Sterling Bancorp (NASDAQ:SBT) Trading Up 1.2% – Should You Buy?

Shares of Sterling Bancorp (NASDAQ:SBT) traded up 1.2% on Monday . The company traded as high as $4.90 and last traded at $4.89. 42,024 shares were traded during trading, an increase of 31% from the average session volume of 31,970 shares. The stock had previously closed at $4.83.

Sterling Bancorp Stock Performance

The business has a fifty day simple moving average of $4.71 and a 200 day simple moving average of $4.79. The stock has a market capitalization of $255.81 million, a price-to-earnings ratio of 97.82 and a beta of 0.54.

Sterling Bancorp (NASDAQ:SBT) last released its earnings results on Thursday, January 30th. The company reported $0.02 earnings per share for the quarter. Sterling Bancorp had a return on equity of 0.65% and a net margin of 1.57%.

Institutional Investors Weigh In On Sterling Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN grew its stake in Sterling Bancorp by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 12,488 shares of the company’s stock worth $59,000 after purchasing an additional 2,720 shares during the period. Barclays PLC lifted its holdings in Sterling Bancorp by 15.1% during the fourth quarter. Barclays PLC now owns 32,009 shares of the company’s stock worth $152,000 after acquiring an additional 4,190 shares during the period. Bank of America Corp DE lifted its holdings in Sterling Bancorp by 13.5% during the fourth quarter. Bank of America Corp DE now owns 49,548 shares of the company’s stock worth $236,000 after acquiring an additional 5,876 shares during the period. SG Americas Securities LLC purchased a new stake in Sterling Bancorp in the fourth quarter worth $51,000. Finally, FJ Capital Management LLC increased its position in Sterling Bancorp by 0.3% in the fourth quarter. FJ Capital Management LLC now owns 4,300,157 shares of the company’s stock worth $20,469,000 after buying an additional 11,422 shares during the last quarter. Institutional investors and hedge funds own 26.37% of the company’s stock.

About Sterling Bancorp

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.