Sterling Bancorp (NASDAQ:SBT) Stock Price Down 3.3%

Sterling Bancorp (NASDAQ:SBT - Get Free Report)'s share price traded down 3.3% during trading on Monday . The company traded as low as $4.96 and last traded at $4.99. 33,265 shares were traded during trading, a decline of 17% from the average session volume of 40,146 shares. The stock had previously closed at $5.16.

Sterling Bancorp Stock Down 3.3 %

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $259.83 million, a price-to-earnings ratio of 33.27 and a beta of 0.56. The firm has a fifty day moving average price of $5.16 and a 200 day moving average price of $5.51.

Sterling Bancorp (NASDAQ:SBT - Get Free Report) last issued its quarterly earnings data on Wednesday, January 24th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.07. Sterling Bancorp had a return on equity of 2.32% and a net margin of 5.72%. The firm had revenue of $33.14 million during the quarter.

Institutional Investors Weigh In On Sterling Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of SBT. Vanguard Group Inc. lifted its position in Sterling Bancorp by 15.6% during the fourth quarter. Vanguard Group Inc. now owns 1,453,910 shares of the company's stock worth $8,389,000 after buying an additional 196,113 shares during the period. Barclays PLC increased its position in Sterling Bancorp by 622.2% during the fourth quarter. Barclays PLC now owns 29,949 shares of the company's stock worth $173,000 after purchasing an additional 25,802 shares during the last quarter. Northern Trust Corp raised its stake in Sterling Bancorp by 1.8% during the fourth quarter. Northern Trust Corp now owns 163,818 shares of the company's stock worth $945,000 after purchasing an additional 2,889 shares during the period. Stifel Financial Corp boosted its holdings in shares of Sterling Bancorp by 91.3% in the 4th quarter. Stifel Financial Corp now owns 166,088 shares of the company's stock valued at $958,000 after purchasing an additional 79,275 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Sterling Bancorp by 9.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 783,229 shares of the company's stock worth $4,519,000 after buying an additional 66,356 shares during the last quarter. 26.37% of the stock is currently owned by hedge funds and other institutional investors.

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.

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