Sterling Bancorp (STL): Richard L. O’toole , director of Sterling Bancorp purchased 1,000 shares on May 10, 2016. The Insider buying transaction was reported by the company on May 10, 2016 to the Securities and Exchange Commission. The shares were purchased at $15.77 per share for a total value of $15,770.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 29, 2016, Craig S Thompson (director) sold 3,000 shares at $16.54 per share price.On Apr 29, 2016, James P Blose (General Counsel and CLO) sold 7,500 shares at $16.61 per share price.Also, On Mar 30, 2016, Thomas G Kahn (director) sold 414 shares at $0.00 per share price.On Feb 19, 2016, Richard L. O’toole (director) purchased 1,000 shares at $14.17 per share price.
Sterling Bancorp: On Friday, May 6, 2016 heightened volatility was witnessed in Sterling Bancorp which led to swings in the share price. The shares opened for trading at $15.5 and hit $15.7 on the upside , eventually ending the session at $15.69, with a gain of 0.84% or 0.13 points. The heightened volatility saw the trading volume jump to 8,46,201 shares. The 52-week high of the share price is $17.75 and the company has a market cap of $2,047 M . The 52-week low of the share price is at $12.972.
Sterling Bancorp formerly Provident New York Bancorp is a holding company. The Company operates through its subsidiary Sterling National Bank (SNB) which specializes in the delivery of service and solutions to business owners their families and consumers. SNB offers a range of commercial business and consumer banking products and services. The Bank primarily originates commercial real estate loans and commercial and industrial loans. It also originates residential mortgage loans and consumer loans such as home equity lines of credit homeowner loans and personal loans in market area. The Bank invests in government and agency securities State and municipal securities equities and mortgage-backed securities. SNB offers a range of deposit accounts with a range of interest rates and terms. As of September 30 2014 the Company had over $7.3 billion in assets.