Today, a Director at Sterling Bancorp (NYSE: STL), Burt Steinberg, sold shares of STL for $3,705.
Following Burt Steinberg’s last STL Sell transaction on August 19, 2016, the stock climbed by 7.8%. This is Steinberg’s first transaction since reporting a Buy transaction on DEL_PBNY back in August 2017
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Based on Sterling Bancorp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $301 million and quarterly net profit of $98.87 million. In comparison, last year the company earned revenue of $139 million and had a net profit of $39.07 million. STL’s market cap is $5.57B and the company has a P/E ratio of 27.31. Currently, Sterling Bancorp has an average volume of 1.42M.
In the last 30 days, insiders have sold $3,705 worth of STL shares and purchased $23.5K worth of STL shares. The insider sentiment on Sterling Bancorp has been neutral according to 63 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.
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Sterling Bancorp operates as a financial and bank holding company of Sterling National Bank. It offers commercial, business, and consumer banking products and services through its subsidiary. The company was founded on October 31, 2013 and is headquartered in Montebello, NY.
