Sterling Bancorp (NASDAQ:SBT) Issues Quarterly Earnings Results

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

Sterling Bancorp Stock Up 0.5 %

SBT traded up $0.03 on Thursday, hitting $5.82. The company had a trading volume of 36,818 shares, compared to its average volume of 36,257. Sterling Bancorp has a 12-month low of $4.55 and a 12-month high of $6.26. The stock has a market capitalization of $302.81 million, a price-to-earnings ratio of 36.38 and a beta of 0.54. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a fifty day moving average price of $5.15 and a 200-day moving average price of $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.