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