Sterling Bancorp (NYSE:STL) Institutional Investors Q4 2018 Sentiment

Sentiment for Sterling Bancorp (NYSE:STL)

Sterling Bancorp (NYSE:STL) institutional sentiment decreased to 0.81 in 2018 Q4. Its down -0.33, from 1.14 in 2018Q3. The ratio has dropped, as 99 institutional investors started new or increased positions, while 122 sold and trimmed stock positions in Sterling Bancorp. The institutional investors in our partner’s database now own: 202.10 million shares, down from 204.82 million shares in 2018Q3. Also, the number of institutional investors holding Sterling Bancorp in their top 10 positions was flat from 6 to 6 for the same number . Sold All: 31 Reduced: 91 Increased: 65 New Position: 34.

Sterling Bancorp operates as the bank holding firm for Sterling National Bank that provides various banking services to commercial, consumer, and municipal clients in the United States. The company has market cap of $4.33 billion. The firm accepts deposit products, including checking, money market, savings, time, and interest and non-interest bearing demand deposits, as well as certificates of deposit and mortgage escrow funds. It has a 10.36 P/E ratio. It originates various loans that comprise residential and commercial mortgage loans; commercial and industrial, asset-based, payroll finance, warehouse, factored receivables, equipment finance, public sector, and commercial real estate and multi-family loans; consumer loans, such as homeowner loans, home equity lines of credit, new and used automobile loans, and personal unsecured loans; and acquisition, development, and construction loans.

The stock decreased 0.96% or $0.2 during the last trading session, reaching $20.64. About 2.35M shares traded. Sterling Bancorp (NYSE:STL) has declined 12.99% since May 17, 2018 and is downtrending. It has underperformed by 17.36% the S&P500.

Analysts await Sterling Bancorp (NYSE:STL) to report earnings on July, 23. They expect $0.52 earnings per share, up 4.00 % or $0.02 from last year’s $0.5 per share. STL’s profit will be $109.04 million for 9.92 P/E if the $0.52 EPS becomes a reality. After $0.50 actual earnings per share reported by Sterling Bancorp for the previous quarter, Wall Street now forecasts 4.00 % EPS growth.

Castine Capital Management Llc holds 7.03% of its portfolio in Sterling Bancorp for 1.25 million shares. Ejf Capital Llc owns 3.38 million shares or 6.49% of their US portfolio. Moreover, Clover Partners L.P. has 4.01% invested in the company for 140,000 shares. The California-based Philadelphia Financial Management Of San Francisco Llc has invested 3.26% in the stock. Basswood Capital Management L.L.C., a New York-based fund reported 3.10 million shares.

More notable recent Sterling Bancorp (NYSE:STL) news were published by: Finance.Yahoo.com which released: “Does The Sterling Bancorp (NYSE:STL) Share Price Tend To Follow The Market? – Yahoo Finance” on May 09, 2019, also Finance.Yahoo.com with their article: “Here’s What Hedge Funds Think About Synovus Financial Corp. (SNV) – Yahoo Finance” published on April 26, 2019, Gurufocus.com published: “Kahn Brothers Trims New York Times, Hologic Positions – GuruFocus.com” on May 08, 2019. More interesting news about Sterling Bancorp (NYSE:STL) were released by: Seekingalpha.com and their article: “Sterling Bancorp 2019 Q1 – Results – Earnings Call Slides – Seeking Alpha” published on April 25, 2019 as well as Seekingalpha.com‘s news article titled: “Tracking Kahn Brothers Portfolio – Q1 2019 Update – Seeking Alpha” with publication date: May 10, 2019.

Sterling Bancorp (NYSE:STL) Ratings Chart

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