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. More Details
Flawless balance sheet, undervalued and pays a dividend.
Share Price & News
How has Sterling Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: STL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: STL's weekly volatility (5%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: STL exceeded the US Banks industry which returned 65.1% over the past year.
Return vs Market: STL exceeded the US Market which returned 53.9% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Sterling Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StIs It Worth Buying Sterling Bancorp (NYSE:STL) For Its 1.2% Dividend Yield?
1 month ago | Simply Wall StSenior EVP & Corporate Banking President Thomas Geisel Just Sold A Bunch Of Shares In Sterling Bancorp (NYSE:STL)
2 months ago | Simply Wall StThis Insider Has Just Sold Shares In Sterling Bancorp (NYSE:STL)
Is Sterling Bancorp undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: STL ($22.75) is trading below our estimate of fair value ($34.85)
Significantly Below Fair Value: STL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: STL is poor value based on its PE Ratio (20.3x) compared to the US Banks industry average (13.2x).
PE vs Market: STL is good value based on its PE Ratio (20.3x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: STL is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: STL is good value based on its PB Ratio (1x) compared to the US Banks industry average (1.1x).
How is Sterling Bancorp forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: STL's forecast earnings growth (27.8% per year) is above the savings rate (2%).
Earnings vs Market: STL's earnings (27.8% per year) are forecast to grow faster than the US market (18.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: STL's revenue (16.3% per year) is forecast to grow faster than the US market (9.9% per year).
High Growth Revenue: STL's revenue (16.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: STL's Return on Equity is forecast to be low in 3 years time (8.9%).
How has Sterling Bancorp performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: STL has high quality earnings.
Growing Profit Margin: STL's current net profit margins (29.1%) are lower than last year (42.2%).
Past Earnings Growth Analysis
Earnings Trend: STL's earnings have grown significantly by 25.3% per year over the past 5 years.
Accelerating Growth: STL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: STL had negative earnings growth (-47.9%) over the past year, making it difficult to compare to the Banks industry average (1.4%).
Return on Equity
High ROE: STL's Return on Equity (4.9%) is considered low.
How is Sterling Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: STL's Assets to Equity ratio (6.5x) is low.
Allowance for Bad Loans: STL has a sufficient allowance for bad loans (195%).
Low Risk Liabilities: 92% of STL's liabilities are made up of primarily low risk sources of funding.
Loan Level: STL has an appropriate level of Loans to Assets ratio (72%).
Low Risk Deposits: STL's Loans to Deposits ratio (93%) is appropriate.
Level of Bad Loans: STL has an appropriate level of bad loans (0.8%).
What is Sterling Bancorp current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: STL's dividend (1.23%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.26%).
High Dividend: STL's dividend (1.23%) is low compared to the top 25% of dividend payers in the US market (3.5%).
Stability and Growth of Payments
Stable Dividend: STL's dividends per share have been stable in the past 10 years.
Growing Dividend: STL's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (24.9%), STL's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: STL's dividends in 3 years are forecast to be thoroughly covered by earnings (12.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jack Kopnisky (64 yo)
Mr. Jack L. Kopnisky serves as the Chief Executive Officer of Sterling National Bank and served as its President until January 27, 2020. Mr. Kopnisky has been the Chief Executive Officer and President of S...
CEO Compensation Analysis
Compensation vs Market: Jack's total compensation ($USD7.16M) is above average for companies of similar size in the US market ($USD5.09M).
Compensation vs Earnings: Jack's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: STL's management team is seasoned and experienced (5.9 years average tenure).
Experienced Board: STL's board of directors are seasoned and experienced ( 10 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: STL insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Sterling Bancorp's company bio, employee growth, exchange listings and data sources
- Name: Sterling Bancorp
- Ticker: STL
- Exchange: NYSE
- Founded: 1888
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$4.548b
- Shares outstanding: 193.46m
- Website: https://www.sterlingbancorp.com
Number of Employees
- Sterling Bancorp
- Two Blue Hill Plaza
- Second Floor
- Pearl River
- New York
- United States
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 Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/13 22:19|
|End of Day Share Price||2021/04/13 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.