16.43 and a one year high of $25.85. The stock has a market capitalization of $3.13 billion, a PE ratio of 19.63 and a beta of 1.08.
STL has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Sterling Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. BidaskClub cut shares of Sterling Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. FBR & Co set a $25.00 price objective on shares of Sterling Bancorp and gave the company a “hold” rating in a research report on Thursday, May 4th. ValuEngine raised shares of Sterling Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, May 20th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Sterling Bancorp in a research report on Tuesday, May 30th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $27.21.
In other Sterling Bancorp news, General Counsel James P. Blose sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $24.00, for a total transaction of $72,000.00. Following the completion of the transaction, the general counsel now directly owns 18,433 shares of the company’s stock, valued at approximately $442,392. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas G. Kahn sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $23.53, for a total transaction of $47,060.00. Following the transaction, the director now directly owns 44,648 shares of the company’s stock, valued at $1,050,567.44. The disclosure for this sale can be found here. Insiders have sold a total of 211,500 shares of company stock valued at $4,875,795 over the last three months. 3.74% of the stock is currently owned by insiders.
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.
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