Sterling Bancorp (NYSE:STL) will issue its quarterly earnings data after the market closes on Tuesday, January 23rd. Analysts expect the company to announce earnings of $0.43 per share for the quarter.

Sterling Bancorp (NYSE:STL) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01). The firm had revenue of $134.06 million during the quarter, compared to the consensus estimate of $135.09 million. Sterling Bancorp had a net margin of 28.58% and a return on equity of 9.08%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 EPS. On average, analysts expect Sterling Bancorp to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of Sterling Bancorp (NYSE:STL) opened at $25.95 on Tuesday. The company has a market capitalization of $5,831.15, a P/E ratio of 20.93 and a beta of 1.04. Sterling Bancorp has a 12 month low of $21.00 and a 12 month high of $26.50. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.76.

STL has been the subject of several recent research reports. Zacks Investment Research cut Sterling Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. JMP Securities initiated coverage on Sterling Bancorp in a research note on Monday, November 20th. They issued a “market perform” rating and a $25.85 price target for the company. Royal Bank of Canada lowered their price target on Sterling Bancorp from $30.00 to $29.00 and set an “outperform” rating for the company in a research note on Tuesday, October 3rd. Maxim Group reissued a “buy” rating and issued a $30.00 price target on shares of Sterling Bancorp in a research note on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $29.00 price target on shares of Sterling Bancorp in a research note on Thursday, October 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Sterling Bancorp presently has an average rating of “Buy” and a consensus price target of $27.86.

In other Sterling Bancorp news, Director James F. Deutsch sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $25.31, for a total transaction of $2,531,000.00. Following the completion of the sale, the director now owns 500 shares of the company’s stock, valued at $12,655. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James F. Deutsch sold 300,000 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $25.31, for a total value of $7,593,000.00. Following the sale, the director now directly owns 500 shares of the company’s stock, valued at approximately $12,655. The disclosure for this sale can be found here. Insiders have sold 753,635 shares of company stock valued at $18,727,028 in the last ninety days. Company insiders own 3.74% of the company’s stock.

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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.

Earnings History for Sterling Bancorp (NYSE:STL)

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