STL - Sterling Bancorp Looks to Continue to Trade Above its Annual-High Share Price Today
Shares of Sterling Bancorp (NYSE:STL) traded today at $28.09, eclipsing its 52-week high. Approximately 380,000 shares have changed hands today, as compared to an average 30-day volume of 1.4 million shares.
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, Sterling Bancorp share prices are bracketed by a low of $17.77 and a high of $28.09 and is now at $27.93, 57% above that low price.
Sterling Bancorp (NYSE:STL) defies analysts with a current price ($27.93) 41.1% above its average consensus price target of $16.46.
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