Stifel Financial Corp Sells 31,767 Shares of Sterling Bancorp (NASDAQ:SBT)

Stifel Financial Corp cut its stake in Sterling Bancorp (NASDAQ:SBT) by 24.0% in the 3rd quarter, Holdings Channel reports. The firm owned 100,500 shares of the company’s stock after selling 31,767 shares during the period. Stifel Financial Corp’s holdings in Sterling Bancorp were worth $457,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SBT. Princeton Capital Management LLC raised its position in shares of Sterling Bancorp by 60.6% in the 2nd 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. Bank of New York Mellon Corp grew 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 worth $466,000 after purchasing an additional 2,357 shares during the period. 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. Finally, Dimensional Fund Advisors LP lifted its position in 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 buying an additional 66,148 shares during the period. 26.37% of the stock is currently owned by institutional investors.

Sterling Bancorp Trading Down 0.2 %

Shares of SBT stock opened at $4.75 on Friday. The company’s fifty day moving average price is $4.79 and its 200-day moving average price is $5.08. The stock has a market cap of $248.49 million, a PE ratio of 36.54 and a beta of 0.52. Sterling Bancorp has a 12 month low of $4.40 and a 12 month 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.