Sterling Bancorp (NASDAQ:SBT) Issues Earnings Results

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

Sterling Bancorp Stock Up 0.8 %

Shares of NASDAQ:SBT traded up $0.04 during trading on Friday, reaching $4.89. 2,471 shares of the stock traded hands, compared to its average volume of 36,164. The stock has a 50-day moving average of $5.00 and a two-hundred day moving average of $5.39. Sterling Bancorp has a 52-week low of $4.22 and a 52-week high of $6.26. 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 stock has a market cap of $254.62 million, a P/E ratio of 30.31 and a beta of 0.56.

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.