Sterling Bancorp (NYSE:STL) is expected to pay $0.07 on Nov 21, 2016. The indicated annual dividend is $0.28. Shareholders owning the stock before Nov 3, 2016 will be eligible to receive the payout. Based on Sterling Bancorp’s current price of $17.80, the dividend is 0.39%. This dividend’s record date is Nov 7, 2016 and the announcement date is Oct 26, 2016. Sterling Bancorp (NYSE:STL) has risen 12.68% since March 31, 2016 and is uptrending. It has outperformed by 10.16% the S&P500.
Sterling Bancorp is a financial holding company. The company has a market cap of $2.32 billion. The Firm is a bank holding firm that owns the Sterling National Bank . It has a 17.5 P/E ratio. The Bank specializes in the delivery of services and solutions to business owners, their families and clients within the communities it serves.
Insitutional Activity: The institutional sentiment increased to 1.32 in Q2 2016. Its up 0.02, from 1.3 in 2016Q1. The ratio is positive, as 8 funds sold all Sterling Bancorp shares owned while 51 reduced positions. 13 funds bought stakes while 65 increased positions. They now own 99.15 million shares or 1.66% more from 97.54 million shares in 2016Q1.
Principal Fincl Gp Inc holds 869,575 shares or 0.02% of its portfolio. Proshare Advisors has 20,040 shares for 0% of their US portfolio. The New Jersey-based Blackrock Inv Management Limited Company has invested 0.01% in Sterling Bancorp (NYSE:STL). Schwab Charles Mgmt Inc accumulated 412,734 shares or 0.01% of the stock. Skyline Asset Mngmt Limited Partnership accumulated 1.77% or 1.54M shares. Parametric Associates Ltd Llc last reported 0% of its portfolio in the stock. Teachers Advisors holds 0.03% or 1.01 million shares in its portfolio. Barclays Pcl last reported 0% of its portfolio in the stock. Hillcrest Asset Mgmt Lc last reported 2.1% of its portfolio in the stock. Louisiana State Employees Retirement Sys holds 0.04% or 53,200 shares in its portfolio. Public Employees Retirement Association Of Colorado owns 30,912 shares or 0% of their US portfolio. Fifth Third Bancorp last reported 0% of its portfolio in the stock. Gamco Invsts Et Al accumulated 1.19M shares or 0.12% of the stock. Netols Asset Mngmt Inc has invested 1.81% of its portfolio in Sterling Bancorp (NYSE:STL). Moreover, Fincl Bank Of America De has 0% invested in Sterling Bancorp (NYSE:STL) for 93,743 shares.
Sterling Bancorp (NYSE:STL) Ratings Coverage
Out of 4 analysts covering Sterling Bancorp (NYSE:STL), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Sterling Bancorp has been the topic of 5 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Tuesday, August 18 by Zacks. Hovde Group initiated Sterling Bancorp (NYSE:STL) rating on Monday, October 10. Hovde Group has “Outperform” rating and $20 price target. The firm earned “Outperform” rating on Wednesday, September 30 by RBC Capital Markets. The firm has “Buy” rating by Maxim Group given on Thursday, June 23.
Another recent and important Sterling Bancorp (NYSE:STL) news was published by Seekingalpha.com which published an article titled: “Sterling Bancorp’s (STL) CEO Jack Kopnisky on Q3 2016 Results – Earnings Call …” on October 26, 2016.
STL Company Profile
Sterling Bancorp, incorporated on June 30, 2003, is a financial holding company. The Firm is a bank holding firm that owns the Sterling National Bank (the Bank). The Bank specializes in the delivery of services and solutions to business owners, their families and clients within the communities it serves. The Bank offers a line of commercial, business, and consumer banking services and products. The Bank offers services in the New York Metro Market, which includes Manhattan and Long Island, and the New York Suburban Market, which consists of Rockland, Orange, Sullivan, Ulster, Putnam and Westchester counties in New York and Bergen County in New Jersey.
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