Sterling Bancorp (STL) Technical Analysis: What Are The Charts Saying?

Considering all key technical indicators, a 8% Sell signal has occurred for Sterling Bancorp (NYSE:STL). The stock is also flashing a Sell from the Barchart TrendSpotter trading system. Traders hoping to speculate on the STL’s short-term trajectory should know that short terms indicators for the stock averaged 60% Buy with an average daily trading volume over the past 20 days at 2396070 shares. STL stock has overall a 0.25% Sell signal considering medium term indicators and the 50-day average daily volume remained almost 2584298 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was shares, is 67% Sell on the basis of long term indicators.

The share price is currently staying around the first support level of $19.17. Below this, the next support is placed in the zone of $18.84. Till the time, the STL stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 56.87 on daily chart, which may remain a cause for concern. If the price breaks below $18.84 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $19.73 mark may result into a pull-back move towards $19.95 level.

Sterling Bancorp (STL) is projected to climb by 21.69 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $36-month high price target. This represents a whopping 84.62 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $24.5, which represents a return potential of 25.64 percent when compared to the closing price of the stock of $19.5 on Monday, December 03. The lowest price target for the stock is $19 — slightly more than -2.56 percent from STL’s current share price.

Here’s a rundown of insider trading activity for sense of Sterling Bancorp (NYSE:STL). The earliest insider trade took place on 10/25/2018. O’Toole Richard L. gathered a total of 5 thousand shares of company at average share price of $17.01. The total for the purchase was set at $85.05 thousand. After this transaction, the Director account balance stood at 35.71 thousand shares. The stock grew 14.64 percent since that insider purchase. On 08/13/2018, O’Toole Richard L., Director, purchased 4 thousand shares at a price per share of $21.92. This added 87.68 thousand shares to the insider’s fortune and the stock saw a -11.04 percent retreat in value since the news became public. This transaction left 30.71 thousand shares in the Director account. On 08/07/2018, General Counsel and CLO Blose James P performed a sale transaction worth $44.5 thousand. This sale at $22.25 each has eliminated 2 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -12.36 percent decrease since the transaction was reported. The insider now is left with 20.32 thousand shares remaining in the account. O’Toole Richard L., who performs the Director job, bought 4 thousand shares for $91.72 thousand. The acquisition occurred on 07/26/2018 was priced at $22.93 per share. The share price plunged -14.96 percent since the reporting date. O’Toole Richard L. now left with a stake of 26.71 thousand STL stock worth $520.9 thousand after the insider buying.

STL shares accumulated 0.2 points or 1.04 percent on Monday to $19.5 with a heavy trade volume of 4.168 million shares. After opening the session at $19.6, the shares went as high as $19.62 and as low as $19.065, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $4.32 billion and now has 221.29 million shares outstanding. Sterling Bancorp (STL) stock has gained 7.62 percent of market value in 21 trading days.

Analysts at Hovde Group lifted target price for shares of Sterling Bancorp (NYSE:STL) but repeated their Outperform recommendation for the stock in their opinion released on October 25. The price target has been raised from $30 to $22. Analysts at Maxim Group are sticking to their Buy recommendation. However, on May 01, they lifted target price for these shares to $36 from $32. Analysts at Maxim Group, made their first call for the stock with a Buy rating, according to a research note that dated back to May 01.

STL stock has a trailing 3-year beta of 1.08, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $1.47 a share in the trailing twelve months. The stock’s value has fallen -20.73 percent year to date (YTD) against a decline of -22.92 percent in 12 month’s time. The company’s shares still trade -26.42 percent away from its 1-year high of $26.50 and 15.73 percent up from 52-week low of $16.85. The average consensus rating on the company is 1.7, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.

Shares of Sterling Bancorp (STL) are trading at a P/E ratio of 12.52 times earnings reported for the past 12 months. The industry STL operates in has an average P/E of 18.6. Its P/E ratio went as low as 0X and as high as 0 over the 5-year span. Further, it is sporting a 3.68 on the Price-to-Sales ratio. Compare this with the industry average P/S of 7.82. 0 percent is the gross profit margin for Sterling Bancorp and operating margin sits at 77.7 percent. Along with this, the net profit margin is 24.9 percent.