Sterling Bancorp (NASDAQ:SBT) Trading Up 4%

Sterling Bancorp (NASDAQ:SBT)’s stock price traded up 4% during mid-day trading on Thursday . The company traded as high as $5.86 and last traded at $5.75. 21,904 shares changed hands during trading, a decline of 41% from the average session volume of 37,328 shares. The stock had previously closed at $5.53.

Sterling Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a 50 day moving average of $5.34 and a 200 day moving average of $5.14. The stock has a market capitalization of $298.63 million, a P/E ratio of 35.88 and a beta of 0.54.

Sterling Bancorp (NASDAQ:SBT) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.03 earnings per share for the quarter. The business had revenue of $34.28 million for the quarter. Sterling Bancorp had a net margin of 4.84% and a return on equity of 2.01%.

Institutional Trading of Sterling Bancorp

Several large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in shares of Sterling Bancorp during the fourth quarter valued at approximately $69,000. Koss Olinger Consulting LLC acquired a new position in shares of Sterling Bancorp during the 1st quarter valued at $68,000. BNP Paribas Financial Markets increased its position in shares of Sterling Bancorp by 883.5% during the 1st quarter. BNP Paribas Financial Markets now owns 74,696 shares of the company’s stock valued at $385,000 after purchasing an additional 67,101 shares during the period. Vanguard Group Inc. raised its stake in shares of Sterling Bancorp by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 1,461,987 shares of the company’s stock worth $7,544,000 after buying an additional 8,077 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Sterling Bancorp by 2.7% in the second quarter. Bank of New York Mellon Corp now owns 89,085 shares of the company’s stock valued at $466,000 after buying an additional 2,357 shares during the period. 26.37% of the stock is currently owned by institutional investors and hedge funds.

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.