Sterling Bancorp (SBT) Hits New 52-Week Low at $10.81
Shares of Sterling Bancorp (NASDAQ:SBT) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $10.81 and last traded at $12.05, with a volume of 1074 shares. The stock had previously closed at $12.74.
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 released its quarterly earnings results on Monday, July 30th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The firm had revenue of $36.15 million for the quarter.
Large investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund acquired a new position in Sterling Bancorp during the 1st quarter worth approximately $127,000. Engineers Gate Manager LP acquired a new position in Sterling Bancorp during the 2nd quarter worth approximately $142,000. American International Group Inc. acquired a new position in Sterling Bancorp during the 1st quarter worth approximately $151,000. GSA Capital Partners LLP acquired a new position in Sterling Bancorp during the 2nd quarter worth approximately $164,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Sterling Bancorp during the 2nd quarter worth approximately $174,000. 30.67% of the stock is owned by hedge funds and other institutional investors.
Sterling Bancorp Company Profile (NASDAQ:SBT)
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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