Impact of Brokerage Rating on Sterling Bancorp(STL)

Many Sterling Bancorp(STL) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Sterling Bancorp was Upgraded by Piper Jaffray to Overweight on Jan 11, 2017. Sterling Bancorp was Downgraded by Hovde Group to Market Perform on Jan 9, 2017. Company shares were Reiterated by Maxim Group on Dec 19, 2016 to Buy, Raises Price Target to $ 27 from a previous price target of $21 .

Company has reported several Insider transactions to the SEC, on Feb 2, 2017, Thomas G Kahn (director) sold 62,000 shares at 23.63 per share price.On Jan 27, 2017, Craig S Thompson (director) sold 16,000 shares at 24.45 per share price.On Nov 16, 2016, James F. Deutsch (director) sold 100,000 shares at 20.16 per share price.

Sterling Bancorp (NYSE:STL) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 1.5 by 6 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 1 Brokerage Firms have advised hold.

Sterling Bancorp (NYSE:STL): According to 6 Analysts, The short term target price has been estimated at $ 24.75.The target price could deviate by a maximum of $4.14 from the forecast price. In the near term, the target price could hit a high of $28 and a low of $ 19.

Sterling Bancorp (NYSE:STL) rose 0.83% or 0.2 points on Tuesday and made its way into the gainers of the day. After trading began at $24.1 the stock was seen hitting $24.425 as a peak level and $23.9 as the lowest level. The stock ended up at $24.3. The daily volume was measured at 1,226,455 shares. The 52-week high of the share price is $24.85 and the 52-week low is $13.97. The company has a market cap of $3,285 million.

Sterling Bancorp is the holding company for Sterling National Bank, a financial services firm. Sterling National Bank provides various banking and financial products and services primarily in New York, New Jersey, and Connecticut. It provides depository and cash management services and a broad portfolio of financing solutions-including working capital lines, accounts receivable and inventory financing, factoring, trade financing, payroll funding and processing, equipment financing, commercial and residential mortgages and mortgage warehouse lines of credit. Sterling Bancorp, formerly known as Provident New York Bancorp, is headquartered in New York.

Sterling

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