RBC Capital analyst Steven Duong maintained a Buy rating on Sterling Bancorp (NASDAQ:SBT) on Friday, setting a price target of $15, which is approximately 28.31% above the present share price of $11.69.
Duong expects Sterling Bancorp (NASDAQ:TBBK) to post earnings per share (EPS) of $0.06 for the third quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Strong Buy rating of shares in Sterling Bancorp, with an average price target of $15.2.
The analysts price targets range from a high of $20 to a low of $12.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $257.72 million and a net profit of $0. The company's market cap is $2.27 billion.
According to TipRanks.com, RBC Capital analyst Steven Duong is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -11.8% and a 50.00% success rate.
Sterling Bancorp operates as a financial and bank holding company of Sterling National Bank. It offers commercial, business, and consumer banking products and services through its subsidiary. The company was founded in 1888 and is headquartered in Montebello, NY.