|Day Low/High||20.40 / 20.68|
|52 Wk Low/High||15.62 / 23.40|
The most recent short interest data has been released by the NASDAQ for the 08/29/2014 settlement date, which shows a 1,530,936 share increase in total short interest for Sterling Bancorp , to 1,835,840, an increase of 502.10% since 10/15/2013. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded.
Sterling Bancorp (STL) shares had coverage initiated with an 'outperform' rating by analysts at Raymond James (RJF) on Thursday.
Shareholders of Sterling Bancorp looking to boost their income beyond the stock's 2.4% annualized dividend yield can sell the May covered call at the $12.50 strike and collect the premium based on the 5 cents bid, which annualizes to an additional 31.9% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 34.4% annualized rate in the scenario where the stock is not called away. Any upside above $12.50 would be lost if the stock rises there and is called away, but STL shares would have to climb 9.4% from current levels for that to happen, meaning that in the scenario where the stock is called, the shareholder has earned a 9.8% return from this trading level, in addition to any dividends collected before the stock was called.
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Sterling Bancorp presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
Upgrades: CJES, EQU, ICE, LBY, MRVL, REGI, STL, UFCS Downgrades: ACRE, ARUN, CTCM, ISRL, LMIA, NWPX, STRL Initiations: BUR, HIIQ, XOOM Read on to get TheStreet Quant Ratings' detailed report:
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