Kennedy Capital Management Inc. purchased a new stake in shares of Sterling Bancorp Inc (NASDAQ:SBT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 199,650 shares of the company’s stock, valued at approximately $2,536,000. Kennedy Capital Management Inc. owned 0.38% of Sterling Bancorp at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the stock. Banc Funds Co. LLC bought a new stake in Sterling Bancorp during the 4th quarter valued at approximately $5,474,000. Cortina Asset Management LLC bought a new stake in Sterling Bancorp during the 4th quarter valued at approximately $3,937,000. River Oaks Capital LLC bought a new stake in Sterling Bancorp during the 4th quarter valued at approximately $928,000. Monashee Investment Management LLC bought a new stake in Sterling Bancorp during the 4th quarter valued at approximately $7,537,000. Finally, Citadel Advisors LLC bought a new stake in Sterling Bancorp during the 4th quarter valued at approximately $3,831,000. Institutional investors own 28.79% of the company’s stock.
Shares of Sterling Bancorp Inc (NASDAQ SBT) opened at $14.08 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 1.62. Sterling Bancorp Inc has a 12-month low of $12.00 and a 12-month high of $14.98.
The business also recently declared a special dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were given a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a dividend yield of 0.000800640512409928%.
Separately, Sandler O’Neill reaffirmed a “buy” rating and set a $14.50 price objective on shares of Sterling Bancorp in a research report on Wednesday, January 3rd.
Sterling Bancorp Company Profile
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.
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