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Recommendations
Sterling Bancorp price target raised to $18 from $17 at B. Riley Securities » 08:47
11/09/20
11/09
08:47
11/09/20
08:47
STL

Sterling Bancorp

/

+

B. Riley Securities…

B. Riley Securities analyst Steve Moss raised the firm's price target on Sterling Bancorp to $18 from $17 and reiterates a Buy rating on the shares following a call with management. The company was "notably upbeat" on the future with multiple levers to drive earnings improvement including the potential for loan growth, net interest margin trends, and fee income to be higher than Street expectations, Moss tells investors in a research note. The analyst views the stock's risk/reward as favorable.

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STL Sterling Bancorp
/

+

STL Sterling Bancorp
/

+

10/23/20 B. Riley Securities
Sterling Bancorp price target raised to $17 from $14 at B. Riley Securities
01/09/20 B. Riley Securities
Axos, Meta Financial among FBR's top Banks & Thrifts picks for 2020
01/02/20 Stephens
Stephens releases Best Ideas list for 2020
STL Sterling Bancorp
/

+

Conference/Events
Sterling Bancorp management to meet virtually with B. Riley FBR » 04:55
11/06/20
11/06
04:55
11/06/20
04:55
STL

Sterling Bancorp

$13.66 /

+0.81 (+6.30%)

Virtual Meeting to be…

Virtual Meeting to be held on November 6 hosted by B. Riley FBR.

ShowHide Related Items >><<
STL Sterling Bancorp
$13.66 /

+0.81 (+6.30%)

STL Sterling Bancorp
$13.66 /

+0.81 (+6.30%)

10/23/20 B. Riley Securities
Sterling Bancorp price target raised to $17 from $14 at B. Riley Securities
01/09/20 B. Riley Securities
Axos, Meta Financial among FBR's top Banks & Thrifts picks for 2020
01/02/20 Stephens
Stephens releases Best Ideas list for 2020
STL Sterling Bancorp
$13.66 /

+0.81 (+6.30%)

Conference/Events
Sterling Bancorp management to meet virtually with B. Riley FBR » 11:40
11/05/20
11/05
11:40
11/05/20
11:40
STL

Sterling Bancorp

$13.61 /

+0.755 (+5.88%)

Virtual Meeting to be…

Virtual Meeting to be held on November 6 hosted by B. Riley FBR.

ShowHide Related Items >><<
STL Sterling Bancorp
$13.61 /

+0.755 (+5.88%)

STL Sterling Bancorp
$13.61 /

+0.755 (+5.88%)

10/23/20 B. Riley Securities
Sterling Bancorp price target raised to $17 from $14 at B. Riley Securities
01/09/20 B. Riley Securities
Axos, Meta Financial among FBR's top Banks & Thrifts picks for 2020
01/02/20 Stephens
Stephens releases Best Ideas list for 2020
STL Sterling Bancorp
$13.61 /

+0.755 (+5.88%)

Conference/Events
Stephens to hold a virtual field trip » 04:55
11/04/20
11/04
04:55
11/04/20
04:55
BDGE

Bridge Bancorp

$20.18 /

+0.59 (+3.01%)

, HOMB

Home Bancshares

$17.33 /

+0.53 (+3.15%)

, ISBC

Investors Bancorp

$8.71 /

+0.15 (+1.75%)

, OCFC

OceanFirst Financial

$15.28 /

-0.14 (-0.91%)

, OZK

Bank OZK

$25.81 /

+0.28 (+1.10%)

, STL

Sterling Bancorp

$14.14 /

+0.46 (+3.36%)

, VLY

Valley National

$7.96 /

+0.13 (+1.66%)

New York City Virtual…

New York City Virtual Bank Field Trip will be held on November 3-4.

