Stephens Sticks to Their Buy Rating for Sterling Bancorp (STL)

By Jason Carr

In a report released yesterday, Matthew Breese from Stephens reiterated a Buy rating on Sterling Bancorp (STLResearch Report), with a price target of $24.50. The company’s shares closed last Monday at $20.75.

According to TipRanks.com, Breese is a 4-star analyst with an average return of 7.1% and a 66.9% success rate. Breese covers the Financial sector, focusing on stocks such as Dime Community Bancshares, People’s United Financial, and Valley National Bancorp.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sterling Bancorp with a $26.17 average price target, a 25.1% upside from current levels. In a report issued on October 24, B.Riley FBR also reiterated a Buy rating on the stock with a $26.00 price target.

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The company has a one-year high of $22.17 and a one-year low of $15.62. Currently, Sterling Bancorp has an average volume of 1.4M.

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Sterling Bancorp operates as a financial and bank holding company of Sterling National Bank. It offers commercial, business, and consumer banking products and services through its subsidiary. The company was founded in 1888 and is headquartered in Montebello, NY.