Sterling Bancorp (NASDAQ:SBT) Announces Quarterly Earnings Results

Sterling Bancorp (NASDAQ:SBT) announced its earnings results on Wednesday. The company reported $0.03 earnings per share for the quarter, Yahoo Finance reports. Sterling Bancorp had a return on equity of 2.32% and a net margin of 5.72%. The business had revenue of $33.48 million during the quarter.

Sterling Bancorp Price Performance

Shares of NASDAQ:SBT traded down $0.09 during midday trading on Thursday, hitting $4.82. The company’s stock had a trading volume of 35,217 shares, compared to its average volume of 22,775. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.96 and a current ratio of 0.96. The business’s 50 day simple moving average is $5.01 and its 200 day simple moving average is $5.39. The company has a market cap of $250.98 million, a P/E ratio of 32.14 and a beta of 0.56. Sterling Bancorp has a 12-month low of $4.22 and a 12-month high of $6.26.

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.