ShowHide Related Items >><<
STL Sterling Bancorp
$14.14 /

+0.46 (+3.36%)

OZK Bank OZK
$25.81 /

+0.28 (+1.10%)

OCFC OceanFirst Financial
$15.28 /

-0.14 (-0.91%)

HOMB Home Bancshares
$17.33 /

+0.53 (+3.15%)

BDGE Bridge Bancorp
$20.18 /

+0.59 (+3.01%)

BDGE Bridge Bancorp
$20.18 /

+0.59 (+3.01%)

HOMB Home Bancshares
$17.33 /

+0.53 (+3.15%)

04/17/20 Raymond James
Home Bancshares upgraded to Outperform from Market Perform at Raymond James
04/17/20 Raymond James
Home Bancshares upgraded to Outperform from Market Perform at Raymond James
01/17/20 RBC Capital
Home Bancshares price target raised to $22 from $20 at RBC Capital
01/09/20 Citi
Home Bancshares downgraded to Neutral from Buy at Citi
ISBC Investors Bancorp
$8.71 /

+0.15 (+1.75%)

04/01/20 Keefe Bruyette
Investors Bancorp upgraded to Outperform from Market Perform at Keefe Bruyette
01/30/20 Compass Point
Investors Bancorp upgraded to Buy from Neutral at Compass Point
OCFC OceanFirst Financial
$15.28 /

-0.14 (-0.91%)

04/30/20 Stephens
OceanFirst Financial upgraded to Overweight after earnings at Stephens
04/30/20 Stephens
OceanFirst Financial upgraded to Overweight from Equal Weight at Stephens
04/01/20 Keefe Bruyette
OceanFirst Financial upgraded to Outperform from Market Perform at Keefe Bruyette
OZK Bank OZK
$25.81 /

+0.28 (+1.10%)

06/17/20 Raymond James
Bank OZK upgraded to Outperform from Market Perform at Raymond James
06/17/20 Citi
Bank OZK downgraded to Neutral from Buy at Citi
06/17/20 Raymond James
Bank OZK upgraded to Outperform from Market Perform at Raymond James
04/28/20 Truist
Bank OZK price target raised to $22 from $19 at SunTrust
STL Sterling Bancorp
$14.14 /

+0.46 (+3.36%)

10/23/20 B. Riley Securities
Sterling Bancorp price target raised to $17 from $14 at B. Riley Securities
01/09/20 B. Riley Securities
Axos, Meta Financial among FBR's top Banks & Thrifts picks for 2020
01/02/20 Stephens
Stephens releases Best Ideas list for 2020
VLY Valley National
$7.96 /

+0.13 (+1.66%)

06/17/20 Citi
Valley National downgraded to Sell from Neutral at Citi
02/04/20 Stephens
Valley National upgraded to Overweight following earnings at Stephens
02/04/20 Stephens
Valley National upgraded to Overweight from Equal Weight at Stephens
VLY Valley National
$7.96 /

+0.13 (+1.66%)

STL Sterling Bancorp
$14.14 /

+0.46 (+3.36%)

OZK Bank OZK
$25.81 /

+0.28 (+1.10%)

OCFC OceanFirst Financial
$15.28 /

-0.14 (-0.91%)

ISBC Investors Bancorp
$8.71 /

+0.15 (+1.75%)

HOMB Home Bancshares
$17.33 /

+0.53 (+3.15%)

BDGE Bridge Bancorp
$20.18 /

+0.59 (+3.01%)

Conference/Events
Stephens to hold a virtual field trip » 07:54
11/03/20
11/03
07:54
11/03/20
07:54
BDGE

Bridge Bancorp

$19.59 /

+0.02 (+0.10%)

, HOMB

Home Bancshares

$16.81 /

+0.21 (+1.27%)

, ISBC

Investors Bancorp

$8.56 /

+0.06 (+0.71%)

, OCFC

OceanFirst Financial

$15.42 /

+0.43 (+2.87%)

, OZK

Bank OZK

$25.53 /

+0.745 (+3.01%)

, STL

Sterling Bancorp

$13.68 /

+0.295 (+2.20%)

, VLY

Valley National

$7.83 /

+0.185 (+2.42%)

New York City Virtual…

New York City Virtual Bank Field Trip will be held on November 3-4.

