Trium Capital LLP Purchases New Shares in Sterling Bancorp (NASDAQ:SBT)

Trium Capital LLP purchased a new stake in shares of Sterling Bancorp (NASDAQ:SBT) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 192,126 shares of the company’s stock, valued at approximately $930,000. Trium Capital LLP owned 0.37% of Sterling Bancorp as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its position in Sterling Bancorp by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 12,488 shares of the company’s stock valued at $59,000 after buying an additional 2,720 shares during the period. JBF Capital Inc. purchased a new position in Sterling Bancorp during the fourth quarter valued at $152,000. Barclays PLC lifted its holdings in Sterling Bancorp by 15.1% during the fourth quarter. Barclays PLC now owns 32,009 shares of the company’s stock valued at $152,000 after purchasing an additional 4,190 shares in the last quarter. Bank of America Corp DE lifted its holdings in Sterling Bancorp by 13.5% during the fourth quarter. Bank of America Corp DE now owns 49,548 shares of the company’s stock valued at $236,000 after purchasing an additional 5,876 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Sterling Bancorp by 175.1% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 26.37% of the company’s stock.

Sterling Bancorp Price Performance

SBT opened at $4.84 on Wednesday. The company has a market cap of $253.13 million, a price-to-earnings ratio of 96.82 and a beta of 0.54. Sterling Bancorp has a 52-week low of $4.40 and a 52-week high of $5.97. The firm’s fifty day simple moving average is $4.84 and its two-hundred day simple moving average is $4.79.

About Sterling Bancorp

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.