Sterling Bancorp (NYSE:STL) has been downgraded to Hold in a report by Zacks Investment Research today.
- Updated: November 27, 2016
Just yesterday Sterling Bancorp (NYSE:STL) traded -0.85% lower at $22.45. The company’s 50-day moving average is $19.12 and its 200-day moving average is $17.27. With the last closing price up 34.95% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the date range. Volume of trade was down over the average, with 422,975 shares of STL changing hands under the typical 968,995
Zacks Investment Research has downgraded Sterling Bancorp (NYSE:STL) to Hold in a report released on Tuesday November 22, 2016.
With a total market value of $0, Sterling Bancorp has price-earnings ratio of 23.07 with a one year low of $13.44 and a one year high of $23.55 .
A total of 2 analysts have released a research note on STL. 1 firm rating the stock a strong buy, 3 firms rating the stock a buy, 1 firm rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $14.75.
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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