Fox Run Management L.L.C. bought a new stake in shares of Sterling Bancorp (NYSE:STL) during the 4th quarter, Holdings Channel reports. The firm bought 46,205 shares of the financial services provider’s stock, valued at approximately $1,137,000.

Several other institutional investors have also modified their holdings of the company. Benin Management CORP acquired a new stake in shares of Sterling Bancorp during the 4th quarter valued at about $344,000. Schwab Charles Investment Management Inc. boosted its position in Sterling Bancorp by 72.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,022,053 shares of the financial services provider’s stock valued at $25,143,000 after buying an additional 430,011 shares in the last quarter. Bank of Montreal Can boosted its position in Sterling Bancorp by 19.4% in the fourth quarter. Bank of Montreal Can now owns 756,900 shares of the financial services provider’s stock valued at $18,619,000 after buying an additional 123,068 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Sterling Bancorp by 3.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 56,900 shares of the financial services provider’s stock valued at $1,400,000 after buying an additional 2,000 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Sterling Bancorp by 106.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 43,175 shares of the financial services provider’s stock valued at $1,062,000 after buying an additional 22,245 shares in the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

In other Sterling Bancorp news, Director James F. Deutsch sold 300,000 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $25.31, for a total value of $7,593,000.00. Following the completion of the transaction, the director now directly owns 500 shares of the company’s stock, valued at $12,655. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Thomas G. Kahn sold 30,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $23.69, for a total transaction of $710,700.00. Following the completion of the transaction, the director now directly owns 44,774 shares of the company’s stock, valued at $1,060,696.06. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 753,635 shares of company stock valued at $18,727,028. Insiders own 3.74% of the company’s stock.

A number of equities analysts have commented on STL shares. Maxim Group restated a “buy” rating and issued a $30.00 price target on shares of Sterling Bancorp in a research report on Wednesday, October 25th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $29.00 price target on shares of Sterling Bancorp in a research report on Thursday, October 12th. Zacks Investment Research lowered shares of Sterling Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. JMP Securities started coverage on shares of Sterling Bancorp in a research report on Monday, November 20th. They issued a “market perform” rating and a $25.85 price target on the stock. Finally, Royal Bank of Canada reduced their price target on shares of Sterling Bancorp from $30.00 to $29.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Sterling Bancorp has a consensus rating of “Buy” and a consensus price target of $27.86.

Shares of Sterling Bancorp (NYSE STL) traded up $0.10 during midday trading on Thursday, hitting $25.80. 1,372,700 shares of the company’s stock were exchanged, compared to its average volume of 1,634,036. Sterling Bancorp has a one year low of $21.00 and a one year high of $26.50. The company has a market capitalization of $5,774.97, a P/E ratio of 20.81 and a beta of 1.04. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.99 and a current ratio of 0.99.

Sterling Bancorp (NYSE:STL) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). Sterling Bancorp had a return on equity of 9.08% and a net margin of 28.58%. The company had revenue of $134.06 million during the quarter, compared to the consensus estimate of $135.09 million. During the same period in the prior year, the firm posted $0.29 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. research analysts expect that Sterling Bancorp will post 1.36 earnings per share for the current year.

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Sterling Bancorp Company Profile

Sterling Bancorp is a financial holding company. The Company is a bank holding company that owns the Sterling National Bank (the Bank). The Bank specializes in the delivery of services and solutions to business owners, their families and consumers within the communities it serves. The Bank offers a line of commercial, business, and consumer banking products and services.

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Institutional Ownership by Quarter for Sterling Bancorp (NYSE:STL)

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