Sterling Bancorp (NYSE:STL) Institutional Investor Sentiment Trend

May 18, 2018 - By James Hentges

Sentiment for Sterling Bancorp (NYSE:STL)

Sterling Bancorp (NYSE:STL) institutional sentiment increased to 2.47 in Q4 2017. Its up 0.94, from 1.53 in 2017Q3. The ratio has increased, as 180 funds opened new or increased positions, while 73 sold and decreased stock positions in Sterling Bancorp. The funds in our partner’s database now hold: 192.99 million shares, up from 132.33 million shares in 2017Q3. Also, the number of funds holding Sterling Bancorp in their top 10 positions decreased from 7 to 6 for a decrease of 1. Sold All: 27 Reduced: 46 Increased: 114 New Position: 66.

Sterling Bancorp operates as the bank holding firm for Sterling National Bank that provides various banking services to commercial, consumer, and municipal clients in the United States. The company has market cap of $5.55 billion. The firm accepts deposit products, including checking, money market, savings, time, and interest and non-interest bearing demand deposits, as well as certificates of deposit and mortgage escrow funds. It has a 42.6 P/E ratio. It originates various loans that comprise residential and commercial mortgage loans; commercial and industrial, asset-based, payroll finance, warehouse, factored receivables, equipment finance, public sector, and commercial real estate and multi-family loans; consumer loans, such as homeowner loans, home equity lines of credit, new and used automobile loans, and personal unsecured loans; and acquisition, development, and construction loans.

The stock increased 0.31% or $0.08 during the last trading session, reaching $24.62. About 295,502 shares traded. Sterling Bancorp (NYSE:STL) has declined 5.12% since May 18, 2017 and is downtrending. It has underperformed by 16.67% the S&P500.

Analysts await Sterling Bancorp (NYSE:STL) to report earnings on July, 24. They expect $0.48 EPS, up 45.45 % or $0.15 from last year’s $0.33 per share. STL’s profit will be $108.24 million for 12.82 P/E if the $0.48 EPS becomes a reality. After $0.45 actual EPS reported by Sterling Bancorp for the previous quarter, Wall Street now forecasts 6.67 % EPS growth.

Patriot Financial Partners Gp Lp holds 6.63% of its portfolio in Sterling Bancorp for 523,980 shares. Castine Capital Management Llc owns 541,165 shares or 4.52% of their US portfolio. Moreover, Ejf Capital Llc has 3.91% invested in the company for 1.99 million shares. The New York-based Kahn Brothers Group Inc De has invested 3.45% in the stock. Hillcrest Asset Management Llc, a Texas-based fund reported 579,838 shares.

Sterling Bancorp (NYSE:STL) Ratings Coverage

Ratings analysis reveals 83% of Sterling Bancorp’s analysts are positive. Out of 6 Wall Street analysts rating Sterling Bancorp, 5 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $29.5 while the high is $3600. The stock’s average target of $31.90 is 29.57% above today’s ($24.62) share price. STL was included in 10 notes of analysts from November 20, 2017. The firm has “Buy” rating by Keefe Bruyette & Woods given on Thursday, December 21. Maxim Group maintained the shares of STL in report on Wednesday, April 25 with “Buy” rating. The company was maintained on Thursday, January 25 by Hovde Group. Jefferies maintained Sterling Bancorp (NYSE:STL) rating on Wednesday, January 24. Jefferies has “Buy” rating and $30.0 target. The firm has “Buy” rating given on Monday, February 26 by Keefe Bruyette & Woods. The rating was maintained by Piper Jaffray on Thursday, January 25 with “Buy”. Maxim Group maintained the shares of STL in report on Wednesday, January 24 with “Buy” rating. The firm has “Buy” rating given on Tuesday, May 1 by Maxim Group. The firm has “Buy” rating by Keefe Bruyette & Woods given on Wednesday, April 4.

More recent Sterling Bancorp (NYSE:STL) news were published by: Gurufocus.com which released: “Stanley Druckenmiller’s Top 5 Buys in 1st Quarter” on May 17, 2018. Also Seekingalpha.com published the news titled: “Sterling Bancorp’s (STL) CEO Jack Kopnisky on Q1 2018 Results – Earnings Call Transcript” on April 25, 2018. Globenewswire.com‘s news article titled: “New Research: Key Drivers of Growth for Comerica, Valley National, Santander Consumer, Sterling, Kemet, and …” with publication date: May 11, 2018 was also an interesting one.

Sterling Bancorp (NYSE:STL) Ratings Chart

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