Sterling Bancorp downgraded by Janney Montgomery Scott with a new price target
$STL
Major Banks
Finance
Janney Montgomery Scott downgraded Sterling Bancorp from Buy to Neutral and set a new price target of $25.00
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/22/2021 | $28.00 → $31.00 | Outperform | RBC Capital |
SC 13G/A - STERLING BANCORP (0001070154) (Subject)
SC 13G/A - STERLING BANCORP (0001070154) (Subject)
SC 13G/A - STERLING BANCORP (0001070154) (Subject)
RBC Capital reiterated coverage of Sterling Bancorp with a rating of Outperform and set a new price target of $31.00 from $28.00 previously
B. Riley FBR downgraded Sterling Bancorp from Buy to Neutral and set a new price target of $26.00
Janney Montgomery Scott downgraded Sterling Bancorp from Buy to Neutral and set a new price target of $25.00
4 - STERLING BANCORP (0001070154) (Issuer)
4 - STERLING BANCORP (0001070154) (Issuer)
4 - STERLING BANCORP (0001070154) (Issuer)
Bea Ordonez to be Successor for Michael Levine Payoneer Global Inc. ("Payoneer" or the "Company") (NASDAQ:PAYO), the financial technology company empowering the world's small businesses to transact, do business and grow globally, today announced the appointment of Bea Ordonez as the Company's Deputy Chief Financial Officer, effective January 16, 2023. Michael Levine, Payoneer's current CFO, will step down from his position in March 2023 at which time it is our expectation that the Board of Directors of the Company will appoint Ordonez as CFO, and she would report to Co-CEO John Caplan. "On behalf of John and everyone at Payoneer, I would like to express my sincere gratitude to Michael for
NEW YORK, Jan. 26, 2022 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600: Constellation Energy Corp. (NASD:CEG) will replace The Gap Inc. (NYSE:GPS) in the S&P 500, The Gap will replace Jack in the Box Inc. (NASD:JACK) in the S&P MidCap 400, and Jack in the Box will replace Spectrum Pharmaceuticals Inc.(NASD:SPPI) in the S&P SmallCap 600 prior to the opening of trading on Thursday, February 3. S&P 500 and 100 constituent Exelon Corp. (NASD: EXC) is spinning off Constellation Energy in a transaction expected to be completed on February 2. Post spin-off, Exelon will remain in the S&P 500 and 100. The Gap is more represen
Key Performance Highlights GAAP net income available to common stockholders was $109.6 million.Adjusted net income was $121.9 million, an all-time high, and an increase of 22.4% over the linked quarter.Adjusted PPNR, excluding accretion income,1, 2 was $130.8 million; an increase of $10.1 million, or 8.4%, versus the linked quarter. For the full year, adjusted PPNR was $499.6 million in 2021 compared to $493.6 million in 2020.Reported tax equivalent net interest margin excluding accretion income1 was 3.23% compared to 3.25% in the linked quarter.Cost of funding liabilities was unchanged from the linked quarter at 19 bps; earning asset yields decreased by three bps to 3.49%.Total core depo
Sterling Bancorp (NYSE:STL) reported its Q4 earnings results on Wednesday, January 19, 2022 at 04:00 PM. Here's what investors need to know about the announcement. Earnings Sterling Bancorp beat estimated earnings by 23.08%, reporting an EPS of $0.64 versus an estimate of $0.52, which surprised analysts. Revenue was up $4.67 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.01, which was followed by a 2.16% drop in the share price the next day. Here's a look at Sterling Bancorp's past performance: Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020 EPS Estimate 0.51 0.50 0.46 0.46
Sterling Bancorp (NYSE:STL) reported quarterly earnings of $0.57 per share which beat the analyst consensus estimate of $0.52 by 9.62 percent. This is a 16.33 percent increase over earnings of $0.49 per share from the same period last year. The company reported quarterly sales of $255.95 million which beat the analyst consensus estimate of $219.50 million by 16.60 percent. This is a 15.28 percent increase over sales of $222.03 million the same period last year.
Companies Reporting Before The Bell • Community Trust Bancorp (NASDAQ:CTBI) is likely to report quarterly earnings at $1.06 per share on revenue of $55.05 million. • Prologis (NYSE:PLD) is likely to report quarterly earnings at $1.10 per share on revenue of $1.06 billion. • Comerica (NYSE:CMA) is projected to report quarterly earnings at $1.58 per share on revenue of $734.00 million. • BOK Financial (NASDAQ:BOKF) is likely to report quarterly earnings at $1.81 per share on revenue of $452.93 million. • OFG Bancorp (NYSE:OFG) is projected to report quarterly earnings at $0.76 per share on revenue of $103.76 million. • State Street (NYSE:STT) is projected to report quarterly earnings
15-12B - STERLING BANCORP (0001070154) (Filer)
S-8 POS - STERLING BANCORP (0001070154) (Filer)
S-8 POS - STERLING BANCORP (0001070154) (Filer)
Key Performance Highlights GAAP net income available to common stockholders was $109.6 million.Adjusted net income was $121.9 million, an all-time high, and an increase of 22.4% over the linked quarter.Adjusted PPNR, excluding accretion income,1, 2 was $130.8 million; an increase of $10.1 million, or 8.4%, versus the linked quarter. For the full year, adjusted PPNR was $499.6 million in 2021 compared to $493.6 million in 2020.Reported tax equivalent net interest margin excluding accretion income1 was 3.23% compared to 3.25% in the linked quarter.Cost of funding liabilities was unchanged from the linked quarter at 19 bps; earning asset yields decreased by three bps to 3.49%.Total core depo
PEARL RIVER, N.Y., Jan. 19, 2022 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE:STL), the parent company of Sterling National Bank, today announced that the Board of Directors has declared a quarterly cash dividend of $0.07 per share. The dividend is payable February 18, 2022, to holders of record as of January 24, 2022. About Sterling Bancorp Sterling Bancorp, whose principal subsidiary is Sterling National Bank, specializes in the delivery of service and solutions to business owners, their families and consumers within the communities we serve through teams of dedicated and experienced relationship managers. Sterling National Bank offers a complete line of commercial, business, and consume
PEARL RIVER, N.Y., Dec. 10, 2021 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE:STL), the parent company of Sterling National Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $16.25 per share ($0.40625 per each depositary share) on its 6.50% Series A Non-Cumulative Perpetual Preferred stock (NYSE:STLPRA). The dividend is payable on January 14, 2022 to shareholders of record as of December 30, 2021. About Sterling Bancorp Sterling Bancorp, whose principal subsidiary is Sterling National Bank, specializes in the delivery of service and solutions to business owners, their families and consumers within the communities we serve through teams of dedicated
Bea Ordonez to be Successor for Michael Levine Payoneer Global Inc. ("Payoneer" or the "Company") (NASDAQ:PAYO), the financial technology company empowering the world's small businesses to transact, do business and grow globally, today announced the appointment of Bea Ordonez as the Company's Deputy Chief Financial Officer, effective January 16, 2023. Michael Levine, Payoneer's current CFO, will step down from his position in March 2023 at which time it is our expectation that the Board of Directors of the Company will appoint Ordonez as CFO, and she would report to Co-CEO John Caplan. "On behalf of John and everyone at Payoneer, I would like to express my sincere gratitude to Michael for