Michael A. Montemayor Buys 2,000 Shares of Sterling Bancorp Inc (SBT) Stock

Sterling Bancorp Inc (NASDAQ:SBT) insider Michael A. Montemayor purchased 2,000 shares of the business’s stock in a transaction on Thursday, March 22nd. The stock was bought at an average cost of $13.20 per share, with a total value of $26,400.00. The purchase was disclosed in a filing with the SEC, which is available at this link.

Shares of Sterling Bancorp stock opened at $13.08 on Friday. Sterling Bancorp Inc has a 12 month low of $12.00 and a 12 month high of $14.98. The company has a current ratio of 1.14, a quick ratio of 1.12 and a debt-to-equity ratio of 1.62.

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Sterling Bancorp (NASDAQ:SBT) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter. The business had revenue of $29.74 million during the quarter.

The firm also recently disclosed a special dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were paid a $0.01 dividend. The ex-dividend date was Tuesday, February 13th. This represents a dividend yield of 0.000800640512409928%.

Several institutional investors have recently made changes to their positions in SBT. BlackRock Inc. purchased a new stake in shares of Sterling Bancorp in the 4th quarter valued at $411,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Sterling Bancorp in the 4th quarter valued at $550,000. Macquarie Group Ltd. purchased a new stake in shares of Sterling Bancorp in the 4th quarter valued at $772,000. River Oaks Capital LLC purchased a new stake in shares of Sterling Bancorp in the 4th quarter valued at $928,000. Finally, Penn Capital Management Co. Inc. purchased a new stake in shares of Sterling Bancorp in the 4th quarter valued at $1,290,000. 28.79% of the stock is owned by institutional investors.

Separately, Sandler O’Neill initiated coverage on shares of Sterling Bancorp in a research note on Thursday, December 21st. They issued a “buy” rating and a $14.00 price objective for the company.

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About Sterling Bancorp

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.

Insider Buying and Selling by Quarter for Sterling Bancorp (NASDAQ:SBT)

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