Sterling Bancorp (STL) Files Form 4 Insider Buying : Richard L. O’toole Buys 3,000 Shares

Sterling Bancorp (STL): Richard L. O’toole , director of Sterling Bancorp purchased 3,000 shares on Sep 12, 2016. The Insider buying transaction was reported by the company on Sep 13, 2016 to the Securities and Exchange Commission. The shares were purchased at $17.40 per share for a total value of $52,200.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 1, 2016, James F. Deutsch (director) sold 100,000 shares at $17.58 per share price.On Aug 29, 2016, Craig S Thompson (director) sold 4,847 shares at $17.20 per share price.Also, On Aug 19, 2016, Thomas G Kahn (director) sold 2,997 shares at $17.22 per share price.On Aug 19, 2016, Burt Steinberg (director) sold 265 shares at $17.22 per share price.

Shares of Sterling Bancorp (STL) ended Monday, Sep 12, 2016 session in red amid volatile trading. The shares closed down -0.03 points or -0.17% at $17.49 with 866,582 shares getting traded. Post opening the session at $17.43, the shares hit an intraday low of $17.22 and an intraday high of $17.49 and the price vacillated in this range throughout the day. The company has a market cap of $2,285 M and the number of outstanding shares has been calculated to be 130,655,998 shares. The 52-week high of Sterling Bancorp is $17.9 and the 52-week low is $13.44.

Sterling Bancorp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Sterling Bancorp is Initiated by Maxim Group to Buy and the brokerage firm has set the Price Target at $19. The Rating was issued on Jun 23, 2016.

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.

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