Sterling Bancorp (NYSE:STL) has been under a strong bear grip, hence the stock is down -4.24% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.28% in the past 1 week. The stock has risen by 2.58% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.69% in the past 4 weeks.
The company shares have rallied 6.36% from its 1 Year high price. On Dec 2, 2015, the shares registered one year high at $17.75 and the one year low was seen on Aug 25, 2015. The 50-Day Moving Average price is $15.95 and the 200 Day Moving Average price is recorded at $15.64.
The stock has recorded a 20-day Moving Average of 1.22% and the 50-Day Moving Average is 0.07%.
Sterling Bancorp (NYSE:STL): stock turned positive on Friday. Though the stock opened at $15.76, the bulls momentum made the stock top out at $16.05 level for the day. The stock recorded a low of $15.76 and closed the trading day at $15.89, in the green by 2.32%. The total traded volume for the day was 813,513. The stock had closed at $15.53 in the previous days trading.
In an insider trading activity, The director, of Sterling Bancorp, Thompson Craig S had unloaded 2,500 shares at $15.88 per share in a transaction on May 23, 2016. The total value of transaction was $39,700. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.