Barclays PLC Raises Holdings in Sterling Bancorp (NASDAQ:SBT)

Barclays PLC increased its stake in shares of Sterling Bancorp (NASDAQ:SBT) by 15.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 32,009 shares of the company’s stock after purchasing an additional 4,190 shares during the period. Barclays PLC owned 0.06% of Sterling Bancorp worth $152,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Alliancebernstein L.P. increased its stake in Sterling Bancorp by 6.0% in the 4th quarter. Alliancebernstein L.P. now owns 2,314,744 shares of the company’s stock worth $11,018,000 after acquiring an additional 131,754 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Sterling Bancorp by 175.1% during the 4th quarter. JPMorgan Chase & Co. now owns 63,349 shares of the company’s stock valued at $302,000 after purchasing an additional 40,318 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Sterling Bancorp by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 12,488 shares of the company’s stock valued at $59,000 after purchasing an additional 2,720 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Sterling Bancorp during the 4th quarter valued at about $51,000. Hedge funds and other institutional investors own 26.37% of the company’s stock.

Sterling Bancorp Stock Performance

Shares of Sterling Bancorp stock opened at $4.84 on Wednesday. The firm has a market capitalization of $253.13 million, a PE ratio of 96.82 and a beta of 0.54. The business’s 50-day moving average price is $4.82 and its 200-day moving average price is $4.78. Sterling Bancorp has a 12 month low of $4.40 and a 12 month high of $5.97.

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.