JPMorgan Chase & Co. Increases Stake in Sterling Bancorp (NASDAQ:SBT)

JPMorgan Chase & Co. increased its stake in Sterling Bancorp (NASDAQ:SBT) by 131.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,031 shares of the company’s stock after buying an additional 13,096 shares during the period. JPMorgan Chase & Co.’s holdings in Sterling Bancorp were worth $105,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SBT. Dimensional Fund Advisors LP raised its position in shares of Sterling Bancorp by 8.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 895,976 shares of the company’s stock worth $4,685,000 after acquiring an additional 66,148 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Sterling Bancorp by 9.8% during the third quarter. Geode Capital Management LLC now owns 451,150 shares of the company’s stock valued at $2,053,000 after purchasing an additional 40,414 shares in the last quarter. Barclays PLC grew its stake in Sterling Bancorp by 206.1% in the third quarter. Barclays PLC now owns 27,819 shares of the company’s stock worth $126,000 after purchasing an additional 18,730 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Sterling Bancorp by 5.0% in the second quarter. Renaissance Technologies LLC now owns 229,474 shares of the company’s stock worth $1,200,000 after purchasing an additional 11,000 shares in the last quarter. 26.37% of the stock is currently owned by hedge funds and other institutional investors.

Sterling Bancorp Trading Down 2.7 %

Shares of SBT stock opened at $4.71 on Monday. The company’s fifty day moving average price is $4.77 and its 200-day moving average price is $5.01. The stock has a market cap of $246.39 million, a PE ratio of 36.23 and a beta of 0.54. Sterling Bancorp has a 12 month low of $4.40 and a 12 month high of $5.97.

Sterling Bancorp (NASDAQ:SBT) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.02 EPS for the quarter. Sterling Bancorp had a net margin of 4.45% and a return on equity of 1.83%.

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.