Sterling Bancorp (NASDAQ:SBT) Trading 1.2% Higher – What’s Next?

Sterling Bancorp (NASDAQ:SBT) shares traded up 1.2% on Monday . The company traded as high as $4.90 and last traded at $4.89. 42,024 shares traded hands during mid-day trading, an increase of 31% from the average session volume of 31,970 shares. The stock had previously closed at $4.83.

Sterling Bancorp Stock Up 1.2 %

The business’s 50-day simple moving average is $4.70 and its two-hundred day simple moving average is $4.80. The firm has a market cap of $255.81 million, a price-to-earnings ratio of 97.82 and a beta of 0.54.

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

Institutional Trading of Sterling Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC lifted its stake 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 in the last quarter. Geode Capital Management LLC raised its holdings in shares of Sterling Bancorp by 9.8% during the third quarter. Geode Capital Management LLC now owns 451,150 shares of the company’s stock valued at $2,053,000 after acquiring an additional 40,414 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Sterling Bancorp by 131.8% in the third quarter. JPMorgan Chase & Co. now owns 23,031 shares of the company’s stock valued at $105,000 after acquiring an additional 13,096 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Sterling Bancorp in the fourth quarter worth approximately $51,000. Finally, Alliancebernstein L.P. boosted its stake in shares of Sterling Bancorp by 6.0% in the fourth 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. Hedge funds and other institutional investors own 26.37% of the company’s stock.

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.