Sterling Bancorp (NYSE:STL) saw an upside of 0.90% to close Tuesday at $25.85 after adding $0.23 on the day. The 5-day average trading volume is 1,141,880 shares of the company’s common stock. It has gained $26.17 in the past week. An average of 1,331,330 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,505,424.
STL’s 1-month performance is 14.74% or $3.60 on its low of $20.95 reached on 09/20/21. The company’s shares have touched a 52-week low of $11.61 and high of $27.22, with the stock’s rally to the 52-week high happening on 06/01/21. YTD, STL has achieved 43.77% or $7.87. However, the current price is down -5.03%% from the 52-week high price.
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On May 03, 163 days have gone by since the last insider trading activity for Sterling Bancorp (STL). KOPNISKY JACK L (President & CEO) most recently sold 25,000 shares at $25.31 per share on May 03. This transaction cost the insider $632,868. President, Corporate Banking, GEISEL THOMAS X, sold 3,974 shares at a price of $25.48 on Apr 29. Then, on Mar 11, Chief Bus Oper & Svc Officer Evan Javier L sold 3,000 shares at a price of $23.84 per share. This transaction amounted to $71,520.
The company’s PE ratio for the last five years has touched a high of 34.09 and a low of 3.667. STL stock has a beta of 1.62. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.23 while the price-to-book (PB) in the most recent quarter is 1.08, with the price to cash flow ratio at 8.91.
Sterling Bancorp pays an annual dividend of $0.28 per share. Its dividend yield is 1.08% and the payout ratio is 15.40%. STL’s most recent quarterly dividend payment was made on Aug. 16, when it paid $0.07 a share compared with prior rate of $0.07, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.01 reported on Tuesday February 4 2014.
It is projected that Sterling Bancorp’s next ex-dividend date will be on 1-Nov. STL is expected to distribute $0.07 as its next dividend.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.11, while the total debt to equity was 0.11 while for the period ending June 29; Sterling Bancorp’s operating margin was 84.30%. The firm’s gross profit as reported stood at $864.92 million against revenue of $1.01 billion.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected STL to announce $0.5 per share in earnings in its latest quarter, but it posted $0.5, representing a 0.00% surprise. STL stock balance sheet for the quarter ending June 29 shows that, with total debt at $810.6 million. Shareholders hold equity totaling $192.69 million
Let’s look briefly at Sterling Bancorp (STL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 71.83% to suggest the stock is trending Overbought, with historical volatility in this time period at 17.12%.
The stock’s 5-day moving average is $25.75, reflecting a +0.47% or $0.12 change from its current price. STL is currently trading +17.71% above its 20-day SMA, +0.12% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +19.34% and +44.01% respectively.
Stochastic %K and %D was 91.19% and 92.01% and the average true range (ATR) pointed at 0.62. The RSI (14) points at 68.76%, while the 14-day stochastic is at 91.71% with the period’s ATR at 0.64. The stock’s 9-day MACD Oscillator is pointing at 0.13 and 0.61 on the 14-day charts.
In the most recent analyst report for Sterling Bancorp (NYSE: STL), Hovde Group upgraded it to an Outperform rating. They previously had a Market perform rating on the stock. Analysts offering their rating for STL stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate STL as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.
What is STL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $22.50 and a high of $30.00, with their median price target at $28.00. Looking at these predictions, the average price target given by analysts is for Sterling Bancorp (STL) stock is $27.58.