Sterling Bancorp (NASDAQ:SBT) Stock Price Up 1.2% - Still a Buy?

Sterling Bancorp (NASDAQ:SBT - Get Free Report) shares shot up 1.2% on Monday . The company traded as high as $4.90 and last traded at $4.89. 42,024 shares changed hands 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 firm's fifty day moving average is $4.72 and its two-hundred day moving average is $4.78. The company has a market cap of $251.10 million, a P/E ratio of 96.02 and a beta of 0.54.

Sterling Bancorp (NASDAQ:SBT - Get Free Report) last released its quarterly earnings data 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 modified their holdings of the stock. SG Americas Securities LLC purchased a new position in Sterling Bancorp during the fourth quarter valued at $51,000. Wells Fargo & Company MN boosted its holdings in shares of Sterling Bancorp by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 12,488 shares of the company's stock valued at $59,000 after purchasing an additional 2,720 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Sterling Bancorp by 131.8% during the third quarter. JPMorgan Chase & Co. now owns 23,031 shares of the company's stock valued at $105,000 after purchasing an additional 13,096 shares in the last quarter. Barclays PLC increased its holdings in shares of Sterling Bancorp by 206.1% in the third quarter. Barclays PLC now owns 27,819 shares of the company's stock worth $126,000 after purchasing an additional 18,730 shares during the last quarter. Finally, JBF Capital Inc. purchased a new stake in shares of Sterling Bancorp in the fourth quarter worth about $152,000. Institutional investors own 26.37% of the company's stock.

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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.