ShowHide Related Items >><<
STL Sterling Bancorp
$13.68 /

+0.295 (+2.20%)

OZK Bank OZK
$25.53 /

+0.745 (+3.01%)

OCFC OceanFirst Financial
$15.42 /

+0.43 (+2.87%)

HOMB Home Bancshares
$16.81 /

+0.21 (+1.27%)

BDGE Bridge Bancorp
$19.59 /

+0.02 (+0.10%)

BDGE Bridge Bancorp
$19.59 /

+0.02 (+0.10%)

HOMB Home Bancshares
$16.81 /

+0.21 (+1.27%)

04/17/20 Raymond James
Home Bancshares upgraded to Outperform from Market Perform at Raymond James
04/17/20 Raymond James
Home Bancshares upgraded to Outperform from Market Perform at Raymond James
01/17/20 RBC Capital
Home Bancshares price target raised to $22 from $20 at RBC Capital
01/09/20 Citi
Home Bancshares downgraded to Neutral from Buy at Citi
ISBC Investors Bancorp
$8.56 /

+0.06 (+0.71%)

04/01/20 Keefe Bruyette
Investors Bancorp upgraded to Outperform from Market Perform at Keefe Bruyette
01/30/20 Compass Point
Investors Bancorp upgraded to Buy from Neutral at Compass Point
OCFC OceanFirst Financial
$15.42 /

+0.43 (+2.87%)

04/30/20 Stephens
OceanFirst Financial upgraded to Overweight after earnings at Stephens
04/30/20 Stephens
OceanFirst Financial upgraded to Overweight from Equal Weight at Stephens
04/01/20 Keefe Bruyette
OceanFirst Financial upgraded to Outperform from Market Perform at Keefe Bruyette
OZK Bank OZK
$25.53 /

+0.745 (+3.01%)

06/17/20 Raymond James
Bank OZK upgraded to Outperform from Market Perform at Raymond James
06/17/20 Citi
Bank OZK downgraded to Neutral from Buy at Citi
06/17/20 Raymond James
Bank OZK upgraded to Outperform from Market Perform at Raymond James
04/28/20 Truist
Bank OZK price target raised to $22 from $19 at SunTrust
STL Sterling Bancorp
$13.68 /

+0.295 (+2.20%)

10/23/20 B. Riley Securities
Sterling Bancorp price target raised to $17 from $14 at B. Riley Securities
01/09/20 B. Riley Securities
Axos, Meta Financial among FBR's top Banks & Thrifts picks for 2020
01/02/20 Stephens
Stephens releases Best Ideas list for 2020
VLY Valley National
$7.83 /

+0.185 (+2.42%)

06/17/20 Citi
Valley National downgraded to Sell from Neutral at Citi
02/04/20 Stephens
Valley National upgraded to Overweight following earnings at Stephens
02/04/20 Stephens
Valley National upgraded to Overweight from Equal Weight at Stephens
VLY Valley National
$7.83 /

+0.185 (+2.42%)

STL Sterling Bancorp
$13.68 /

+0.295 (+2.20%)

OZK Bank OZK
$25.53 /

+0.745 (+3.01%)

OCFC OceanFirst Financial
$15.42 /

+0.43 (+2.87%)

ISBC Investors Bancorp
$8.56 /

+0.06 (+0.71%)

HOMB Home Bancshares
$16.81 /

+0.21 (+1.27%)

BDGE Bridge Bancorp
$19.59 /

+0.02 (+0.10%)

Over a month ago
Recommendations
Sterling Bancorp price target raised to $17 from $14 at B. Riley Securities » 08:07
10/23/20
10/23
08:07
10/23/20
08:07
STL

Sterling Bancorp

$13.54 /

+1.12 (+9.02%)

B. Riley Securities…

B. Riley Securities analyst Steve Moss raised the firm's price target on Sterling Bancorp to $17 from $14 and keeps a Buy rating on the shares. The company's better than expected Q3 results suggest it is is "turning the corner" with regard to credit costs, which bodes well for a improvement in loan growth and significant share repurchases, Moss tells investors in a research note.

