Sterling Bancorp (NASDAQ:SBT) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in Sterling Bancorp (NASDAQ:SBT) by 8.0% in the 2nd quarter, Holdings Channel reports. The firm owned 895,976 shares of the company’s stock after purchasing an additional 66,148 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Sterling Bancorp were worth $4,685,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Koss Olinger Consulting LLC acquired a new stake in Sterling Bancorp in the 1st quarter valued at about $68,000. Princeton Capital Management LLC lifted its stake in Sterling Bancorp by 60.6% in the 2nd quarter. Princeton Capital Management LLC now owns 26,511 shares of the company’s stock valued at $139,000 after buying an additional 10,000 shares in the last quarter. BNP Paribas Financial Markets increased its position in Sterling Bancorp by 883.5% during the first quarter. BNP Paribas Financial Markets now owns 74,696 shares of the company’s stock worth $385,000 after buying an additional 67,101 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of 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 acquiring an additional 2,357 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Sterling Bancorp by 0.6% in the first quarter. Vanguard Group Inc. now owns 1,461,987 shares of the company’s stock valued at $7,544,000 after acquiring an additional 8,077 shares in the last quarter. 26.37% of the stock is currently owned by institutional investors and hedge funds.

Sterling Bancorp Stock Performance

Shares of SBT opened at $4.50 on Thursday. The company’s 50 day simple moving average is $5.26 and its 200 day simple moving average is $5.15. The company has a market capitalization of $235.49 million, a price-to-earnings ratio of 28.13 and a beta of 0.52. Sterling Bancorp has a 1 year low of $4.40 and a 1 year high of $6.01.

Sterling Bancorp (NASDAQ:SBT) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $34.28 million for the quarter. Sterling Bancorp had a return on equity of 2.00% and a net margin of 4.84%.

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.