Sterling Bancorp (NASDAQ:SBT) Releases Earnings Results

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

Sterling Bancorp Trading Up 0.8 %

Sterling Bancorp stock traded up $0.04 during midday trading on Friday, reaching $4.89. 2,471 shares of the stock traded hands, compared to its average volume of 36,164. The company has a 50-day simple moving average of $5.00 and a two-hundred day simple moving average of $5.39. Sterling Bancorp has a 12-month low of $4.22 and a 12-month high of $6.26. The firm has a market cap of $254.62 million, a PE ratio of 30.31 and a beta of 0.56. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.15.

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.