Sterling Bancorp (STL) Earns Daily News Sentiment Score of -0.06

News articles about Sterling Bancorp (NYSE:STL) have trended somewhat negative on Monday, Alpha One Sentiment Analysis reports. The research firm, a unit of Accern, rates the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sterling Bancorp earned a news sentiment score of -0.06 on Alpha One’s scale. Alpha One also gave press coverage about the financial services provider an impact score of 58 out of 100, indicating that recent press coverage is somewhat likely to have an impact on the stock’s share price in the near future.

These are some of the media headlines that may have effected Alpha One’s scoring:

STL has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $29.00 price target on shares of Sterling Bancorp in a report on Monday, March 13th. Maxim Group boosted their price target on Sterling Bancorp from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, March 8th. Hovde Group raised Sterling Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 price target for the company in a report on Wednesday, March 8th. Sandler O’Neill raised Sterling Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, March 9th. Finally, FBR & Co set a $25.00 price target on Sterling Bancorp and gave the stock a “hold” rating in a report on Thursday, May 4th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $27.36.

Sterling Bancorp (STL) traded down 0.90% during trading on Monday, reaching $22.05. The company had a trading volume of 1,021,001 shares. Sterling Bancorp has a 52-week low of $14.55 and a 52-week high of $25.85. The company has a 50-day moving average price of $22.77 and a 200 day moving average price of $23.50. The stock has a market cap of $2.99 billion, a PE ratio of 18.73 and a beta of 1.05.

Sterling Bancorp (NYSE:STL) last released its earnings results on Tuesday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.31. The company had revenue of $121.63 million during the quarter, compared to analyst estimates of $127.81 million. Sterling Bancorp had a return on equity of 8.05% and a net margin of 26.28%. On average, analysts anticipate that Sterling Bancorp will post $0.69 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 22nd. Stockholders of record on Monday, May 8th were issued a $0.07 dividend. The ex-dividend date was Thursday, May 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.27%. Sterling Bancorp’s payout ratio is currently 26.17%.

In other news, Director Craig S. Thompson sold 2,000 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $21.62, for a total value of $43,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Millman sold 15,000 shares of the stock in a transaction on Friday, March 10th. The shares were sold at an average price of $25.01, for a total value of $375,150.00. Following the completion of the sale, the director now owns 348,293 shares of the company’s stock, valued at approximately $8,710,807.93. The disclosure for this sale can be found here. Insiders sold 235,374 shares of company stock valued at $5,471,609 in the last 90 days. Corporate insiders own 4.04% of the company’s stock.

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About Sterling Bancorp

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “STL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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