Sterling Bancorp (STL) has been under a strong bear grip, hence the stock is down -1.43% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.58% in the past 1 week. The stock has risen by 0.75% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.96% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.76% and the 50-Day Moving Average is 1.84%.The 200 Day SMA reached 9.35%
Sterling Bancorp (NYSE:STL): After opening at $17.36, the stock dipped to an intraday low of $17.22 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $17.54 and the buying power remained strong till the end. The stock closed at $17.5 for the day, a gain of 1.39% for the day session. The total traded volume was 922,362. The stocks close on the previous trading day was $17.5.
Sterling Bancorp (STL) : Currently there are 5 street experts covering Sterling Bancorp (STL) stock. The most bullish and bearish price target for the stock is $21 and $19 respectively for the short term. The average price target of all the analysts comes to $19.7. The estimated standard deviation from the target is $0.84.
Sterling Bancorp, formerly Provident New York Bancorp, is a holding company. The Company operates through its subsidiary, Sterling National Bank (SNB), which specializes in the delivery of service and solutions to business owners, their families, and consumers. SNB offers a range of commercial, business, and consumer banking products and services. The Bank primarily originates commercial real estate loans, and commercial and industrial loans. It also originates residential mortgage loans and consumer loans such as home equity lines of credit, homeowner loans and personal loans in market area. The Bank invests in government and agency securities, State and municipal securities, equities and mortgage-backed securities. SNB offers a range of deposit accounts with a range of interest rates and terms. As of September 30, 2014, the Company had over $7.3 billion in assets.