ShowHide Related Items >><<
STL Sterling Bancorp
$13.54 /

+1.12 (+9.02%)

STL Sterling Bancorp
$13.54 /

+1.12 (+9.02%)

01/09/20 B. Riley Securities
Axos, Meta Financial among FBR's top Banks & Thrifts picks for 2020
01/02/20 Stephens
Stephens releases Best Ideas list for 2020
10/28/19 Stephens
Sterling Bancorp resumed with an Overweight at Stephens
STL Sterling Bancorp
$13.54 /

+1.12 (+9.02%)

Earnings
Sterling Bancorp reports Q3 EPS 43c, consensus 39c » 16:15
10/21/20
10/21
16:15
10/21/20
16:15
STL

Sterling Bancorp

$12.42 /

+0.12 (+0.98%)

Adjusted non-interest…

Adjusted non-interest income decreased $5.3 million in the third quarter of 2020 to $27.6 million, compared to $32.9 million in the same quarter last year. The change was mainly due to lower BOLI income and lower swap fees. In the three months ended September 30, 2019 "we restructured the BOLI assets acquired in the merger with Astoria by reallocating funds to more diversified investment asset classes. Loan swap fees, which are included in other income, declined $2.5 million. Total stockholders' equity increased $73.6 million to $4.6 billion as of September 30, 2020 compared to $4.5 billion as of June 30, 2020. For the third quarter of 2020, net income $84.4 million and stock-based compensation activity that totaled $5.7 million and was partially offset by common dividends of $13.5 million, preferred dividends of $2.2 million and an other comprehensive loss of $744 thousand," noted the bank.

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STL Sterling Bancorp
$12.42 /

+0.12 (+0.98%)

STL Sterling Bancorp
$12.42 /

+0.12 (+0.98%)

01/09/20 B. Riley Securities
Axos, Meta Financial among FBR's top Banks & Thrifts picks for 2020
01/02/20 Stephens
Stephens releases Best Ideas list for 2020
10/28/19 Stephens
Sterling Bancorp resumed with an Overweight at Stephens
STL Sterling Bancorp
$12.42 /

+0.12 (+0.98%)

Earnings
Notable companies reporting after market close » 13:40
10/21/20
10/21
13:40
10/21/20
13:40
TSLA

Tesla

$428.60 /

+6.63 (+1.57%)

, CSX

CSX

$79.02 /

-1.13 (-1.41%)

, LRCX

Lam Research

$368.57 /

+4.72 (+1.30%)

, EW

Edwards Lifesciences

$83.07 /

-1.43 (-1.69%)

, CMG

Chipotle

$1,345.98 /

-2.91 (-0.22%)

, LVS

Las Vegas Sands

$46.10 /

-0.12 (-0.26%)

, KMI

Kinder Morgan

$12.51 /

-0.165 (-1.30%)

, XLNX

Xilinx

$112.17 /

-2.75 (-2.39%)

, ALGN

Align Technology

$334.03 /

-1.02 (-0.30%)

, EFX

Equifax

$162.59 /

+2.78 (+1.74%)

, DFS

Discover

$61.21 /

-1.75 (-2.78%)

, SLM

Sallie Mae

$9.34 /

-0.1 (-1.06%)

, STL

Sterling Bancorp

$12.27 /

-0.035 (-0.28%)

Notable companies…

Notable companies reporting after the market close, with earnings consensus, include Tesla (TSLA), consensus 56c... CSX Corp. (CSX), consensus 92c... Lam Research (LRCX), consensus $5.19... Edwards Lifesciences (EW), consensus 44C... Chipotle Mexican Grill (CMG), consensus $3.40... Las Vegas Sands (LVS), consensus (59c)... Kinder Morgan (KMI), consensus 21c... Xilinx (XLNX), consensus 74c... Align Technology (ALGN), consensus 54c... Equifax (EFX), consensus $1.60... Discover (DFS), consensus $1.53... SLM Corp (SLM), consensus 8c... Sterling Bancorp (STL), consensus 39c.

