Geode Capital Management LLC Purchases 40,414 Shares of Sterling Bancorp (NASDAQ:SBT)

Geode Capital Management LLC increased its position in shares of Sterling Bancorp (NASDAQ:SBT) by 9.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 451,150 shares of the company’s stock after buying an additional 40,414 shares during the quarter. Geode Capital Management LLC owned about 0.86% of Sterling Bancorp worth $2,053,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in Sterling Bancorp by 8.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 895,976 shares of the company’s stock valued at $4,685,000 after buying an additional 66,148 shares during the last quarter. Barclays PLC grew its holdings in shares of Sterling Bancorp by 206.1% in the third quarter. Barclays PLC now owns 27,819 shares of the company’s stock valued at $126,000 after acquiring an additional 18,730 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Sterling Bancorp by 5.0% during the second quarter. Renaissance Technologies LLC now owns 229,474 shares of the company’s stock valued at $1,200,000 after acquiring an additional 11,000 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Sterling Bancorp by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 89,085 shares of the company’s stock worth $466,000 after acquiring an additional 2,357 shares during the period. Institutional investors own 26.37% of the company’s stock.

Sterling Bancorp Stock Performance

Shares of NASDAQ:SBT opened at $4.73 on Thursday. The company has a market capitalization of $247.44 million, a P/E ratio of 36.39 and a beta of 0.54. The company’s 50-day moving average is $4.79 and its 200 day moving average is $5.07. Sterling Bancorp has a fifty-two week low of $4.40 and a fifty-two week high of $5.97.

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.