Thrivent Financial For Lutherans lifted its holdings in shares of Sterling Bancorp (NYSE:STL) by 5.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,279 shares of the financial services provider’s stock after acquiring an additional 4,040 shares during the quarter. Thrivent Financial For Lutherans owned approximately 0.06% of Sterling Bancorp worth $1,890,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. First Bank & Trust raised its holdings in shares of Sterling Bancorp by 402.6% during the second quarter. First Bank & Trust now owns 4,956 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 3,970 shares in the last quarter. Riverhead Capital Management LLC raised its holdings in shares of Sterling Bancorp by 70.6% during the second quarter. Riverhead Capital Management LLC now owns 5,119 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 2,119 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Sterling Bancorp by 51.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,089 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 1,735 shares in the last quarter. World Asset Management Inc bought a new position in shares of Sterling Bancorp during the first quarter valued at approximately $203,000. Finally, Ronna Sue Cohen raised its holdings in shares of Sterling Bancorp by 0.3% during the second quarter. Ronna Sue Cohen now owns 10,245 shares of the financial services provider’s stock valued at $238,000 after acquiring an additional 33 shares in the last quarter. Institutional investors own 90.91% of the company’s stock.

In other news, Director Richard L. O’toole bought 4,000 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was acquired at an average cost of $22.60 per share, with a total value of $90,400.00. Following the transaction, the director now directly owns 21,291 shares in the company, valued at approximately $481,176.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Burt Steinberg bought 10,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $21.88 per share, with a total value of $218,800.00. Following the completion of the transaction, the director now owns 135,146 shares in the company, valued at $2,956,994.48. The disclosure for this purchase can be found here. Insiders own 3.74% of the company’s stock.

Shares of Sterling Bancorp (NYSE STL) opened at 24.65 on Friday. The stock has a market capitalization of $3.34 billion, a PE ratio of 20.56 and a beta of 1.07. Sterling Bancorp has a 52 week low of $16.75 and a 52 week high of $25.85. The company has a 50-day moving average price of $22.34 and a 200 day moving average price of $22.95.

Sterling Bancorp (NYSE:STL) last issued its earnings results on Tuesday, July 25th. The financial services provider reported $0.33 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.33. The business had revenue of $126.88 million during the quarter, compared to analyst estimates of $133.85 million. Sterling Bancorp had a return on equity of 8.62% and a net margin of 28.40%. Equities analysts forecast that Sterling Bancorp will post $0.69 EPS for the current fiscal year.

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A number of equities analysts recently commented on the company. Zacks Investment Research downgraded Sterling Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. BidaskClub upgraded Sterling Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Maxim Group restated a “buy” rating and set a $30.00 target price on shares of Sterling Bancorp in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. Sterling Bancorp currently has an average rating of “Buy” and an average price target of $27.07.

About Sterling Bancorp

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.

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

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