Sterling Bancorp (STL) Declares $0.07 Quarterly Dividend; 1.5% Yield

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Sterling Bancorp (STL) PT Lowered to $25 at RBC Capital

October 25, 2018 7:41 AM EDT

RBC Capital analyst Jake Civiello lowered the price target on Sterling Bancorp (NYSE: STL) to $25.00 (from $30.00) while maintaining a Outperform rating.

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Sterling Bancorp (STL) Reports In-Line Q3 EPS

October 23, 2018 4:13 PM EDT

Sterling Bancorp (NYSE: STL) reported Q3 EPS of $0.52, in-line with the analyst estimate of $0.52. Revenue for the quarter came in at $268.09 million versus the consensus estimate of $254.4 million.

Presidents Comments

Jack Kopnisky, President and Chief Executive Officer, commented: We continued our strong operating performance in the third quarter of 2018 with record adjusted net income available to common stockholders of $114.3 million and adjusted diluted earnings per share available to common stockholders of $0.51, which represents growth of 138.7% and 45.7%, respectively, over the third quarter of 2017. Our adjusted return on average tangible assets was 1.55% and our adjusted... More