NYSE:STL

Stock Analysis Report

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.

Snowflake

Fundamentals

Excellent balance sheet with proven track record 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


Market Performance


7 Day Return

1.7%

NYSE:STL

3.4%

US Banks

1.1%

US Market


1 Year Return

-6.4%

NYSE:STL

-3.7%

US Banks

2.1%

US Market

STL underperformed the Banks industry which returned -3.7% over the past year.

STL underperformed the Market in United States of America which returned 2.1% over the past year.


Share holder returns

STLIndustryMarket
7 Day1.7%3.4%1.1%
30 Day7.2%9.7%3.7%
90 Day1.4%5.1%2.3%
1 Year-5.1%-6.4%-1.0%-3.7%4.4%2.1%
3 Year25.3%20.6%56.1%45.4%47.0%37.4%
5 Year73.2%60.4%63.5%45.7%61.6%43.8%

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

Valuation

Is Sterling Bancorp undervalued based on future cash flows and its price relative to the stock market?

20%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Sterling Bancorp's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Sterling Bancorp's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Sterling Bancorp is good value based on earnings compared to the US Banks industry average.

Sterling Bancorp is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Sterling Bancorp is poor value based on expected growth next year.


Price Based on Value of Assets

Sterling Bancorp is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Sterling Bancorp expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

6.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Sterling Bancorp's revenue is expected to grow by 2.8% yearly, however this is not considered high growth (20% yearly).

Sterling Bancorp's earnings are expected to grow by 6.7% yearly, however this is not considered high growth (20% yearly).

Sterling Bancorp's revenue growth is positive but not above the United States of America market average.

Sterling Bancorp's earnings growth is positive but not above the United States of America market average.

Sterling Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Sterling Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Sterling Bancorp performed over the past 5 years?

47.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Sterling Bancorp has delivered over 20% year on year earnings growth in the past 5 years.

Sterling Bancorp's 1-year earnings growth exceeds its 5-year average (93.9% vs 47.2%)

Sterling Bancorp's earnings growth has exceeded the US Banks industry average in the past year (93.9% vs 31.7%).


Return on Equity

Sterling Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Sterling Bancorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Sterling Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


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

Information is not available.

Information is not available.


Financial Institutions Analysis

Sterling Bancorp has an acceptable proportion of non-loan assets held.

Sterling Bancorp has a low allowance for bad loans.

Sterling Bancorp's liabilities are made up of primarily low risk sources of funding.

Sterling Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Sterling Bancorp are broadly funded by customer deposits.

Sterling Bancorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

1.40%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Sterling Bancorp's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).

Sterling Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.67%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are thoroughly covered by earnings (7x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be thoroughly covered by earnings (7x coverage).


Next Steps

Management

What is the CEO of Sterling Bancorp's salary, the management and board of directors tenure and is there insider trading?

6.2yrs

Average management tenure


CEO

Jack Kopnisky (63yo)

8.2yrs

Tenure

US$4,284,994

Compensation

Mr. Jack L. Kopnisky serves as the Chief Executive Officer and President of Sterling National Bank. Mr. Kopnisky has been the Chief Executive Officer and President of Sterling Bancorp since July 6, 2011. H ...


CEO Compensation Analysis

Jack's remuneration is about average for companies of similar size in United States of America.

Jack's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

6.2yrs

Average Tenure

59.5yo

Average Age

The average tenure for the Sterling Bancorp management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

8.8yrs

Average Tenure

64.5yo

Average Age

The tenure for the Sterling Bancorp board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellUS$31,57918 Jun 19
Javier Evan
EntityIndividual
Role
Head of Human Resources
Chief Human Resource Officer
Shares1,533
Max PriceUS$20.61
SellUS$259,65230 Apr 19
Thomas Geisel
EntityIndividual
Role
Unit President
Senior EVP & Corporate Banking President
Shares12,335
Max PriceUS$21.05
SellUS$198,97220 Mar 19
Brian Edwards
EntityIndividual
Shares9,855
Max PriceUS$20.21
SellUS$1,064,80004 Feb 19
James Landy
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares55,000
Max PriceUS$19.36
BuyUS$85,05025 Oct 18
Richard O’Toole
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares5,000
Max PriceUS$17.01

Ownership Breakdown


Management Team

  • Richard Jones (70yo)

    Executive VP & Market President

    • Tenure: 14.8yrs
    • Compensation: US$316.70k
  • Jack Kopnisky (63yo)

    President

    • Tenure: 8.2yrs
    • Compensation: US$4.28m
  • Tom Geisel (58yo)

    Senior EVP & Corporate Banking President

    • Tenure: 4.4yrs
    • Compensation: US$1.14m
  • Jim Peoples (70yo)

    Senior Advisor

    • Tenure: 7.8yrs
    • Compensation: US$1.32m
  • Edward Nebb

    Investor Relation

    • Tenure: 5.7yrs
  • Rodney Whitwell (61yo)

    Senior EVP & Chief Administrative Officer

    • Tenure: 2.2yrs
    • Compensation: US$1.16m
  • Luis Massiani (42yo)

    Senior EVP & CFO

    • Tenure: 6.8yrs
    • Compensation: US$1.81m
  • Michael Finn (54yo)

    Senior EVP & Chief Risk Officer

    • Tenure: 0yrs
    • Compensation: US$1.17m
  • James Blose (51yo)

    Executive VP

    • Tenure: 4.3yrs
    • Compensation: US$785.90k
  • Javier Evan

    Chief Human Resource Officer

    • Tenure: 0yrs

Board Members

  • Burt Steinberg (74yo)

    Independent Director

    • Tenure: 19.7yrs
    • Compensation: US$141.48k
  • Ralph Palleschi (73yo)

    Independent Director

    • Tenure: 23.7yrs
    • Compensation: US$116.23k
  • Fernando Ferrer (69yo)

    Independent Director

    • Tenure: 17.7yrs
    • Compensation: US$117.48k
  • Jim Landy (64yo)

    Independent Director

    • Tenure: 19.7yrs
    • Compensation: US$126.23k
  • Pat Nazemetz (69yo)

    Independent Director

    • Tenure: 6.7yrs
    • Compensation: US$115.48k
  • Jack Kopnisky (63yo)

    President

    • Tenure: 8.2yrs
    • Compensation: US$4.28m
  • John Cahill (64yo)

    Independent Director

    • Tenure: 8.7yrs
    • Compensation: US$127.98k
  • Navy Djonovic (53yo)

    Independent Director

    • Tenure: 8.9yrs
    • Compensation: US$117.73k
  • Bill Whiston (65yo)

    Independent Director

    • Tenure: 6.7yrs
    • Compensation: US$120.48k
  • Richard O’Toole (63yo)

    Chairman of the Board

    • Tenure: 2.3yrs
    • Compensation: US$195.48k

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$4.233b
  • Shares outstanding: 205.20m
  • Website: https://www.sterlingbancorp.com

Number of Employees


Location

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

Listings

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)6.5% DEP SHS1/40USUSDOct 2017
SLBC34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 1 REP 1 COM USD0.01BRBRLMay 2019

Biography

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 Analysis2019/09/17 23:52
End of Day Share Price2019/09/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.