Stock Analysis Report

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Executive Summary

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

Snowflake Analysis

Flawless balance sheet, good value and pays a dividend.

Similar Companies

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 +/- 9% a week.

Volatility Over Time: STL's weekly volatility (9%) has been stable over the past year.

Market Performance

7 Day Return




US Banks


US Market

1 Year Return




US Banks


US Market

Return vs Industry: STL exceeded the US Banks industry which returned -7.2% over the past year.

Return vs Market: STL underperformed the US Market which returned 19.6% over the past year.

Shareholder returns

7 Day2.7%0.8%-1.0%
30 Day19.7%13.4%2.3%
90 Day71.3%40.1%13.1%
1 Year1.1%-1.1%-3.8%-7.2%22.3%19.6%
3 Year-17.4%-21.3%1.6%-7.1%45.3%35.7%
5 Year48.0%37.1%87.4%63.6%124.8%99.8%

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


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 ($20.67) is trading below our estimate of fair value ($33.57)

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 (16.3x) compared to the US Banks industry average (12.3x).

PE vs Market: STL is good value based on its PE Ratio (16.3x) compared to the US market (21x).

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's PB Ratio (0.9x) is in line with the US Banks industry average.

Next Steps

Future Growth

How is Sterling Bancorp forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: STL's forecast earnings growth (23.6% per year) is above the savings rate (2%).

Earnings vs Market: STL's earnings (23.6% per year) are forecast to grow faster than the US market (21.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: STL's revenue (2.4% per year) is forecast to grow slower than the US market (10.3% per year).

High Growth Revenue: STL's revenue (2.4% 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 (8.2%).

Next Steps

Past Performance

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 (32.2%) are lower than last year (42.8%).

Past Earnings Growth Analysis

Earnings Trend: STL's earnings have grown significantly by 30.8% 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 (-41.9%) over the past year, making it difficult to compare to the Banks industry average (-4.4%).

Return on Equity

High ROE: STL's Return on Equity (5.6%) is considered low.

Next Steps

Financial Health

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

Balance Sheet

Financial Institutions Analysis

Asset Level: STL's Assets to Equity ratio (6.7x) is low.

Allowance for Bad Loans: STL has a sufficient allowance for bad loans (180%).

Low Risk Liabilities: 93% 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 (91%) is appropriate.

Level of Bad Loans: STL has an appropriate level of bad loans (0.8%).

Next Steps


What is Sterling Bancorp current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: STL's dividend (1.35%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.39%).

High Dividend: STL's dividend (1.35%) is low compared to the top 25% of dividend payers in the US market (3.85%).

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 (22.1%), 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 (14% payout ratio).

Next Steps


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 ($USD7.16M) is above average for companies of similar size in the US market ($USD5.02M).

Compensation vs Earnings: Jack's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

Leadership Team

Jack Kopnisky
$ 11.0m
Luis Massiani
Senior EVP & CFO8.08yrsUS$3.45m0.081%
$ 3.3m
Rodney Whitwell
Senior EVP & Chief Administrative Officer3.5yrsUS$2.26m0.035%
$ 1.4m
Thomas Geisel
Senior EVP & Corporate Banking President5.75yrsUS$2.41m0.014%
$ 561.6k
Michael Finn
Senior EVP & Chief Risk Officerno dataUS$2.32m0.041%
$ 1.7m
Emlen Harmon
Senior Managing Director of Investor Relationsno datano datano data
James Blose
Executive VP5.58yrsUS$785.90k0.022%
$ 866.2k
Javier Evans
Executive VP & Chief Human Resource Officerno datano data0.014%
$ 546.0k
Richard Jones
Executive VP & Market President16.08yrsUS$316.70kno data
James Peoples
Senior Advisor9.17yrsUS$1.32mno data
Wayne Miller
Executive Vice President and Chief Credit Officerno datano datano data
Brian Edwards
Senior Executive VP & Consumer Banking Presidentno datano data0.051%
$ 2.1m


Average Tenure


Average Age

Experienced Management: STL's management team is seasoned and experienced (8.1 years average tenure).

Board Members

Jack Kopnisky
$ 11.0m
Burt Steinberg
Independent Director 21yrsUS$141.48k0.14%
$ 5.5m
Robert Giambrone
Independent Director6yrsUS$122.23k0.010%
$ 413.4k
Ralph Palleschi
Independent Director25yrsUS$117.98k0.043%
$ 1.7m
Fernando Ferrer
Independent Director19yrsUS$116.73k0.018%
$ 717.5k
James Landy
Non-Independent Director21yrsUS$122.98k0.20%
$ 8.0m
Patricia Nazemetz
Independent Director8yrsUS$123.06k0.010%
$ 400.1k
Maureen Mitchell
Independent Director2.67yrsUS$118.73k0.0039%
$ 156.3k
John Cahill
Independent Director10yrsUS$127.73k0.015%
$ 595.0k
Navy Djonovic
Independent Director10.25yrsUS$120.98k0.012%
$ 470.8k
William Whiston
Independent Director8yrsUS$125.48k0.014%
$ 569.3k
Richard O'Toole
Independent Chairman of the Board3.67yrsUS$190.15k0.029%
$ 1.2m


Average Tenure


Average Age

Experienced Board: STL's board of directors are considered experienced (9.8 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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Sterling Bancorp's company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Sterling Bancorp
  • Ticker: STL
  • Exchange: NYSE
  • Founded: 1888
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$4.017b
  • Shares outstanding: 194.36m
  • Website: https://www.sterlingbancorp.com

Number of Employees


  • Sterling Bancorp
  • 400 Rella Boulevard
  • Montebello
  • New York
  • 10901
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
STLNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1999
PVDADB (Deutsche Boerse AG)YesCommon StockDEEURJan 1999
STL.PRANYSE (New York Stock Exchange)6.50% CUM PFD AUSUSDOct 2017
SLBC34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 1 REP 1 COM USD0.01BRBRLMay 2019


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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/17 23:13
End of Day Share Price2021/01/15 00:00
Annual Earnings2019/12/31

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.