Sterling Bancorp (NASDAQ:SBT) Announces Quarterly Earnings Results

Sterling Bancorp (NASDAQ:SBT) released its quarterly earnings data on Thursday. The company reported $0.02 earnings per share for the quarter, Zacks reports. Sterling Bancorp had a net margin of 4.45% and a return on equity of 1.83%.

Sterling Bancorp Price Performance

SBT traded down $0.05 during trading on Friday, reaching $4.80. The company had a trading volume of 526 shares, compared to its average volume of 35,395. Sterling Bancorp has a 12 month low of $4.40 and a 12 month high of $5.97. The business’s fifty day moving average price is $4.78 and its 200 day moving average price is $5.02. The company has a market cap of $250.83 million, a P/E ratio of 37.00 and a beta of 0.54.

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.