Home Sectors Financial Services Current Change: Sterling Bancorp (NYSE: STL)

Current Change: Sterling Bancorp (NYSE: STL)

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Sterling Bancorp trades as part of the banking industry and trades as part of the financial services sector. The company CEO is Jack L. Kopnisky. Sterling Bancorp is a provider of financial services. The company functions through the Sterling National Bank, which delivers deposit, lending, and wealth management products to commercial businesses and affluent consumers.

Previous Intraday Trading Performance:

The STL stock showed a previous change of -2.66% with an open at 24.65 and a close of 23.80. It reached an intraday high of 24.65 and a low of 23.75.

SeekingAlpha:  Citi starts coverage on three regional banks with neutral and one regional bank with buy

Liquidity:

The stock has a market cap of $5.4b with 225.5m shares outstanding, of which the float is 220.3m shares. Trading volume reached 1,670,669 shares compared to its average volume of 2,498,215 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Sterling Bancorp shares returned 0.21% and in the past 30 trading days it returned -2.46%. Over three months, it changed 8.01%. In one year it has changed 3.11% and within that year its 52-week high was 26.50 and its 52-week low was 21.00. STL stock is 13.33% above its 52 Week Low.

Our calculations show a 200 day moving average of 24.25 and a 50 day moving average of 24.42. Currently STL stock is trading -1.85% below its 200 day moving average and may be a good opportunity to buy, but should check other indicators to confirm a buy signal.

SeekingAlpha:  Citi starts coverage on three regional banks with neutral and one regional bank with buy

Earnings:

The last annual fiscal EPS for the company was reported at 0.58 that ended on 31st of December 2017, which according to the previous close, that is a PE of 41.03. Based on 3 analyst estimates, the consensus EPS for the next quarter is 0.48. The TTM EPS is 1.52, which comes to a TTM PE of 15.66. Historically, the PE high was 63.60 and the PE low was 15.66. STL stock has set a new PE low record!

The following are the last four quarter reported earnings per share:
03-31-2018:  0.45
12-31-2017:  0.39
09-30-2017:  0.35
06-30-2017:  0.33

The dividend per share is currently 0.28, which is a dividend yield of 1.15%. Also, the payout ratio is 18.42%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 22.32, which means it may be overvalued by -6.61%

Indicators to Watch:

Based on the latest filings, there is 94.10% of institutional ownership. Short-interest is 20,709,563, which is 9.18% of shares outstanding. The short-interest ratio or days-to-cover ratio is 11.59. This stock has a moderate level of short interest, but may still be a buying opportunity depending on other indicators.

The current calculated beta is 0.95

SeekingAlpha:  Notable earnings before Wednesday's open

Fundamental Indicators:

Based on last reported financials, the company's return on equity is 4.71%, return on assets is 0.63%, profit margin is 14.06%, price-to-sales is 7.25 and price-to-book is 1.33.

Company Scores:

All scores are out of six:
 2  :Valuation Score
 1  :Past Performance Score
 5  :Financial Strength Score
 4  :Future Growth Score
 4  :Dividend Score
 3  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks. Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.