Hovde Group issued a report on Sterling Bancorp (NYSE:STL), raising its target price to $20.00 today
- Updated: October 9, 2016
Reporting a possible upside of 0.14%, Hovde Group upped the price target of Sterling Bancorp (NYSE:STL) to $20.00
Having a price of $17.56, Sterling Bancorp (NYSE:STL) traded 0.00% even on the day. The last stock price is up 6.29% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Sterling Bancorp has recorded a 50-day average of $17.38 and a two hundred day average of $16.52. Volume of trade was down over the average, with 684,942 shares of STL changing hands under the typical 736,154
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Sterling Bancorp has a 52 week low of $13.44 and a 52 week high of $17.90 with a P/E ratio of 19.34 The company’s market cap is currently $0.
A total of 2 brokers have issued a report on STL. 1 firm rating the stock a strong buy, three analysts rating the company a buy, one equity analyst rating the company a hold, zero brokerages rating the company a underperform, and finally 0 firms rating the stock a sell with a average stock price target of $14.75.
Brief Synopsis About Sterling Bancorp (NYSE:STL)
Sterling Bancorp is a financial holding company. The Company is a bank holding company that owns the Sterling National Bank (the Bank). The Bank specializes in the delivery of services and solutions to business owners, their families and consumers within the communities it serves. The Bank offers a line of commercial, business, and consumer banking products and services. The Bank is engaged in the origination of commercial loans and commercial mortgage loans. The Company also originates residential mortgage loans and consumer loans. 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. Its deposit products include non-interest bearing demand deposits, interest bearing demand deposits, savings, money market and certificate of deposits.
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