Sterling Bancorp (STL) Volatility At 2.98%, Should You Add A Position?

Sterling Bancorp (NYSE: STL) is -14.71% lower on its value in year-to-date trading and has touched a low of $7.01 and a high of $21.22 in the current 52-week trading range. The STL stock was last observed hovering at around $17.97 in the last trading session, with the day’s gains setting it 0.01% off its average median price target of $20.00 for the next 12 months. It is also 30.85% off the consensus price target high of $26.00 offered by 13 analysts, but current levels are -19.87% lower than the price target low of $15.00 for the same period.

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Currently trading at $17.98, the stock is 3.10% and 13.61% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.65 million and changing 0.06% at the moment leaves the stock 44.50% off its SMA200. STL registered -15.15% loss for a year compared to 6-month gain of 62.27%. The firm has a 50-day simple moving average (SMA 50) of $17.06 and a 200-day simple moving average (SMA200) of $13.09.

The stock witnessed a 10.44% loss in the last 1 month and extending the period to 3 months gives it a 68.19%, and is -1.32% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.98% over the week and 3.15% over the month.

Sterling Bancorp (STL) has around 1639 employees, a market worth around $3.49B and $1.07B in sales. Current P/E ratio is 14.24 and Fwd P/E is 10.21. Profit margin for the company is 23.30%. Distance from 52-week low is 156.67% and -15.27% from its 52-week high. The company has generated returns on investments over the last 12 months (15.20%).

Sterling Bancorp (STL) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Sterling Bancorp (STL) is a “Buy”. 13 analysts offering their recommendations for the stock have an average rating of 1.90, where 2 rate it as a Hold and 0 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Sterling Bancorp is expected to release its quarterly report on 04/27/2021 and quarterly earnings per share for the current quarter are estimated at $0.46 with sales reaching $219.83M over the same period.The EPS is expected to grow by 4.10% this year, but quarterly earnings will post -6.60% year-over-year. Quarterly sales are estimated to shrink -5.10% in year-over-year returns.

Sterling Bancorp (STL) Top Institutional Holders

387 institutions hold shares in Sterling Bancorp (STL), with 1.76M shares held by insiders accounting for 0.90% while institutional investors hold 86.20% of the company’s shares. The shares outstanding are 193.50M, and float is at 192.60M with Short Float at 3.93%. Institutions hold 85.42% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 16.98 million shares valued at $178.66 million. The investor’s holdings represent 8.74% of the STL Shares outstanding. As of Sep 29, 2020, the second largest holder is Wellington Management Company, LLP with 15.88 million shares valued at $167.08 million to account for 8.17% of the shares outstanding. The other top investors are Blackrock Inc. which holds 15.82 million shares representing 8.14% and valued at over $166.38 million, while Dimensional Fund Advisors LP holds 5.52% of the shares totaling 10.72 million with a market value of $112.8 million.

Sterling Bancorp (STL) Insider Activity

The most recent transaction is an insider sale by Blose James P, the company’s General Counsel and CLO. SEC filings show that Blose James P sold 4,000 shares of the company’s common stock on Nov 10 at a price of $16.13 per share for a total of $64502.0. Following the sale, the insider now owns 37986.0 shares.

Sterling Bancorp disclosed in a document filed with the SEC on Jul 30 that GEISEL THOMAS X (President, Corporate Banking) sold a total of 7,927 shares of the company’s common stock. The trade occurred on Jul 30 and was made at $11.46 per share for $90843.0. Following the transaction, the insider now directly holds 27172.0 shares of the STL stock.

Still, SEC filings show that on May 18, Nazemetz Patricia M (Director) acquired 450 shares at an average price of $11.06 for $4977.0. The insider now directly holds 11,282 shares of Sterling Bancorp (STL).

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Sterling Bancorp (STL): Who are the competitors?

The company’s main competitors (and peers) include Mercantile Bank Corporation (MBWM) that is trading -25.11% down over the past 12 months. OFG Bancorp (OFG) is -21.11% down on the 1-year trading charts. Short interest in the company’s stock has fallen -2.51% from the last report on Nov 12, 2020 to stand at a total of 7.76 million short shares sold with a short interest ratio of 2.53.

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