Sterling Bancorp (STL) Shares Bought by 10 15 Associates Inc.

10 15 Associates Inc. raised its position in Sterling Bancorp (NYSE:STL) by 5.9% during the first quarter, Holdings Channel reports. The firm owned 10,454 shares of the financial services provider’s stock after buying an additional 586 shares during the period. 10 15 Associates Inc.’s holdings in Sterling Bancorp were worth $247,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. acquired a new stake in Sterling Bancorp during the fourth quarter worth $9,090,000. Comerica Bank increased its position in shares of Sterling Bancorp by 35.5% in the fourth quarter. Comerica Bank now owns 178,145 shares of the financial services provider’s stock valued at $4,213,000 after buying an additional 46,639 shares during the last quarter. State Street Corp increased its position in shares of Sterling Bancorp by 18.5% in the fourth quarter. State Street Corp now owns 4,673,693 shares of the financial services provider’s stock valued at $109,369,000 after buying an additional 729,145 shares during the last quarter. Elkfork Partners LLC purchased a new position in shares of Sterling Bancorp during the fourth quarter valued at approximately $167,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Sterling Bancorp during the fourth quarter valued at approximately $465,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

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

Shares of Sterling Bancorp (NYSE:STL) traded down 1.08% during midday trading on Wednesday, hitting $22.95. 1,156,320 shares of the stock traded hands. The stock has a 50-day moving average of $22.72 and a 200-day moving average of $23.54. Sterling Bancorp has a 52-week low of $14.55 and a 52-week high of $25.85. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 19.50 and a beta of 1.04.

Sterling Bancorp (NYSE:STL) last released its earnings results on Tuesday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.31. The company had revenue of $121.63 million for the quarter, compared to analyst estimates of $127.81 million. Sterling Bancorp had a net margin of 28.23% and a return on equity of 8.36%. On average, equities analysts predict that Sterling Bancorp will post $0.69 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, May 22nd. Shareholders of record on Monday, May 8th were issued a $0.07 dividend. The ex-dividend date of this dividend was Thursday, May 4th. This represents a $0.28 dividend on an annualized basis and a yield of 1.22%. Sterling Bancorp’s dividend payout ratio (DPR) is 23.73%.

COPYRIGHT VIOLATION NOTICE: “Sterling Bancorp (STL) Shares Bought by 10 15 Associates Inc.” was originally published by Mideast Time and is owned by of Mideast Time. If you are viewing this report on another website, it was stolen and republished in violation of US and international copyright laws. The legal version of this report can be viewed at https://www.mideasttime.com/sterling-bancorp-stl-shares-bought-by-10-15-associates-inc/1800342.html.

Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Sterling Bancorp from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Tuesday. BidaskClub upgraded shares of Sterling Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Royal Bank Of Canada reiterated a “buy” rating on shares of Sterling Bancorp in a report on Tuesday, May 30th. ValuEngine upgraded shares of Sterling Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, May 20th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $28.00 price target on shares of Sterling Bancorp in a report on Friday, May 19th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $27.21.

In other news, General Counsel James P. Blose sold 3,000 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $24.00, for a total transaction of $72,000.00. Following the transaction, the general counsel now directly owns 18,433 shares in the company, valued at approximately $442,392. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Thomas G. Kahn sold 2,000 shares of the stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $23.53, for a total transaction of $47,060.00. Following the transaction, the director now owns 44,648 shares in the company, valued at $1,050,567.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 211,500 shares of company stock worth $4,875,795. 3.74% of the stock is owned by insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “STL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding STL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sterling Bancorp (NYSE:STL).

Receive News & Ratings for Sterling Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sterling Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.