Jane Street Group LLC Has $65,000 Stake in Sterling Bancorp (NASDAQ:SBT)

Jane Street Group LLC decreased its stake in shares of Sterling Bancorp (NASDAQ:SBT) by 14.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 14,344 shares of the company’s stock after selling 2,357 shares during the quarter. Jane Street Group LLC’s holdings in Sterling Bancorp were worth $65,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in SBT. Bank of New York Mellon Corp increased its stake in 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 acquiring an additional 2,357 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Sterling Bancorp by 5.0% in 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 in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of 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 acquiring an additional 66,148 shares during the period. 26.37% of the stock is owned by institutional investors and hedge funds.

Sterling Bancorp Price Performance

SBT opened at $4.72 on Thursday. The firm has a 50 day simple moving average of $4.79 and a 200 day simple moving average of $5.06. The company has a market cap of $246.92 million, a price-to-earnings ratio of 36.31 and a beta of 0.54. Sterling Bancorp has a fifty-two week low of $4.40 and a fifty-two week high of $5.97.

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.