Sterling Bancorp (NASDAQ:SBT) Issues Earnings Results


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Sterling Bancorp (NASDAQ:SBT) posted its quarterly earnings data on Sunday. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03, MarketWatch Earnings reports. Sterling Bancorp had a return on equity of 3.83% and a net margin of 7.67%.

NASDAQ:SBT traded down $0.11 during trading hours on Tuesday, reaching $4.78. 4,823 shares of the company traded hands, compared to its average volume of 64,029. The firm’s 50-day moving average is $5.41 and its 200-day moving average is $4.73. The stock has a market cap of $239.02 million, a P/E ratio of 4.48 and a beta of 0.81. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.12 and a quick ratio of 1.12. Sterling Bancorp has a 1-year low of $2.61 and a 1-year high of $5.95.

A number of research firms have weighed in on SBT. Hovde Group began coverage on Sterling Bancorp in a research report on Friday, January 29th. They set an “outperform” rating and a $6.00 price objective for the company. TheStreet raised Sterling Bancorp from a “d+” rating to a “c-” rating in a research note on Wednesday, April 7th. Finally, Zacks Investment Research raised Sterling Bancorp from a “hold” rating to a “buy” rating and set a $5.75 target price for the company in a research note on Friday.

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.

Further Reading: Stochastic Momentum Index (SMI)

Earnings History for Sterling Bancorp (NASDAQ:SBT)

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