Sterling Bancorp (STL) : Hudson Valley Investment Advisors Inc Adv reduced its stake in Sterling Bancorp by 0.49% during the most recent quarter end. The investment management company now holds a total of 540,540 shares of Sterling Bancorp which is valued at $9,594,585 after selling 2,650 shares in Sterling Bancorp , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Sterling Bancorp makes up approximately 2.96% of Hudson Valley Investment Advisors Inc Adv’s portfolio.
Other Hedge Funds, Including , Hilton Capital Management sold out all of its stake in STL during the most recent quarter. The investment firm sold 316,676 shares of STL which is valued $5,620,999. Simplex Trading added STL to its portfolio by purchasing 6,778 company shares during the most recent quarter which is valued at $119,022. Sterling Bancorp makes up approx 0.02% of Simplex Trading’s portfolio.First Mercantile Trust Co reduced its stake in STL by selling 4,600 shares or 11.94% in the most recent quarter. The Hedge Fund company now holds 33,920 shares of STL which is valued at $595,635. Sterling Bancorp makes up approx 0.08% of First Mercantile Trust Co’s portfolio. Independent Portfolio Consultants sold out all of its stake in STL during the most recent quarter. The investment firm sold 9,800 shares of STL which is valued $172,872.Bnp Paribas Arbitrage Sa reduced its stake in STL by selling 18,681 shares or 47.99% in the most recent quarter. The Hedge Fund company now holds 20,243 shares of STL which is valued at $357,087.
Sterling Bancorp closed down -0.15 points or -0.85% at $17.6 with 4,48,467 shares getting traded on Tuesday. Post opening the session at $17.7, the shares hit an intraday low of $17.35 and an intraday high of $17.85 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
Many Wall Street Analysts have commented on Sterling Bancorp. Hovde Group Initiated Sterling Bancorp on Oct 10, 2016 to “Outperform”, Price Target of the shares are set at $20.
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.