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.
Very undervalued with flawless balance sheet 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's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: STL underperformed the US Banks industry which returned -25.2% over the past year.
Return vs Market: STL underperformed the US Market which returned 12.5% over the past year.
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
2 weeks ago | Simply Wall StWhat You Need To Know About Sterling Bancorp's (NYSE:STL) Investor Composition
1 month ago | Simply Wall StSterling Bancorp (NYSE:STL) Vies For A Place In Your Dividend Portfolio: Here's Why
2 months ago | Simply Wall StImagine Owning Sterling Bancorp (NYSE:STL) And Wondering If The 42% Share Price Slide Is Justified
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 ($11.25) is trading below our estimate of fair value ($15.55)
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 (7.8x) compared to the US Banks industry average (9.6x).
PE vs Market: STL is good value based on its PE Ratio (7.8x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: STL is good value based on its PEG Ratio (0.4x)
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).
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 (20.6% per year) is above the savings rate (2.2%).
Earnings vs Market: STL's earnings (20.6% per year) are forecast to grow slower than the US market (22.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: STL's revenue (1.9% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: STL's revenue (1.9% 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 (6.4%).
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 (35.6%) are lower than last year (42.2%).
Past Earnings Growth Analysis
Earnings Trend: STL's earnings have grown significantly by 36.1% 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 (-32.5%) over the past year, making it difficult to compare to the Banks industry average (-2.9%).
Return on Equity
High ROE: STL's Return on Equity (6.6%) 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 (6.9x) is low.
Allowance for Bad Loans: STL has a sufficient allowance for bad loans (140%).
Low Risk Liabilities: 90% 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 (71%).
Low Risk Deposits: STL's Loans to Deposits ratio (93%) is appropriate.
Level of Bad Loans: STL has an appropriate level of bad loans (1.2%).
What is Sterling Bancorp current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: STL's dividend (2.49%) is higher than the bottom 25% of dividend payers in the US market (1.66%).
High Dividend: STL's dividend (2.49%) is low compared to the top 25% of dividend payers in the US market (4.51%).
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 (19.4%), 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 well covered by earnings (16.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jack Kopnisky (64yo)
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 ($USD4.67M).
Compensation vs Earnings: Jack's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Senior EVP & CFO||7.67yrs||US$3.45m||0.081% $1.8m|
|Senior EVP & Chief Administrative Officer||3.08yrs||US$2.26m||0.035% $763.6k|
|Senior EVP & Corporate Banking President||5.33yrs||US$2.41m||0.014% $305.6k|
|Senior EVP & Chief Risk Officer||no data||US$2.32m||0.041% $903.2k|
|Senior VP & Director of Investor Relations||no data||no data||no data|
|Executive VP||5.17yrs||US$785.90k||0.024% $516.6k|
|Executive VP & Chief Human Resource Officer||no data||no data||0.014% $305.0k|
|Executive VP & Market President||15.67yrs||US$316.70k||no data|
|Senior Advisor||8.75yrs||US$1.32m||no data|
|Executive Vice President and Chief Credit Officer||no data||no data||no data|
|Senior Executive VP & Consumer Banking President||no data||no data||0.051% $1.1m|
Experienced Management: STL's management team is seasoned and experienced (7.7 years average tenure).
|Independent Director||20.58yrs||US$141.48k||0.14% $3.0m|
|Independent Director||5.58yrs||US$122.23k||0.0089% $193.6k|
|Independent Director||24.58yrs||US$117.98k||0.042% $909.1k|
|Independent Director||18.58yrs||US$116.73k||0.016% $359.2k|
|Non-Independent Director||20.58yrs||US$122.98k||0.20% $4.3m|
|Independent Director||7.58yrs||US$123.06k||0.0085% $186.4k|
|Independent Director||2.25yrs||US$118.73k||0.0025% $53.8k|
|Independent Director||9.58yrs||US$127.73k||0.013% $292.5k|
|Independent Director||9.83yrs||US$120.98k||0.010% $224.9k|
|Independent Director||7.58yrs||US$125.48k||0.013% $278.7k|
|Independent Chairman of the Board||3.25yrs||US$190.15k||0.027% $596.4k|
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 bought more shares than they have sold 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$2.188b
- Shares outstanding: 194.48m
- Website: https://www.sterlingbancorp.com
Number of Employees
- Sterling Bancorp
- 400 Rella Boulevard
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|STL||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jan 1999|
|PVDA||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1999|
|STL.PRA||NYSE (New York Stock Exchange)||6.5% DEP SHS1/40||US||USD||Oct 2017|
|SLBC34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 1 REP 1 COM USD0.01||BR||BRL||May 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 also originates various loans that comprise residential and commercial mortgage loans; commercial and industrial, asset-based, payroll finance, warehouse, factored receivables, equipment finance, public sector finance, and commercial real estate and multi-family loans; consumer loans, such as homeowner loans, home equity lines of credit, new and used automobile loans, mortgage 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, 2019, it operated 82 full-service retail and commercial financial centers, which comprise 21 offices are located in Nassau County, 16 in Suffolk County, 11 in Queens County, seven in Westchester County, nine in Kings County, seven in Rockland County, five in Orange County, New York City, and two in Bronx County, as well as one office each in Sullivan and Ulster Counties in New York; and one office in Bergen County, New Jersey. Sterling Bancorp was founded in 1888 and is headquartered in Montebello, New York.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/02 23:32|
|End of Day Share Price||2020/07/31 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.