Sterling Bancorp (NASDAQ:SBT) Releases Earnings Results

Sterling Bancorp (NASDAQ:SBT) issued its earnings results on Wednesday. The company reported $0.03 earnings per share (EPS) for the quarter, Yahoo Finance reports. The business had revenue of $33.48 million during the quarter. Sterling Bancorp had a return on equity of 2.41% and a net margin of 5.79%.

Sterling Bancorp Stock Performance

Shares of SBT stock traded up $0.05 during trading hours on Friday, reaching $4.90. 371 shares of the company’s stock were exchanged, compared to its average volume of 36,141. The company has a market cap of $255.14 million, a P/E ratio of 30.31 and a beta of 0.56. The company’s 50 day moving average is $5.00 and its two-hundred day moving average is $5.39. Sterling Bancorp has a 1 year low of $4.22 and a 1 year high of $6.26. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.96.

Sterling Bancorp Company Profile

Sterling Bancorp, Inc is a unitary thrift holding company. Its wholly owned subsidiary, Sterling Bank and Trust, F.S.B., has primary branch operations in San Francisco and Los Angeles, California and New York City, and a loan production office in Seattle, Washington. Sterling offers a broad range of loan products to the residential and commercial markets, as well as retail and business banking services.