Sterling Bancorp (NASDAQ:SBT) Shares Sold by Empowered Funds LLC

Empowered Funds LLC cut its stake in shares of Sterling Bancorp (NASDAQ:SBT) by 7.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 87,445 shares of the company’s stock after selling 7,500 shares during the quarter. Empowered Funds LLC owned approximately 0.17% of Sterling Bancorp worth $398,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Sterling Bancorp by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 1,461,987 shares of the company’s stock valued at $7,544,000 after buying an additional 8,077 shares in the last quarter. Bank of New York Mellon Corp boosted 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 in the last quarter. Princeton Capital Management LLC grew its holdings in shares of Sterling Bancorp by 60.6% during the second quarter. Princeton Capital Management LLC now owns 26,511 shares of the company’s stock worth $139,000 after purchasing an additional 10,000 shares during the last quarter. Dimensional Fund Advisors LP increased its position 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 worth $4,685,000 after purchasing an additional 66,148 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Sterling Bancorp by 5.0% in the 2nd 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. 26.37% of the stock is owned by institutional investors and hedge funds.

Sterling Bancorp Stock Performance

Shares of NASDAQ SBT opened at $4.84 on Monday. Sterling Bancorp has a one year low of $4.40 and a one year high of $6.01. The firm has a market capitalization of $253.18 million, a P/E ratio of 37.23 and a beta of 0.52. The company’s fifty day moving average is $4.68 and its two-hundred day moving average is $5.11.

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.