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.



Excellent 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

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 0.2% over the past year.

Return vs Market: STL underperformed the US Market which returned 6.7% over the past year.

Share holder returns

7 Day0.9%1.4%1.0%
30 Day-7.0%-2.6%-1.8%
90 Day-7.7%0.8%-1.8%
1 Year-3.8%-5.1%3.1%0.2%9.1%6.7%
3 Year18.3%13.8%52.0%41.5%46.1%36.6%
5 Year61.9%50.0%69.7%51.2%66.9%48.6%

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 based on future cash flows and its price relative to the stock market?


Discount to future cash flow value

Intrinsic Value Based on Future Cash Flows

Undervalued: STL ($19.51) is trading below our estimate of fair value ($25.42)

Significantly Undervalued: STL is trading below fair value, but not by a significant amount.

Price Based on Earnings

PE vs Industry: STL is good value based on its PE Ratio (10x) compared to the Banks industry average (12.5x).

PE vs Market: STL is good value based on its PE Ratio (10x) compared to the US market (17.5x).

Price Based on Expected Growth

Low PEG Ratio: STL is poor value based on its PEG Ratio (2.1x)

Price Based on Value of Assets

PB vs Industry: STL is good value based on its PB Ratio (0.9x) compared to the US Banks industry average (1.2x).

Next Steps

Future Growth

How is Sterling Bancorp expected to perform in the next 1 to 3 years based on estimates from 9 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Estimates

Future Annual Growth Analysis

Earnings vs Savings Rate: STL's forecast earnings growth (4.8% per year) is above the savings rate (2.7%).

Earnings vs Market: STL's earnings (4.8% per year) are forecast to grow slower than the US market (14.5% per year).

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

Revenue vs Market: STL's revenue (2.3% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: STL's revenue (2.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Estimates

Future Return on Equity

High Future ROE: STL's Return on Equity is forecast to be low in 3 years time (9.7%).

Next Steps

Past Performance

How has Sterling Bancorp performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Past Earnings Growth Analysis

Earnings Trend: STL's earnings have grown significantly by 47.2% per year over the past 5 years.

Accelerating Growth: STL's earnings growth over the past year (93.9%) exceeds its 5-year average (47.2% per year).

Earnings vs Industry: STL earnings growth over the past year (93.9%) exceeded the Banks industry 31.8%.

Return on Equity

High ROE: STL's Return on Equity (9.7%) is considered low.

Return on Assets

ROA vs Industry: STL has a higher Return on Assets than the Banks industry average last year.

Return on Capital Employed

ROCE Improving: Insufficient data to calculate STL's Return on Capital Employed to determine if it has improved over the past 3 years.

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 0.1x 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 (0.95%)

Next Steps


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


Expected Dividend Yield

Dividend Yield vs Market


Current dividend yield vs market & industry

Dividend Yield and Payments Analysis

Notable Dividend: STL's dividend (1.44%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: STL's dividend (1.44%) is low compared to the top 25% of dividend payers in the US market (3.77%).

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 (14.3%), 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 thoroughly covered by earnings (13.4% payout ratio).

Next Steps


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


Average management tenure


Jack Kopnisky (63yo)





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

Compensation vs. Market: Jack's total compensation ($USD4.28M) is about average for companies of similar size in the US market ($USD5.11M).

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

Management Age and Tenure


Average Tenure


Average Age

Experienced Management: STL's management team is seasoned and experienced (6.3 years average tenure).

Board Age and Tenure


Average Tenure


Average Age

Experienced Board: STL's board of directors are considered experienced (8.9 years average tenure).

Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

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


    • Tenure: 8.3yrs
    • Compensation: US$4.28m
  • Tom Geisel (58yo)

    Senior EVP & Corporate Banking President

    • Tenure: 4.5yrs
    • Compensation: US$1.14m
  • Jim Peoples (70yo)

    Senior Advisor

    • Tenure: 7.9yrs
    • Compensation: US$1.32m
  • Edward Nebb

    Investor Relation

    • Tenure: 5.8yrs
  • Rodney Whitwell (61yo)

    Senior EVP & Chief Administrative Officer

    • Tenure: 2.3yrs
    • 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: 19.8yrs
    • Compensation: US$141.48k
  • Ralph Palleschi (73yo)

    Independent Director

    • Tenure: 23.8yrs
    • Compensation: US$116.23k
  • Fernando Ferrer (69yo)

    Independent Director

    • Tenure: 17.8yrs
    • Compensation: US$117.48k
  • Jim Landy (64yo)

    Independent Director

    • Tenure: 19.8yrs
    • Compensation: US$126.23k
  • Pat Nazemetz (69yo)

    Independent Director

    • Tenure: 6.8yrs
    • Compensation: US$115.48k
  • Jack Kopnisky (63yo)


    • Tenure: 8.3yrs
    • Compensation: US$4.28m
  • John Cahill (64yo)

    Independent Director

    • Tenure: 8.8yrs
    • Compensation: US$127.98k
  • Navy Djonovic (53yo)

    Independent Director

    • Tenure: 9yrs
    • Compensation: US$117.73k
  • Bill Whiston (65yo)

    Independent Director

    • Tenure: 6.8yrs
    • Compensation: US$120.48k
  • Richard O’Toole (63yo)

    Independent Chairman of the Board

    • Tenure: 2.4yrs
    • 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$4.003b
  • Shares outstanding: 205.20m
  • 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 Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 01:48
End of Day Share Price2019/10/11 00:00
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.


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