Stifel Financial Corp Cuts Stake in Sterling Bancorp (NASDAQ:SBT)

Stifel Financial Corp decreased its position in Sterling Bancorp (NASDAQ:SBT) by 24.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,500 shares of the company’s stock after selling 31,767 shares during the period. Stifel Financial Corp owned about 0.19% of Sterling Bancorp worth $457,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of Sterling Bancorp by 8.0% in 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 in the last quarter. Renaissance Technologies LLC lifted its position 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. Princeton Capital Management LLC grew its position in Sterling Bancorp by 60.6% in the second quarter. Princeton Capital Management LLC now owns 26,511 shares of the company’s stock worth $139,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Sterling Bancorp by 2.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 89,085 shares of the company’s stock worth $466,000 after purchasing an additional 2,357 shares in the last quarter. 26.37% of the stock is owned by institutional investors.

Sterling Bancorp Trading Down 0.2 %

NASDAQ SBT opened at $4.75 on Friday. The stock has a 50-day moving average of $4.79 and a 200-day moving average of $5.08. Sterling Bancorp has a 1-year low of $4.40 and a 1-year high of $5.97. The firm has a market cap of $248.49 million, a PE ratio of 36.54 and a beta of 0.52.

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.