Press coverage about Sterling Bancorp (NYSE:STL) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sterling Bancorp earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.0602219195356 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

Shares of Sterling Bancorp (STL) opened at 22.45 on Friday. The firm’s 50 day moving average is $22.33 and its 200-day moving average is $23.01. Sterling Bancorp has a one year low of $16.75 and a one year high of $25.85. The firm has a market capitalization of $3.05 billion, a PE ratio of 18.72 and a beta of 1.07.

Sterling Bancorp (NYSE:STL) last posted its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.33 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.33. Sterling Bancorp had a net margin of 28.40% and a return on equity of 8.62%. The firm had revenue of $126.88 million for the quarter, compared to the consensus estimate of $133.85 million. On average, equities research analysts predict that Sterling Bancorp will post $0.69 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 7th were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, August 3rd. This represents a $0.28 dividend on an annualized basis and a yield of 1.25%. Sterling Bancorp’s dividend payout ratio is currently 23.33%.

A number of research analysts have commented on the stock. BidaskClub upgraded shares of Sterling Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Zacks Investment Research raised shares of Sterling Bancorp from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Tuesday, June 20th. Finally, Maxim Group reissued a “buy” rating and set a $30.00 target price on shares of Sterling Bancorp in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. Sterling Bancorp has a consensus rating of “Buy” and a consensus target price of $27.07.

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In other Sterling Bancorp news, Director Richard L. O’toole purchased 4,000 shares of the firm’s stock in a transaction on Thursday, July 27th. The shares were purchased at an average price of $22.60 per share, for a total transaction of $90,400.00. Following the completion of the purchase, the director now directly owns 21,291 shares of the company’s stock, valued at $481,176.60. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Burt Steinberg purchased 10,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were acquired at an average price of $21.88 per share, for a total transaction of $218,800.00. Following the purchase, the director now directly owns 135,146 shares of the company’s stock, valued at $2,956,994.48. The disclosure for this purchase can be found here. 3.74% of the stock is owned by insiders.

Sterling Bancorp Company Profile

Sterling Bancorp is a financial holding company. The Company is a bank holding company that owns the Sterling National Bank (the Bank). The Bank specializes in the delivery of services and solutions to business owners, their families and consumers within the communities it serves. The Bank offers a line of commercial, business, and consumer banking products and services.

Insider Buying and Selling by Quarter for Sterling Bancorp (NYSE:STL)

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