ShowHide Related Items >><<
XLNX Xilinx
$112.17 /

-2.75 (-2.39%)

TSLA Tesla
$428.60 /

+6.63 (+1.57%)

STL Sterling Bancorp
$12.27 /

-0.035 (-0.28%)

SLM Sallie Mae
$9.34 /

-0.1 (-1.06%)

LVS Las Vegas Sands
$46.10 /

-0.12 (-0.26%)

LRCX Lam Research
$368.57 /

+4.72 (+1.30%)

KMI Kinder Morgan
$12.51 /

-0.165 (-1.30%)

EW Edwards Lifesciences
$83.07 /

-1.43 (-1.69%)

EFX Equifax
$162.59 /

+2.78 (+1.74%)

DFS Discover
$61.21 /

-1.75 (-2.78%)

CSX CSX
$79.02 /

-1.13 (-1.41%)

CMG Chipotle
$1,345.98 /

-2.91 (-0.22%)

ALGN Align Technology
$334.03 /

-1.02 (-0.30%)

TSLA Tesla
$428.60 /

+6.63 (+1.57%)

10/19/20 Wedbush
Tesla price target raised to $500 from $475 at Wedbush
10/16/20 Morgan Stanley
Tesla price target raised to $333 from $272 at Morgan Stanley
10/14/20 Credit Suisse
Q3 beat could be positive catalyst for Tesla stock, says Credit Suisse
10/14/20 JPMorgan
NIO Inc. upgraded to Overweight from Neutral at JPMorgan
CSX CSX
$79.02 /

-1.13 (-1.41%)

10/16/20 Barclays
CSX price target raised to $92 from $78 at Barclays
10/13/20 Bernstein
CSX upgraded to Outperform at Bernstein on industry return to sustainable growth
10/12/20 Bernstein
CSX upgraded to Outperform from Market Perform at Bernstein
10/06/20 Susquehanna
Susquehanna sees highest returns in Eastern rails
LRCX Lam Research
$368.57 /

+4.72 (+1.30%)

09/25/20 Citi
KLA on top, Amkor at bottom of Citi's Semiconductor rankings
09/20/20 Stifel
Stifel more positive on Semi Cap Equipment, upgrades Lam to Buy
09/20/20 Stifel
Lam Research upgraded to Buy from Hold at Stifel
07/30/20 Wells Fargo
Lam Research price target raised to $370 from $270 at Wells Fargo
EW Edwards Lifesciences
$83.07 /

-1.43 (-1.69%)

10/19/20 Cowen
Edwards Lifesciences price target raised to $100 from $85 at Cowen
10/14/20 Piper Sandler
Edwards Lifesciences market share 'highly durable,' says Piper Sandler
09/11/20 Wolfe Research
Edwards Lifesciences initiated with an Underperform at Wolfe Research
07/24/20 SVB Leerink
Edwards Lifesciences price target raised to $95 from $90 at SVB Leerink
CMG Chipotle
$1,345.98 /

-2.91 (-0.22%)

10/20/20 Loop Capital
Chipotle price target raised to $1,600 from $1,400 at Loop Capital
10/20/20 JPMorgan
Chipotle price target raised to $1,115 from $1,040 at JPMorgan
10/19/20 RBC Capital
Chipotle price target raised to $1,320 from $1,250 at RBC Capital
10/16/20 Cleveland Research
Chipotle comp trends look improved in recent weeks, says Cleveland Research
LVS Las Vegas Sands
$46.10 /

-0.12 (-0.26%)

10/20/20 JPMorgan
Las Vegas Sands price target lowered to $50 from $57 at JPMorgan
10/20/20 Deutsche Bank
Las Vegas Sands price target lowered to $58 from $60 at Deutsche Bank
10/19/20
Fly Intel: Top five analyst downgrades
10/19/20 Union Gaming
Las Vegas Sands downgraded to Hold from Buy at Union Gaming
KMI Kinder Morgan
$12.51 /

-0.165 (-1.30%)

