Sterling Bancorp Q4 2017 Institutional Investor Sentiment Better Than Expected

May 18, 2018 - By Clifton Ray

Sentiment for Sterling Bancorp (NYSE:STL)

Sterling Bancorp (NYSE:STL) institutional sentiment increased to 2.47 in 2017 Q4. Its up 0.94, from 1.53 in 2017Q3. The ratio has increased, as 180 active investment managers opened new or increased equity positions, while 73 sold and trimmed stock positions in Sterling Bancorp. The active investment managers in our partner’s database reported: 192.99 million shares, up from 132.33 million shares in 2017Q3. Also, the number of active investment managers holding Sterling Bancorp in their top 10 equity 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. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The firm has “Buy” rating by Jefferies given on Wednesday, January 24. As per Thursday, January 25, the company rating was maintained by Piper Jaffray. The firm has “Buy” rating given on Wednesday, April 25 by Maxim Group. As per Monday, February 26, the company rating was maintained by Keefe Bruyette & Woods. The stock of Sterling Bancorp (NYSE:STL) earned “Buy” rating by Hovde Group on Thursday, January 25. The firm has “Buy” rating by Maxim Group given on Wednesday, January 24. Maxim Group maintained the shares of STL in report on Tuesday, May 1 with “Buy” rating. The firm earned “Buy” rating on Wednesday, April 4 by Keefe Bruyette & Woods.

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

Sterling Bancorp (NYSE:STL) Ratings Chart

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