NEW YORK ( TheStreet) -- The ex-dividend date for Sterling Bancorp (NYSE: STL) is tomorrow, September 13, 2011. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $7.37 as of 9:33 a.m. ET, the dividend yield is 4.7%.

The average volume for Sterling has been 105,700 shares per day over the past 30 days. Sterling has a market cap of $237.8 million and is part of the financial sector and banking industry. Shares are down 28.3% year to date as of the close of trading on Friday.

Sterling Bancorp operates as a bank holding company for Sterling National Bank that provides a range of banking and financial products and services in the Untied States primarily in New York, New Jersey, and Connecticut. The company has a P/E ratio of 40.5, above the average banking industry P/E ratio of 35 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Sterling as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and feeble growth in the company's earnings per share. You can view the full Sterling Ratings Report.

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