10/21/20 Capital One
Kinder Morgan initiated with an Equalweight at Capital One
10/14/20 Goldman Sachs
Kinder Morgan upgraded to Neutral from Sell at Goldman Sachs
07/07/20
Fly Intel: Top five analyst downgrades
07/06/20 Goldman Sachs
Kinder Morgan downgraded to Sell from Neutral at Goldman Sachs
XLNX Xilinx
$112.17 /

-2.75 (-2.39%)

10/20/20 Citi
Citi opens 'negative catalyst watch' on Xilinx, sees no AMD deal
10/16/20 RBC Capital
Xilinx price target raised to $92 from $84 at RBC Capital
10/12/20 Baird
Baird downgrades 'fully valued' Xilinx amid AMD deal speculation
10/12/20 Baird
Xilinx downgraded to Neutral from Outperform at Baird
ALGN Align Technology
$334.03 /

-1.02 (-0.30%)

10/15/20 Piper Sandler
Piper names Align Technology top pick, boosts target to $400 from $345
07/29/20 Craig-Hallum
SmileDirectClub teen program should have immediate impact, says Craig-Hallum
07/29/20 Berenberg
Align Technology downgraded to Hold from Buy at Berenberg
07/23/20 Barclays
Align Technology downgraded to Equal Weight from Overweight at Barclays
EFX Equifax
$162.59 /

+2.78 (+1.74%)

10/07/20 Exane BNP Paribas
Equifax upgraded to Outperform from Neutral at Exane BNP Paribas
10/06/20
Fly Intel: Top five analyst initiations
10/06/20 Needham
Equifax initiated with a Buy at Needham
10/06/20 Needham
Equifax initiated with a Buy at Needham
DFS Discover
$61.21 /

-1.75 (-2.78%)

10/09/20 JPMorgan
Discover price target raised to $70 from $54.50 at JPMorgan
10/05/20 Goldman Sachs
Discover price target raised to $76 from $68 at Goldman Sachs
07/31/20 Wolfe Research
Discover initiated with an Outperform at Wolfe Research
07/24/20 Stephens
Discover price target raised to $62 from $42 at Stephens
SLM Sallie Mae
$9.34 /

-0.1 (-1.06%)

10/09/20 JPMorgan
Sallie Mae price target raised to $9 from $7.50 at JPMorgan
07/15/20 JPMorgan
Sallie Mae downgraded to Neutral on rising delinquencies at JPMorgan
07/15/20 JPMorgan
Sallie Mae downgraded to Neutral from Overweight at JPMorgan
05/14/20 BMO Capital
BMO downgrades Sallie Mae amid college opening, election uncertainty
STL Sterling Bancorp
$12.27 /

-0.035 (-0.28%)

01/09/20 B. Riley Securities
Axos, Meta Financial among FBR's top Banks & Thrifts picks for 2020
01/02/20 Stephens
Stephens releases Best Ideas list for 2020
10/28/19 Stephens
Sterling Bancorp resumed with an Overweight at Stephens
XLNX Xilinx
$112.17 /

-2.75 (-2.39%)

TSLA Tesla
$428.60 /

+6.63 (+1.57%)

STL Sterling Bancorp
$12.27 /

-0.035 (-0.28%)

SLM Sallie Mae
$9.34 /

-0.1 (-1.06%)

LVS Las Vegas Sands
$46.10 /

-0.12 (-0.26%)

LRCX Lam Research
$368.57 /

+4.72 (+1.30%)

KMI Kinder Morgan
$12.51 /

-0.165 (-1.30%)

EW Edwards Lifesciences
$83.07 /

-1.43 (-1.69%)

EFX Equifax
$162.59 /

+2.78 (+1.74%)

DFS Discover
$61.21 /

-1.75 (-2.78%)

CSX CSX
$79.02 /

-1.13 (-1.41%)

CMG Chipotle
$1,345.98 /

-2.91 (-0.22%)

ALGN Align Technology
$334.03 /

-1.02 (-0.30%)

  • 14
    Feb
XLNX Xilinx
$112.17 /

-2.75 (-2.39%)

TSLA Tesla
$428.60 /

+6.63 (+1.57%)

