Zacks Investment Research downgraded Sterling Bancorp (NYSE:STL) to Hold in a statement released earlier today.
- Updated: October 2, 2016
Zacks Investment Research has downgraded Sterling Bancorp (NYSE:STL) to Hold in a report released on Wednesday September 28, 2016.
On Thursday June 23, 2016, Maxim Group released a statement about Sterling Bancorp (NYSE:STL) raised the target price from $0.00 to $19.00. At the time, this indicated a possible upside of 0.14%.
Displaying a price of $17.24, Sterling Bancorp (NYSE:STL) traded 1.39% higher on the day. With the last stock price close up 6.36% 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 moving average of $17.34 and a 200-day moving average of $16.45. 922,362 shares of Sterling Bancorp exchanged hands, up from an avg. volume of 751,544
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With a total market value of $0, Sterling Bancorp has PE ratio of 19.27 with a one year low of $13.44 and a one year high of $17.90 .
Also covering Sterling Bancorp's target, a total of 2 brokerages have issued a research note on Sterling Bancorp. The 12-month price target is $14.75 with 1 broker rating the stock a strong buy, 3 analysts rating the company a buy, one equity analyst rating the company a hold, 0 brokerages rating the stock a underperform, and finally 0 brokers rating the stock a sell.
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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