SG Americas Securities LLC Makes New $51,000 Investment in Sterling Bancorp (NASDAQ:SBT)

SG Americas Securities LLC acquired a new position in shares of Sterling Bancorp (NASDAQ:SBT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,657 shares of the company’s stock, valued at approximately $51,000.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in Sterling Bancorp by 131.8% during the third quarter. JPMorgan Chase & Co. now owns 23,031 shares of the company’s stock worth $105,000 after buying an additional 13,096 shares during the last quarter. Barclays PLC grew its stake in Sterling Bancorp by 206.1% during the third quarter. Barclays PLC now owns 27,819 shares of the company’s stock worth $126,000 after buying an additional 18,730 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Sterling Bancorp by 9.8% during the third quarter. Geode Capital Management LLC now owns 451,150 shares of the company’s stock worth $2,053,000 after buying an additional 40,414 shares during the last quarter. 26.37% of the stock is owned by institutional investors.

Sterling Bancorp Price Performance

SBT opened at $4.71 on Friday. Sterling Bancorp has a one year low of $4.40 and a one year high of $5.97. The company’s 50 day simple moving average is $4.76 and its 200-day simple moving average is $4.96. The stock has a market capitalization of $246.38 million, a P/E ratio of 94.22 and a beta of 0.53.

Sterling Bancorp (NASDAQ:SBT) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.02 EPS for the quarter. Sterling Bancorp had a net margin of 1.57% and a return on equity of 0.65%.

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.