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 Analysis

Undervalued with excellent balance sheet 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's share price has been volatile over the past 3 months.

Market Performance

7 Day Return




US Banks


US Market

1 Year Return




US Banks


US Market

Return vs Industry: STL underperformed the US Banks industry which returned -27.8% over the past year.

Return vs Market: STL underperformed the US Market which returned -10.7% over the past year.

Shareholder returns

7 Day8.6%2.9%5.3%
30 Day-41.0%-26.3%-13.6%
90 Day-50.7%-39.3%-19.8%
1 Year-46.0%-46.7%-25.6%-27.8%-8.9%-10.7%
3 Year-52.8%-54.6%-17.1%-23.1%15.5%8.0%
5 Year-16.5%-22.4%10.9%-1.7%35.2%20.4%

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 ($10.45) is trading below our estimate of fair value ($35.09)

Significantly Below Fair Value: STL is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: STL is good value based on its PE Ratio (5.1x) compared to the Banks industry average (8.9x).

PE vs Market: STL is good value based on its PE Ratio (5.1x) compared to the US market (13.1x).

Price to Earnings Growth Ratio

PEG Ratio: STL is poor value based on its PEG Ratio (13.3x)

Price to Book Ratio

PB vs Industry: STL is good value based on its PB Ratio (0.5x) compared to the US Banks industry average (0.8x).

Next Steps

Future Growth

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 (0.4% per year) is below the savings rate (1.7%).

Earnings vs Market: STL's earnings (0.4% per year) are forecast to grow slower than the US market (12.3% per year).

High Growth Earnings: STL's earnings are forecast to grow, but not significantly.

Revenue vs Market: STL's revenue (3.6% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: STL's revenue (3.6% 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 (10.2%).

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 (42.2%) are lower than last year (43.4%).

Past Earnings Growth Analysis

Earnings Trend: STL's earnings have grown significantly by 43% 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 (-4.6%) over the past year, making it difficult to compare to the Banks industry average (10.9%).

Return on Equity

High ROE: STL's Return on Equity (9.4%) 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

Inventory Level: STL has a low level of unsold assets or inventory.

Debt Coverage by Assets: STL's debt is not covered by short term assets (assets are 0.2x debt).

Financial Institutions Analysis

Asset Level: STL's level of assets compared to its equity is low.

Allowance for Bad Loans: STL has a low allowance for bad loans.

Low Risk Liabilities: STL's liabilities are made up of primarily low risk sources of funding.

Loan Level: STL has an acceptable proportion of non-loan assets held.

Low Risk Deposits: STL's loans are broadly funded by customer deposits.

Level of Bad Loans: STL has an appropriate level of bad loans (0.83%)

Next Steps


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


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: STL's dividend (2.68%) is higher than the bottom 25% of dividend payers in the US market (1.95%).

High Dividend: STL's dividend (2.68%) is low compared to the top 25% of dividend payers in the US market (5.37%).

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 (13.7%), STL's dividend payments are thoroughly covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: STL's dividends in 3 years are forecast to be well covered by earnings (17% payout ratio).

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Jack Kopnisky (63yo)





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 ($USD4.28M) is about average for companies of similar size in the US market ($USD4.61M).

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
President8.67yrsUS$4.28m0.26% $5.4m
Luis Massiani
Senior EVP & CFO7.25yrsUS$1.81m0.080% $1.6m
Rodney Whitwell
Senior EVP & Chief Administrative Officer2.67yrsUS$1.16m0.031% $646.7k
Michael Finn
Senior EVP & Chief Risk Officerno dataUS$1.17m0.041% $838.5k
Thomas Geisel
Senior EVP & Corporate Banking President4.92yrsUS$1.14m0.018% $366.8k
Emlen Harmon
Senior VP & Director of Investor Relationsno datano datano data
James Blose
Executive VP4.75yrsUS$785.90k0.022% $458.9k
Javier Evans
Executive VP & Chief Human Resource Officerno datano data0.013% $278.5k
Richard Jones
Executive VP & Market President15.25yrsUS$316.70kno data
James Peoples
Senior Advisor8.33yrsUS$1.32mno data


Average Tenure


Average Age

Experienced Management: STL's management team is seasoned and experienced (7.3 years average tenure).

Board Members

Jack Kopnisky
President8.67yrsUS$4.28m0.26% $5.4m
Burt Steinberg
Independent Director 20.17yrsUS$141.48k0.14% $2.8m
Ralph Palleschi
Independent Director24.17yrsUS$116.23k0.041% $844.3k
Fernando Ferrer
Independent Director18.17yrsUS$117.48k0.016% $323.1k
James Landy
Independent Director20.17yrsUS$126.23k0.19% $4.0m
Patricia Nazemetz
Independent Director7.17yrsUS$115.48k0.0081% $168.4k
John Cahill
Independent Director9.17yrsUS$127.98k0.013% $261.3k
Navy Djonovic
Independent Director9.42yrsUS$117.73k0.0096% $198.6k
William Whiston
Independent Director7.17yrsUS$120.48k0.012% $248.3k
Richard O'Toole
Independent Chairman of the Board2.83yrsUS$195.48k0.022% $459.7k


Average Tenure


Average Age

Experienced Board: STL's board of directors are considered experienced (9.3 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: STL insiders have sold more shares than they have bought 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$2.069b
  • Shares outstanding: 197.97m
  • 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)6.5% DEP SHS1/40USUSDOct 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 accepts deposit products, including checking, savings, money market, time, and interest and non-interest bearing demand deposits, as well as certificates of deposit and mortgage escrow funds. It originates various loans that comprise residential and commercial mortgage loans; commercial and industrial, asset-based, payroll finance, warehouse, factored receivables, equipment finance, public sector, and commercial real estate and multi-family 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. In addition, the company engages in the third-party provider to sell mutual funds and annuities; and provision of annuity and wealth management products. As of December 31, 2018, it operated 106 full-service retail and commercial financial centers, which comprise 24 offices are located in Nassau County, 22 in Suffolk County, 14 in Queens County, 12 in Westchester County, 11 in Kings County, 8 in Rockland County, 6 in Orange County, 3 in New York City, and 2 in Bronx County, as well as 1 office each in Sullivan, Ulster, and Putnam Counties in New York; and 1 office in Bergen County, New Jersey. The company was founded in 1888 and is based in Montebello, New York. 

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/01 00:55
End of Day Share Price2020/03/31 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.