Sandler O’Neill started coverage on shares of Sterling Bancorp (NASDAQ:SBT) in a report released on Thursday. The firm set a “buy” rating on the stock.

Shares of Sterling Bancorp (NASDAQ:SBT) opened at $12.61 on Thursday. Sterling Bancorp has a one year low of $12.00 and a one year high of $13.79.

In related news, Chairman Gary S. Judd acquired 7,600 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was acquired at an average price of $12.00 per share, with a total value of $91,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Thomas W. Jr. Lopp acquired 7,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was bought at an average cost of $12.00 per share, with a total value of $84,000.00. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 24,600 shares of company stock worth $295,200 and have sold 2,305,855 shares worth $27,670,260.

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Sterling Bancorp Company Profile

Sterling Bancorp, Inc is a holding company. The Company, through its subsidiary, Sterling Bank and Trust, F.S.B. (the Bank), offers a range of loan products to the residential and commercial markets, as well as retail banking services. As of October 19, 2017, it operated through 26 branches, including 20 in the San Francisco area, four in greater Los Angeles, one in New York City and one branch in Michigan.

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