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Tuesday, October 27, 2020

Sterling Bancorp (NYSE:STL) on the Path to Profitability

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Sterling Bancorp (STL) shares are trading at higher $10.62 and the avg recommendation for the stock is Strong Buy, while the current analyst price target stands at $15.33.

To add more color to this target, the company’s high over the last year is $21.63 and the low is $7.01. Over the last 52 weeks, STL is down -47.81% while the S&P 500 is up 13.13%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, STL reported a profit of $213.3 million. Sterling Bancorp also saw revenues increase to $253.23 million. In addition, STL has free cash flow of $21.73 million as of 06-2020.

STL booked profit margins of 25.60%, its Return on Equity (ROE) is 6.60%, and its Return on Assets is 0.90%. All told, it is clear that, STL needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. STL has a short ratio of 2.59 and outstanding shares of 193.48M.

Company Outlook

STL has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at 1.43. Investors should also keep an eye on sector updates as STL has historically followed its peers on positive news.

All told, Sterling Bancorp STL has strung together solid data and demonstrated underlying fundamentals. At its current valuation, STL represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Sterling Bancorp STL is now commanding a market cap of 2.04B and a float of 192.56M. STL is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of STL stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in STL, either long or short, and we have not been compensated for this article.

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