Sterling Bancorp (NASDAQ:SBT) Releases Quarterly Earnings Results

Sterling Bancorp (NASDAQ:SBT) released its quarterly earnings data on Wednesday. The company reported $0.03 earnings per share for the quarter, Zacks reports. The firm had revenue of $34.28 million during the quarter. Sterling Bancorp had a return on equity of 2.40% and a net margin of 5.79%.

Sterling Bancorp Price Performance

Sterling Bancorp stock traded up $0.03 during mid-day trading on Thursday, hitting $5.82. 36,818 shares of the company were exchanged, compared to its average volume of 36,257. The company has a market capitalization of $302.81 million, a P/E ratio of 36.38 and a beta of 0.54. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.97 and a quick ratio of 0.97. Sterling Bancorp has a 12-month low of $4.55 and a 12-month high of $6.26. The business’s 50 day simple moving average is $5.15 and its two-hundred day simple moving average is $5.11.

About Sterling Bancorp

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.