Sterling Bancorp (STL) has risen sharply, recording gains of 0.18% in the past 4 weeks. However, the stock has corrected -1.5% in the past 1 week, providing a good buying opportunity on dips. Sterling Bancorp (STL) : During the past 4 weeks, traders have been relatively bearish on Sterling Bancorp (STL), hence the stock is down -0.85% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.56% relative to the S&P 500.
The stock has recorded a 20-day Moving Average of 1.16% and the 50-Day Moving Average is 4.71%. Sterling Bancorp (NYSE:STL): On Fridays trading session , Opening price of the stock was $16.97 with an intraday high of $17.14. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $16.83. However, the stock managed to close at $17.04, a loss of 0.58% for the day. On the previous day, the stock had closed at $17.14. The total traded volume of the day was 1,116,376 shares.
The company Insiders own 4.04% of Sterling Bancorp shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.99% . Institutional Investors own 77.9% of Sterling Bancorp shares. During last six month period, the net percent change held by insiders has seen a change of -4.92%. Also, In the latest statement by the brokerage house, Keefe Bruyette & Woods maintains its outlook on Sterling Bancorp (NYSE:STL). The current rating of the shares is Outperform, according to the research report released by the firm. The brokerage firm raises the price target from $18 per share to $19 per share. The rating by the firm was issued on July 28, 2016.