Hovde Group Gives Sterling Bancorp Price Target With Potential 13.21% Upside

Xavier Trudeau
Mars 19, 2017

In the last trading session, The Company traded 8.64 Million shares. Victory Capital Management Inc. now owns 3,778,571 shares of the financial services provider's stock worth $66,125,000 after buying an additional 181,742 shares during the last quarter. Tracking most recent quarter period, Price to book (P/B) ration is at 1.70 and Price to cash per share ration is at 7.44.

Sterling Bancorp is a financial holding company. Sterling Bancorp had a return on equity of 8.05% and a net margin of 26.28%.

Sterling Bancorp (NYSE:STL) right now sits at consensus rating of 2.50 while 5 analysts have advocated the shares as "BUY", 2 calls it an "OUTPERFORM" and 2 suggest "HOLD". The share price is now 0.38 percent versus its SMA20, 2.99 percent versus its SMA50, and 26.81 percent versus its SMA200. (NYSE:UPS), after opening at $105.64, closed at $105.73 by scoring 0.09%. The stock was trading on above-average volume.

Sterling Bancorp (STL) stock price tumbled -4.79% to finalize at $23.85 throughout previous buying and selling session.

Over the last twelve months Sterling Bancorp's share price has increased from 15.11 to 23.85, changing by 57.84%. Eight investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and an average price target of $24.92.

An important factor to consider when evaluating a stock's current and future value are the 52 week price high and low levels. Looking at the stock's movement on the chart, Sterling Bancorp recorded a 52-week high of $25.85.

The Stock now has the market capitalization of $3.19 Billion, P/E (price to earnings ttm) of 22.39 and Weekly volatility of 2.90% and monthly volatility of 2.29% respectively. Following the completion of the sale, the director now directly owns 44,648 shares of the company's stock, valued at approximately $1,058,157.60. The stock is now moving above its 20-Day Simple Moving Average of -0.54% with the 50-Day Simple Moving Average of -0.54 percent. The share price is now -5.48 percent versus its SMA20, 5.04 percent versus its SMA50, and 37.41 percent versus its SMA200. The stock has a quick ratio of 3.70 and a current ratio of 4.70. (NYSE:STL) a rating of 1.5 on a scale of 1 to 5. TheStreet upgraded Sterling Bancorp from a c rating to a b- rating in a report on Tuesday, January 24th.

In the past 6 months, 7 Insider purchases and 5 Insider Sales were made in which 25661 shares were traded as Insider purchases and 33353 shares were exchanged as Insider Sales. Movements above 70 are interpreted as indicating overbought conditions; conversely, movements under 30 reflect oversold conditions.

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