Sterling Bancorp (NASDAQ:SBT) Shares Up 1.5%

Shares of Sterling Bancorp (NASDAQ:SBT) shot up 1.5% during mid-day trading on Tuesday . The stock traded as high as $5.32 and last traded at $5.30. 14,200 shares changed hands during trading, a decline of 64% from the average session volume of 39,212 shares. The stock had previously closed at $5.22.

Sterling Bancorp Stock Performance

The company has a market capitalization of $265.03 million, a PE ratio of 31.81 and a beta of 0.58. The business’s fifty day moving average is $4.99 and its two-hundred day moving average is $5.30. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.15.

Sterling Bancorp (NASDAQ:SBT) last posted its earnings results on Wednesday, April 24th. The company reported $0.03 EPS for the quarter. Sterling Bancorp had a net margin of 5.79% and a return on equity of 2.40%. The business had revenue of $33.48 million during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Koss Olinger Consulting LLC purchased a new stake in shares of Sterling Bancorp during the 1st quarter valued at about $68,000. SG Americas Securities LLC bought a new stake in Sterling Bancorp in the fourth quarter worth about $69,000. Princeton Capital Management LLC lifted its stake in Sterling Bancorp by 13.8% in the third quarter. Princeton Capital Management LLC now owns 16,511 shares of the company’s stock worth $96,000 after purchasing an additional 2,000 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Sterling Bancorp by 883.5% in the first quarter. BNP Paribas Financial Markets now owns 74,696 shares of the company’s stock worth $385,000 after purchasing an additional 67,101 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Sterling Bancorp by 5.5% in the third quarter. Bank of New York Mellon Corp now owns 95,163 shares of the company’s stock worth $556,000 after purchasing an additional 4,943 shares during the last quarter. 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.