Barclays PLC Purchases 18,730 Shares of Sterling Bancorp (NASDAQ:SBT)

Barclays PLC increased its position in Sterling Bancorp (NASDAQ:SBT) by 206.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,819 shares of the company’s stock after acquiring an additional 18,730 shares during the quarter. Barclays PLC’s holdings in Sterling Bancorp were worth $126,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in shares of Sterling Bancorp by 2.7% during the 2nd 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. Renaissance Technologies LLC boosted its position in Sterling Bancorp by 5.0% in the second quarter. Renaissance Technologies LLC now owns 229,474 shares of the company’s stock valued at $1,200,000 after buying an additional 11,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in 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 buying an additional 66,148 shares in the last quarter. Institutional investors own 26.37% of the company’s stock.

Sterling Bancorp Stock Up 1.9 %

NASDAQ:SBT opened at $4.73 on Thursday. The firm has a market cap of $247.44 million, a PE ratio of 36.39 and a beta of 0.54. Sterling Bancorp has a 12 month low of $4.40 and a 12 month high of $5.97. The company’s 50-day moving average price is $4.79 and its two-hundred day moving average price is $5.07.

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.