Sterling Bancorp – Consensus Indicates Potential 16.8% Upside

Broker Ratings

Sterling Bancorp found using ticker (STL) have now 8 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 30 and 22.5 and has a mean target at 27.19. Given that the stocks previous close was at 23.28 this now indicates there is a potential upside of 16.8%. The day 50 moving average is 22.59 and the 200 day moving average is 23.89. The market capitalisation for the company is $4,548m. You can visit the company’s website by visiting: http://www.sterlingbancorp.com

Sterling Bancorp operates as the bank holding company for Sterling National Bank that provides various banking products and services to commercial, consumer, and municipal clients in the United States. The company accepts deposit products, including interest and non-interest checking, savings, money market, time, and demand deposits, as well as certificates of deposit. Its loan products include commercial and industrial, asset-based, payroll finance, warehouse, factored receivables, equipment finance, public sector finance, and commercial real estate, such as multi-family loans; residential and commercial mortgage loans; consumer loans, such as homeowner loans, home equity lines of credit, new and used automobile loans, and personal unsecured loans; and acquisition, development, and construction loans. The company also engages in the third-party provider to sell mutual funds and annuities; and provision of annuity and wealth management products. As of December 31, 2020, it operated 76 full-service retail and commercial financial centers in the New York Metro Market and the New York Suburban Market. Sterling Bancorp was founded in 1888 and is headquartered in Pearl River, New York.

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