Sterling Bancorp (STL)

Prev Close 24.24
Day Low/High 24.23 / 25.35
52 Wk Low/High 16.07 / 27.57
Exchange NYSE
Shares Outstanding 192.70B
Market Cap 4.67B
P/E Ratio 17.83
Div & Yield N.A. (N.A)
These Stocks Are Changing Direction

These Stocks Are Changing Direction

Finding bullish and bearish reversals in the market.

Bullish and Bearish Reversals for This Week

Bullish and Bearish Reversals for This Week

Bearish names dominate this week and financials in particular.

Tracing Benjamin Graham's Descendants

Tracing Benjamin Graham's Descendants

Firms' 13F filings show how they've followed in the footsteps of the father of value investing.

Time To Batten Down the Hatches

I aggressively accumulated bank stocks back in March, going long on 14 in total. But in light of my rising bearishness these days, I'm taking my long positions off on three regional banks -- MidSouth Bancorp (MSL), Southern National Bancorp of Virgi...

Today's Trades and Orders

Here's a roundup of my trades and orders so far today: Bonds are well bid this morning, with the iShares 20+ Year Treasury Bond ETF (TLT) up $0.85 as I write this. I'm using the strength to further reduce my exposure to closed-end municipal-bond fun...

Today's Trades

Here's a look at my trades so far today: I'm sizing up the following bank longs: Citibank (C), Fifth Third Bancorp (FITB), MidSouth Bancorp (MSL), Southern National Bancorp (SONA) and Sterling Bancorp (STL). I covered my short of Wells Fargo (WFC). ...

Adding to My Bank Longs

I've recently argued that while bank stocks remain on my "Best Ideas" list because of their multi-year appeal, they're overbought now and could sell off in the weeks ahead. So, I wouldn't recommend chasing the sector's recent strength. Instead, I hi...

Small Bank Squeeze Creating Deal Opportunities Says Sterling CEO

Small Bank Squeeze Creating Deal Opportunities Says Sterling CEO

Companies are rushing to borrow now in order lock in a lower rate before the Federal Reserve makes its move.

My Buy Levels for the Banks

I continue to believe that the banks will be among the best market sectors over the next one to three years. Here are my buy levels for my favorite, and current, long positions in banking: Bank of America (BAC): $16.50 to $16.75 Citigroup (C): $52.5...

Wait for a Pullback, Then Go Long on Sterling Bancorp

Wait for a Pullback, Then Go Long on Sterling Bancorp

Divergence is not yet a problem for bulls, but it needs to be monitored going forward. 

One More Time ... With Feeling

Again, for emphasis, given the large price gains (top market sector in last three months) and a flattening of the yield curve, be patient about adding to bank stocks. I have previously written about my buy entry points for the group on a market drop...

Why I Wouldn't Chase Banks Now

In response to a number of emails, I would not chase bank stocks now nor would I sell the stocks -- unless the timeframe is quite short term. Let the sector back down on profit taking after the huge move. It's a long game.

Waiting for a Correction in Bank Stocks

I have received numerous emails asking me about bank stocks. I own a dozen different banks, and five or six are on my Best Ideas List. However, in light of the strong absolute and rapid relative rise since March 2015, coupled with my expectation of ...

Is the Yield Curve Steepening Over?

If so, the run in bank stocks may be in jeopardy. The chart between the five-year U.S. note and 30-year U.S. bond steadily has increased over the last few months to 1.48%. A Fed rate hike, as suggested by myself in the past and by Peter Boockvar thi...

Trade of the Week: Shorting MetLife

I am going against the grain on this one and shorting MET at $57.40.  * MetLife, like many financials -- especially of the money center bank kind -- that are asset-sensitive have done famously over the past few months in the market. Specifically, ov...

Banking on Regional Banks

My package of regional bank stocks are broadly higher today, likely in response to the rise in interest rates over the last 48 hours. Money centers are also doing well. I am standing pat with my long list of 13 holdings in the expectation of a two- ...

Today's Trades

I shorted small in SPY and QQQ. I added to longs of Ford (F), General Motors (GM), Radian (RDN) and a few closed-end municipal bond funds.

Why I Believe Banks Are Now Overbought

Here is a three-month chart of Citigroup (C) and JPMorgan (JPM) compared to the SPDR S&P 500 (SPY). I cut my teeth on the sector and have some street cred in the group, having been Putnam's bank, thrift and GSE analyst in the 1970s. I also coauthore...

Best of Times for My Bank Thesis

Stated simply, I cannot see a better set up for bank stocks than there is right now. While I wouldn't aggressively chase the strength (after a nice near-term climb -- then again, I would not chase any longs at this time) I am a buyer on any weakness...

Banks Making New Highs

Shares of many money center and regional banks that I have written about are making new highs today. I would not disturb holdings in this, my favorite long sector. Several are on my Best Ideas list, including today's addition of Midsouth Bancorp (MS...

Bulked Up on Regional Banks

I had promised to update a few regional bank earnings from last week but I have a lot on my plate. (Note: I will be out for a few hours this afternoon at additional research meetings.) Suffice to say (with the possible impact of some manageable loan...

Maverick's Re-Re-Engaging

I have just added to the following bank longs: BAC, JPM, C, MBFI, EFSC, STL, MSL, SONA, FITB, FMER, RF, WFC and BBT.

Maverick's Re-Engaging

I am bidding across the board for banks. Maverick's re-engaging.

Regional Banks Gain

Gains of 1.5% to 2.0%+ for several regional bank stocks today, as the bulliish bank thesis continues to play out. Among the standouts are MB Financial (MBFI), Enterprise Financial Services (EFSC), Sterling Bancorp (STL), FirstMerit (FMER) and BB&T (...

Banks Require Patience

"There are better starters than me but I'm a strong finisher."  -- Usain Bolt I have consistently been adding to bank stocks on weakness throughout the last few months. The group has now run up a bit into the important earnings season and I would no...

Banking on Market Expectations

If Mr. Market continues to ramp, I expect (as reflected in the breadth of my bank holdings) banks to catch up and possibly even become market leaders. Here is my rationale.

Bank Stocks on Fire

Bank stocks are "on fire" today. Here is my investment case for this unloved and undervalued group as expressed last week. I am long a lengthy package of regional and money center bank stocks.

Not Much to Say or Trade

Today's market has thus far been characterized by another day of painfully low volume, a small bounce back for the market-leading biotech sector, strength in social media and high-beta tech, Qs (Nasdaq) over Ss (S&P 500), a modest drop in bond yield...