Sterling Bancorp (NASDAQ:SBT) Announces Quarterly Earnings Results

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

Sterling Bancorp Price Performance

NASDAQ:SBT traded down $0.01 during trading hours on Thursday, hitting $4.81. The stock had a trading volume of 699 shares, compared to its average volume of 36,251. The company has a 50 day simple moving average of $5.01 and a two-hundred day simple moving average of $5.39. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.96. Sterling Bancorp has a one year low of $4.22 and a one year high of $6.26. The firm has a market capitalization of $250.46 million, a price-to-earnings ratio of 32.07 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.