Sterling Bancorp (SBT) Director Lyle M. Wolberg Buys 1,000 Shares
Sterling Bancorp (NASDAQ:SBT) Director Lyle M. Wolberg purchased 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The stock was bought at an average cost of $11.50 per share, for a total transaction of $11,500.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of NASDAQ:SBT traded up $0.48 during trading on Friday, reaching $12.00. The company had a trading volume of 28,403 shares, compared to its average volume of 36,746. Sterling Bancorp has a 12 month low of $10.95 and a 12 month high of $14.98. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.22 and a quick ratio of 1.21.
Sterling Bancorp (NASDAQ:SBT) last issued its quarterly earnings results on Monday, July 30th. The company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. The company had revenue of $36.15 million during the quarter.
Several institutional investors have recently made changes to their positions in SBT. BlackRock Inc. purchased a new stake in shares of Sterling Bancorp in the 4th quarter valued at $411,000. Rhumbline Advisers purchased a new stake in shares of Sterling Bancorp in the 1st quarter valued at $184,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of Sterling Bancorp in the 1st quarter valued at $1,014,000. American International Group Inc. purchased a new stake in shares of Sterling Bancorp in the 1st quarter valued at $151,000. Finally, Northern Trust Corp purchased a new stake in shares of Sterling Bancorp in the 1st quarter valued at $2,490,000. 30.86% of the stock is owned by institutional investors.
Sterling Bancorp Company 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.
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