Sterling Bancorp with ticker code (STL) have now 4 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 32 and 26 and has a mean target at 28. Now with the previous closing price of 27.17 this would imply there is a potential upside of 3.1%. There is a 50 day moving average of 26.5 and the 200 day moving average is 25.06. The market capitalisation for the company is $5,059m. Company Website: https://www.sterlingbancorp.com
The potential market cap would be $5,214m based on the market concensus.
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, luding interest and non-interest checking, savings, money market, time, and demand deposits, as well as certificates of deposit. Its loan products lude commercial and industrial, asset-based, payroll finance, warehouse, factored receivables, equipment finance, public sector finance, and commercial real estate, such as multi-family loans; residential and commercial mortgage 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. The company also engages in the third-party provider to sell mutual funds and annuities; and provision of annuity and wealth management products. As of December 31, 2020, it operated 76 full-service retail and commercial financial centers in the New York Metro Market and the New York Suburban Market. Sterling Bancorp was founded in 1888 and is headquartered in Pearl River, New York.
