Which insiders are selling Sterling Bancorp (STL)?

Sterling Bancorp (NYSE:STL) marched up 13.33% compared to a 52-week low price of $21.00. The shares were last seen trading -2.66% lower, taking the closing price at $23.8 on 07/10/2018. At recent session, the prices were hovering between $23.75 and $24.65. This company shares are 27.94% off its target price of $30.45 and the current market capitalization stands at $5.29B. The recent change has given its price a -2.57% deficit over SMA 50 and -10.19% deficit over its 52-week high. The stock witnessed -5.93% declines, 7.69% gains and -5.18% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found STL’s volatility during a week at 2.49% and during a month it has been found around 2.32%.

Sterling Bancorp (STL) Top Holders

Institutional investors currently hold around $5.04 billion or 93.6% in STL stock. Look at its top three institutional owners. Blackrock Inc. owns $584.51 million in Sterling Bancorp, which represents roughly 11.05% of the company’s market cap and approximately 11.59% of the institutional ownership. Similar statistics are true for the second largest owner, Wellington Management Group Llp, which owns 21,371,873 shares of the stock are valued at $522.54 million. The third largest holder is Vanguard Group Inc, which currently holds $454.02 million worth of this stock and that ownership represents nearly 8.58% of its market capitalization.

Sterling Bancorp 13F Filings

At the end of March reporting period, 161 institutional holders increased their position in Sterling Bancorp (NYSE:STL) by some 17,357,175 shares, 135 decreased positions by 11,234,539 and 43 held positions by 177,678,712. That puts total institutional holdings at 206,270,426 shares, according to SEC filings. The stock grabbed 39 new institutional investments totaling 1,980,512 shares while 40 institutional investors sold out their entire positions totaling 2,430,621 shares.

Sterling Bancorp (NYSE:STL) Insider Trades

Multiple company employees have indulged in significant insider trading. Sterling Bancorp disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President, Corporate Banking Geisel Thomas X has sold 4,446 shares of Sterling Bancorp (STL) in trading session dated Jun. 07, 2018. These shares are worth $113,151 and were traded at $25.45 each. The SEC filing shows that Deutsch James F. performed a sale of 123,980 shares. The Director disposed these shares by way of transaction on Jun. 06, 2018. The company’s shares were given away at $25.02 per share worth to an income of some $3,101,980 on account of Deutsch James F..

Director, Deutsch James F., sold 100,000 common shares of Sterling Bancorp (STL) in the open market. In a transaction dated May. 30, 2018, the shares were put up for sale at an average price of $25.03, raking in a sum of $2,503,000. After this sale, 124,480 common shares of STL are directly owned by the insider, with total stake valued at $2,962,624.

In the transaction dated May. 25, 2018, the great number of shares disposed came courtesy the Director; Deutsch James F. disposed a total of 14,589 shares at an average price of $25, amounting to approximately $364,725. The insider now directly owns 224,480 shares worth $5,342,624.

Sterling Bancorp (STL) Analyst Guide

Several analysts have released their opinion on Sterling Bancorp (NYSE:STL), with 5 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.63 average brokerage recommendation.