Barclays PLC Raises Holdings in Sterling Bancorp (NASDAQ:SBT)

Barclays PLC grew its holdings in Sterling Bancorp (NASDAQ:SBT) by 15.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 32,009 shares of the company’s stock after acquiring an additional 4,190 shares during the period. Barclays PLC’s holdings in Sterling Bancorp were worth $152,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Wells Fargo & Company MN lifted its stake in shares of Sterling Bancorp by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 12,488 shares of the company’s stock valued at $59,000 after purchasing an additional 2,720 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Sterling Bancorp by 6.0% in the 4th quarter. Alliancebernstein L.P. now owns 2,314,744 shares of the company’s stock valued at $11,018,000 after purchasing an additional 131,754 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Sterling Bancorp by 175.1% in the 4th quarter. JPMorgan Chase & Co. now owns 63,349 shares of the company’s stock valued at $302,000 after purchasing an additional 40,318 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Sterling Bancorp in the 4th quarter valued at approximately $51,000. Hedge funds and other institutional investors own 26.37% of the company’s stock.

Sterling Bancorp Price Performance

SBT opened at $4.84 on Wednesday. The stock has a market cap of $253.13 million, a PE ratio of 96.82 and a beta of 0.54. The business has a 50 day moving average of $4.82 and a 200-day moving average of $4.78. Sterling Bancorp has a 52 week low of $4.40 and a 52 week high of $5.97.

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.