Sterling Bancorp (STL) was Initiated by Maxim Group to “Buy” and the brokerage firm has set the Price Target at $19. Maxim Group advised their investors in a research report released on Jun 23, 2016.
Sterling Bancorp closed down -0.03 points or -0.19% at $15.9 with 4,49,860 shares getting traded on Tuesday. Post opening the session at $15.98, the shares hit an intraday low of $15.77 and an intraday high of $15.99 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on May 24, 2016, Craig S Thompson (director) sold 2,500 shares at $15.88 per share price. According to the SEC, on May 10, 2016, Richard L. O’toole (director) purchased 1,000 shares at $15.77 per share price. On Apr 29, 2016, James P Blose (General Counsel and CLO) sold 7,500 shares at $16.61 per share price, according to the Form-4 filing with the securities and exchange commission.
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.