Sterling Bancorp (NASDAQ:SBT) Posts Earnings Results

Sterling Bancorp (NASDAQ:SBT) issued its quarterly 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 net margin of 5.79% and a return on equity of 2.41%.

Sterling Bancorp Stock Up 1.0 %

Shares of Sterling Bancorp stock traded up $0.05 during midday trading on Friday, hitting $4.90. The company’s stock had a trading volume of 611 shares, compared to its average volume of 36,144. The firm has a market capitalization of $255.14 million, a P/E ratio of 30.31 and a beta of 0.56. Sterling Bancorp has a 1-year low of $4.22 and a 1-year high of $6.26. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.15. The stock has a 50-day simple moving average of $5.00 and a 200-day simple moving average of $5.39.

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.