STL - Shares of Sterling Bancorp (STL) Have Risen Above Previous 52-Week High

Sterling Bancorp (NYSE:STL) traded today at a new 52-week high of $27.29. This new high was reached on below average trading volume as 339,000 shares traded hands, while the average 30-day volume is approximately 1.2 million shares.

Based on a current price of $27.17, Sterling Bancorp is currently 40.6% above its average consensus analyst price target of $16.13.

Sterling Bancorp is a financial and bank holding company that operates primarily through its wholly owned subsidiary, Sterling National Bank. Sterling National Bank is a full-service regional bank that primarily delivers products and services to small and middle market commercial businesses and affluent consumers. Those products and services include deposit, lending, and wealth management products. The bank's strategy emphasizes growth, efficiency, and relationship building with its niche target market. It primarily operates in the New York metropolitan and suburban markets. Nearly all of its loan portfolio is in commercial loans, a plurality of which is in commercial real estate, followed by traditional commercial and industrial loans.

In the past 52 weeks, shares of Sterling Bancorp have traded between a low of $12.98 and a high of $27.29 and is now at $27.17, which is 109% above that low price.

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