EPS for Sterling Bancorp (STL) Expected At $0.53

Investors sentiment decreased to 0.8 in 2019 Q1. Its down 0.01, from 0.81 in 2018Q4. It worsened, as 16 investors sold Sterling Bancorp shares while 95 reduced holdings. 32 funds opened positions while 57 raised stakes. 188.77 million shares or 6.59% less from 202.10 million shares in 2018Q4 were reported.
State Of Tennessee Treasury Department owns 6,894 shares for 0% of their portfolio. New Jersey-based Prudential has invested 0.02% in Sterling Bancorp (NYSE:STL). Massmutual Trust Fsb Adv stated it has 28,922 shares. Hennessy Advisors Inc, California-based fund reported 250,000 shares. Amer Grp invested 0.03% of its portfolio in Sterling Bancorp (NYSE:STL). Moreover, California State Teachers Retirement Sys has 0.01% invested in Sterling Bancorp (NYSE:STL). First Mercantile has invested 0.06% of its portfolio in Sterling Bancorp (NYSE:STL). Raymond James Assoc reported 35,074 shares. Stifel Fincl Corporation holds 486,241 shares. Employees Retirement Systems Of Ohio has invested 0.01% in Sterling Bancorp (NYSE:STL). Smith Graham & Invest Limited Partnership invested in 364,321 shares. Ls Advsr Ltd Liability Com has invested 0.01% in Sterling Bancorp (NYSE:STL). 273 are owned by Archford Capital Strategies Ltd Company. Morgan Stanley holds 0% or 155,682 shares in its portfolio. Barclays Public Ltd Liability Corporation has invested 0% in Sterling Bancorp (NYSE:STL).

Analysts expect Sterling Bancorp (NYSE:STL) to report $0.53 EPS on July, 23.They anticipate $0.03 EPS change or 6.00 % from last quarter’s $0.5 EPS. STL’s profit would be $111.14 million giving it 10.17 P/E if the $0.53 EPS is correct. After having $0.50 EPS previously, Sterling Bancorp’s analysts see 6.00 % EPS growth. The stock increased 1.79% or $0.38 during the last trading session, reaching $21.57. About 1.14 million shares traded. Sterling Bancorp (NYSE:STL) has declined 15.14% since July 14, 2018 and is downtrending. It has underperformed by 19.57% the S&P500.

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 $4.52 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 10.83 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.

More notable recent Sterling Bancorp (NYSE:STL) news were published by: Seekingalpha.com which released: “Bank Of America Corp.: A New Low Yield Preferred Stock You Might Consider Buying – Seeking Alpha” on June 30, 2019, also Globenewswire.com with their article: “Sterling Bancorp announces results for the first quarter of 2019; strong operating momentum with diluted earnings per share available to common stockholders of $0.47 (as reported) and $0.50 (as adjusted), and significant progress in balance sheet transition strategy – GlobeNewswire” published on April 24, 2019, Globenewswire.com published: “Sterling Bancorp Enters Definitive Agreement to Acquire $504 Million in Commercial Loans and Origination Platform – GlobeNewswire” on January 23, 2019. More interesting news about Sterling Bancorp (NYSE:STL) were released by: Globenewswire.com and their article: “Sterling National Bank Expands Specialty Finance Team with Key Hires – GlobeNewswire” published on October 04, 2018 as well as Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For July 12, 2019 – Benzinga” with publication date: July 12, 2019.

Sterling Bancorp (NYSE:STL) Ratings Chart

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