JPMorgan Chase & Co. Has $302,000 Holdings in Sterling Bancorp (NASDAQ:SBT)

JPMorgan Chase & Co. boosted its holdings in Sterling Bancorp (NASDAQ:SBT) by 175.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,349 shares of the company’s stock after purchasing an additional 40,318 shares during the quarter. JPMorgan Chase & Co. owned 0.12% of Sterling Bancorp worth $302,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SBT. Geode Capital Management LLC raised its stake in Sterling Bancorp by 9.8% in the third quarter. Geode Capital Management LLC now owns 451,150 shares of the company’s stock valued at $2,053,000 after purchasing an additional 40,414 shares in the last quarter. Barclays PLC increased its holdings in Sterling Bancorp by 206.1% in the 3rd quarter. Barclays PLC now owns 27,819 shares of the company’s stock valued at $126,000 after buying an additional 18,730 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Sterling Bancorp in the 4th quarter valued at approximately $51,000. Institutional investors own 26.37% of the company’s stock.

Sterling Bancorp Stock Performance

NASDAQ SBT opened at $4.84 on Friday. The firm’s 50 day simple moving average is $4.79 and its 200 day simple moving average is $4.77. The firm has a market capitalization of $253.13 million, a price-to-earnings ratio of 96.82 and a beta of 0.54. Sterling Bancorp has a 1 year low of $4.40 and a 1 year high of $5.97.

Sterling Bancorp (NASDAQ:SBT) last issued its earnings results on Thursday, January 30th. The company reported $0.02 earnings per share for the quarter. Sterling Bancorp had a return on equity of 0.65% and a net margin of 1.57%.

About Sterling Bancorp

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.