Sterling Bancorp (STL) Receives Price Target

Sterling Bancorp (STL) : Average target price received by Sterling Bancorp (STL) is $19.42 with an expected standard deviation of $1.02. The most aggressive target on the stock is $21, whereas the most downbeat target is $18. 6 financial analysts are currently covering the stock.

Sterling Bancorp (STL) : 4 brokerage houses believe that Sterling Bancorp (STL) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 6 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.33.


Also, Equity Analysts at the Keefe Bruyette & Woods maintains the rating on Sterling Bancorp (NYSE:STL). The brokerage firm has issued a Outperform rating on the shares. The Analysts at the ratings agency raises the price target from $18 per share to $19 per share. The rating by the firm was issued on July 28, 2016.

Sterling Bancorp (NYSE:STL): The stock opened at $17.82 on Thursday but the bulls could not build on the opening and the stock topped out at $17.89 for the day. The stock traded down to $17.50 during the day, due to lack of any buying support eventually closed down at $17.66 with a loss of -1.06% for the day. The stock had closed at $17.85 on the previous day. The total traded volume was 1,043,941 shares.

Sterling Bancorp, formerly Provident New York Bancorp, is a holding company. The Company operates through its subsidiary, Sterling National Bank (SNB), which specializes in the delivery of service and solutions to business owners, their families, and consumers. SNB offers a range of commercial, business, and consumer banking products and services. The Bank primarily originates commercial real estate loans, and commercial and industrial loans. It also originates residential mortgage loans and consumer loans such as home equity lines of credit, homeowner loans and personal loans in market area. The Bank invests in government and agency securities, State and municipal securities, equities and mortgage-backed securities. SNB offers a range of deposit accounts with a range of interest rates and terms. As of September 30, 2014, the Company had over $7.3 billion in assets.

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