Dividend Growth of Sterling Bancorp(STL)

Sterling Bancorp(STL) is having a Dividend Yield of 1.12% with the Annual cash Dividend per share of $0.28. The last quarter cash dividend per share pay out was $0.07. Sterling Bancorp has a 5 year average dividend yield of 2.18% and the stock has a Indicated annual dividend of $0.28. Sterling Bancorp(STL) formally announced its most recent dividend on January 25, 2017 with a Dividend per share of $0.07. The new indicated annual dividend based on announced dividend per share is $0.28. The dividend yield based on the forward looking indicated annual dividend is 1.12%. Sterling Bancorp(STL) has the most recent dividend payout ratio of 0.26 with a 5-year average payout ratio of 0.37. The 5 year historical dividend growth of Sterling Bancorp(STL) is at the rate of 4.55% while the R-Squared dividend growth is 0.72. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Thursdays trading session turned out to be a no-profit no-loss event for Sterling Bancorp (NYSE:STL). The opening trade occurred at $25.05 and the highest and the lowest points of the day were $25.1 and $24.725 respectively. The final trade was registered at $25.05 and the volume by the end of the day had touched 971,200 shares. The 52-week high of the stock is $25.1 and the 52-week low is $13.97. According to the current valuation, the market cap of the company is $3,386 million and the total number of shares available in public circulation is 135,172,020. Shares of Sterling Bancorp rose by 4.59% in the last five trading days and 7.6% for the last 4 weeks. Sterling Bancorp is up 12.16% in the last 3-month period. Year-to-Date the stock performance stands at 7.37%.

Currently the company Insiders own 4.04% of Sterling Bancorp shares according to the proxy statements. Institutional Investors own 73.52% of Sterling Bancorp shares. During last six month period, the net percent change held by insiders has seen a change of -0.89%. Company has reported several Insider transactions to the SEC, on Feb 15, 2017, Craig S Thompson (director) sold 5,500 shares at 24.00 per share price.On Feb 2, 2017, Thomas G Kahn (director) sold 62,000 shares at 23.63 per share price.On Nov 16, 2016, James F. Deutsch (director) sold 100,000 shares at 20.16 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Sterling Bancorp was Upgraded by Piper Jaffray to Overweight on Jan 11, 2017. Sterling Bancorp was Downgraded by Hovde Group to Market Perform on Jan 9, 2017. Company shares were Reiterated by Maxim Group on Dec 19, 2016 to Buy, Raises Price Target to $ 27 from a previous price target of $21 .

Sterling Bancorp is the holding company for Sterling National Bank, a financial services firm. Sterling National Bank provides various banking and financial products and services primarily in New York, New Jersey, and Connecticut. It provides depository and cash management services and a broad portfolio of financing solutions-including working capital lines, accounts receivable and inventory financing, factoring, trade financing, payroll funding and processing, equipment financing, commercial and residential mortgages and mortgage warehouse lines of credit. Sterling Bancorp, formerly known as Provident New York Bancorp, is headquartered in New York.

Sterling

Share this post

Leave a Reply