LVS Las Vegas Sands
$46.10 /

-0.12 (-0.26%)

LRCX Lam Research
$368.57 /

+4.72 (+1.30%)

KMI Kinder Morgan
$12.51 /

-0.165 (-1.30%)

EFX Equifax
$162.59 /

+2.78 (+1.74%)

DFS Discover
$61.21 /

-1.75 (-2.78%)

CMG Chipotle
$1,345.98 /

-2.91 (-0.22%)

XLNX Xilinx
$112.17 /

-2.75 (-2.39%)

TSLA Tesla
$428.60 /

+6.63 (+1.57%)

SLM Sallie Mae
$9.34 /

-0.1 (-1.06%)

LVS Las Vegas Sands
$46.10 /

-0.12 (-0.26%)

LRCX Lam Research
$368.57 /

+4.72 (+1.30%)

KMI Kinder Morgan
$12.51 /

-0.165 (-1.30%)

EW Edwards Lifesciences
$83.07 /

-1.43 (-1.69%)

DFS Discover
$61.21 /

-1.75 (-2.78%)

CSX CSX
$79.02 /

-1.13 (-1.41%)

CMG Chipotle
$1,345.98 /

-2.91 (-0.22%)

ALGN Align Technology
$334.03 /

-1.02 (-0.30%)

XLNX Xilinx
$112.17 /

-2.75 (-2.39%)

TSLA Tesla
$428.60 /

+6.63 (+1.57%)

SLM Sallie Mae
$9.34 /

-0.1 (-1.06%)

LVS Las Vegas Sands
$46.10 /

-0.12 (-0.26%)

LRCX Lam Research
$368.57 /

+4.72 (+1.30%)

KMI Kinder Morgan
$12.51 /

-0.165 (-1.30%)

EFX Equifax
$162.59 /

+2.78 (+1.74%)

DFS Discover
$61.21 /

-1.75 (-2.78%)

CSX CSX
$79.02 /

-1.13 (-1.41%)

CMG Chipotle
$1,345.98 /

-2.91 (-0.22%)

Hot Stocks
Sterling Bancorp completes two loan portfolio sales » 08:09
09/23/20
09/23
08:09
09/23/20
08:09
STL

Sterling Bancorp

$10.29 /

-0.235 (-2.23%)

Sterling Bancorp…

Sterling Bancorp announced that it has completed two loan portfolio sales including the remaining balance of its small business commercial transportation loans and the majority of its residential mortgage non-performing loans. The Company also provided an update on loan deferrals, which were $704M and represented 3.2% of total portfolio loans. In two separate transactions, the Company sold $106.1 million in equipment finance loans, which represented the remaining balance of its small business commercial transportation loans, and residential mortgage non-performing loans with a carrying value of $57.6 million. In aggregate, the loan sales included a total of $84.5 million in non-performing loans and resulted in net charge-offs of $55.1 million. The Company does not anticipate the sales will have a material impact in the third quarter of 2020 on its provision for loan losses or allowance for credit losses requirements, as the majority of the charge-offs incurred in connection with the transactions had been previously recorded in its allowance for credit losses.

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STL Sterling Bancorp
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-0.235 (-2.23%)

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Conference/Events
Sterling Bancorp management to meet virtually with DA Davidson » 04:55
09/10/20
09/10
04:55
09/10/20
04:55
STL

Sterling Bancorp

$11.08 /

-0.135 (-1.20%)

Virtual Meeting to be…

Virtual Meeting to be held on September 10 hosted by DA Davidson.

ShowHide Related Items >><<
STL Sterling Bancorp
$11.08 /

-0.135 (-1.20%)

STL Sterling Bancorp
$11.08 /

-0.135 (-1.20%)

01/09/20 B. Riley Securities
Axos, Meta Financial among FBR's top Banks & Thrifts picks for 2020
01/02/20 Stephens
Stephens releases Best Ideas list for 2020
10/28/19 Stephens
Sterling Bancorp resumed with an Overweight at Stephens
STL Sterling Bancorp
$11.08 /

-0.135 (-1.20%)

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