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)

Adding Small Long in BofA

I am adding a small long position in Bank of America (BAC) at $15.85, and plan to expand the holding on any further weakness. Since the bank stress test, I have been waiting for an attractive entry point for this bank holding company below $16 per s...

Why I'm Buying More Banks

Banking net interest margins have been very depressed over the last several years, as interest rates have hit generational lows. When coupled with deleveraging (mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act), lending cred...

A Portfolio Update

I made no changes to my portfolio Friday. I am cautious on the market's outlook, as I believe the market has climaxed and is in a topping process; I remain net short stocks and bonds. As I wrote last week on stocks and bonds, I am at the polar oppos...

Trade Updates

I am bidding below the market for more Potash (POT) and Oaktree Capital (OAK). I am offering above the market to short more Lincoln National (LNC), MetLife (MET) and Microsoft (MSFT). I live at $20.50 on the buyside for Altisource Residential (RESI)...

Mr. Market Is Happy; I Remain Bearish

"It might seem crazy what I'm about to say Sunshine she's here, you can take a break I'm a hot air balloon that could go to space With the air, like I don't care baby by the way." -- Pharell Williams, Happy Like the Pharell Williams song, Mr. Market...

Late Day Observations

Caterpillar (CAT) looks like it has a rendezvous with $80 ahead of it. CAT remains on my Best Ideas List (short). For now, the market bends but doesn't break. I will stick to my notion of a "topping process." I am a $90.75 buyer of Deere (DE). I am ...

Bidding on Banks

Doing very little today, but I'm bidding (under the market) for my package of five regional banks.

A Little Housekeeping

Despite a slight uptick in bond yields, closed-end municipal bond funds are continuing higher this morning. Importantly, I added to all 14 holdings Wednesday. Late Wednesday I added to my five regional banks across the board. I neglected to mention ...

Back in Action

I added to Citigroup (C) this morning. I am adding to my five regional bank stock longs; still small. Fast Money's Karen Finerman mentioned that "The Mighty Oak" Oaktree Capital (OAK) was among her favorite stocks last night on the show.

Fifty Shades of Green

Men aren't really complicated... They are very simple, literal creatures. They usually mean what they say. And we spend hours trying to analyze what they've said - when really it's obvious. If I were you, I'd take him literally. That might help." ― ...

Banking on Regionals

I have purchased small positions in the five small regional banks I mentioned today and previously. I am bidding for more, under the market.

Small Banks Rebound

The package of small banks I recently mentioned that might have promise -- with good franchises and asset-sensitive balance sheets -- are starting to rebound in share price. Sterling Bancorp (STL),  MB Financial (MBFI), Enterprise Financial Services...

Small-Cap Bank Ideas

Here are some small-cap bank ideas that I have vetted. They all have effective managements, excellent return characteristics and asset-sensitive balance sheets (that is, they prosper in a rising rate environment). -- Chicago-based MB Financial (MBFI...

Looking at Smaller Banks

With interest rates rising, I am in agreement with Jim "El Capitan" Cramer on his constructive view of banks now (but just for the near term). I am long Citi (C) and the bank is on my Best Ideas List.  I am now looking at several asset-sensitive sma...

Sterling Bancorp initiated at Jefferies