11,967 Shares in Sterling Bancorp (NASDAQ:SBT) Bought by SG Americas Securities LLC

SG Americas Securities LLC purchased a new position in shares of Sterling Bancorp (NASDAQ:SBT) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 11,967 shares of the company’s stock, valued at approximately $69,000.

Other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp grew its stake in Sterling Bancorp by 5.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 95,163 shares of the company’s stock valued at $556,000 after purchasing an additional 4,943 shares during the period. Kennedy Capital Management LLC grew its stake in Sterling Bancorp by 0.4% in the 3rd quarter. Kennedy Capital Management LLC now owns 588,553 shares of the company’s stock valued at $3,437,000 after purchasing an additional 2,541 shares during the period. Princeton Capital Management LLC grew its stake in Sterling Bancorp by 13.8% in the 3rd quarter. Princeton Capital Management LLC now owns 16,511 shares of the company’s stock valued at $96,000 after purchasing an additional 2,000 shares during the period. Tower Research Capital LLC TRC grew its stake in Sterling Bancorp by 397.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 9,580 shares of the company’s stock valued at $56,000 after purchasing an additional 7,654 shares during the period. Finally, Barclays PLC grew its stake in Sterling Bancorp by 90.1% in the 1st quarter. Barclays PLC now owns 8,846 shares of the company’s stock valued at $50,000 after purchasing an additional 4,193 shares during the period. Institutional investors own 26.37% of the company’s stock.

Sterling Bancorp Stock Up 2.9 %

Shares of NASDAQ SBT opened at $4.90 on Friday. Sterling Bancorp has a one year low of $4.22 and a one year high of $6.26. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.96. The business’s fifty day moving average price is $5.04 and its 200-day moving average price is $5.42. The stock has a market capitalization of $255.14 million, a PE ratio of 32.67 and a beta of 0.56.

Sterling Bancorp (NASDAQ:SBT) last issued its quarterly earnings results on Wednesday, January 24th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.07. Sterling Bancorp had a return on equity of 2.32% and a net margin of 5.72%. The firm had revenue of $33.14 million for the quarter.

Sterling Bancorp Company Profile

Sterling Bancorp, Inc is a unitary thrift holding company. Its wholly owned subsidiary, Sterling Bank and Trust, F.S.B., has primary branch operations in San Francisco and Los Angeles, California and New York City, and a loan production office in Seattle, Washington. Sterling offers a broad range of loan products to the residential and commercial markets, as well as retail and business banking services.