Sterling Bancorp (NYSE:STL) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 14, 2016
Zacks Investment Research has downgraded Sterling Bancorp (NYSE:STL) to Sell in a statement released on 10/15/2016.
On Monday October 10, 2016, Hovde Group released a statement on Sterling Bancorp (NYSE:STL) upped the target price from $0.00 to $20.00 that suggested an upside of 0.14%.
Having a price of $17.30, Sterling Bancorp (NYSE:STL) traded 0.87% higher on the day. With the last close up 4.35% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. STL has recorded a 50-day average of $17.43 and a two hundred day average of $16.58. Trade Volume was down over the average, with 439,767 shares of STL changing hands under the typical 722,349
Recent Performance Chart
Sterling Bancorp has 52 week low of $13.44 and a 52 week high of $17.93 with a P/E ratio of 19.05 and has a market cap of $0.
In addition to Zacks Investment Research reporting its target price, a total of 2 firms have reported on the stock. The consensus target price is $14.75 with 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.
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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