Geode Capital Management LLC Purchases 40,414 Shares of Sterling Bancorp (NASDAQ:SBT)

Geode Capital Management LLC grew its position in shares of Sterling Bancorp (NASDAQ:SBT) by 9.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 451,150 shares of the company’s stock after acquiring an additional 40,414 shares during the period. Geode Capital Management LLC’s holdings in Sterling Bancorp were worth $2,053,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in shares of Sterling Bancorp by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 89,085 shares of the company’s stock valued at $466,000 after purchasing an additional 2,357 shares during the period. Renaissance Technologies LLC raised its stake in shares of Sterling Bancorp by 5.0% during the second quarter. Renaissance Technologies LLC now owns 229,474 shares of the company’s stock valued at $1,200,000 after acquiring an additional 11,000 shares during the last quarter. Barclays PLC boosted its holdings in shares of Sterling Bancorp by 206.1% during the third quarter. Barclays PLC now owns 27,819 shares of the company’s stock worth $126,000 after purchasing an additional 18,730 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Sterling Bancorp by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 895,976 shares of the company’s stock worth $4,685,000 after purchasing an additional 66,148 shares during the last quarter. 26.37% of the stock is owned by hedge funds and other institutional investors.

Sterling Bancorp Stock Up 1.9 %

NASDAQ:SBT opened at $4.73 on Thursday. The firm’s fifty day simple moving average is $4.79 and its 200 day simple moving average is $5.07. Sterling Bancorp has a twelve month low of $4.40 and a twelve month high of $5.97. The stock has a market cap of $247.44 million, a P/E ratio of 36.39 and a beta of 0.54.

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.