Sterling Bancorp (NASDAQ:SBT) Stake Lifted by Barclays PLC

Barclays PLC increased its stake in Sterling Bancorp (NASDAQ:SBT) by 206.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,819 shares of the company’s stock after acquiring an additional 18,730 shares during the period. Barclays PLC owned approximately 0.05% of Sterling Bancorp worth $126,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SBT. Bank of New York Mellon Corp lifted its stake 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 valued at $466,000 after purchasing an additional 2,357 shares during the last quarter. Renaissance Technologies LLC lifted its stake in 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 purchasing an additional 11,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Sterling Bancorp by 8.0% during the second quarter. Dimensional Fund Advisors LP now owns 895,976 shares of the company’s stock valued at $4,685,000 after purchasing an additional 66,148 shares during the last quarter. 26.37% of the stock is currently owned by institutional investors.

Sterling Bancorp Stock Performance

Shares of NASDAQ:SBT opened at $4.73 on Thursday. The company has a market cap of $247.44 million, a PE ratio of 36.39 and a beta of 0.54. Sterling Bancorp has a 52 week low of $4.40 and a 52 week high of $5.97. The firm has a 50 day simple moving average of $4.79 and a 200 day simple moving average of $5.07.

Sterling Bancorp 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.