Sterling Bancorp (NASDAQ:SBT) Announces Quarterly Earnings Results

Sterling Bancorp (NASDAQ:SBT) issued its quarterly earnings results on Thursday. The company reported $0.02 earnings per share for the quarter, Zacks reports. Sterling Bancorp had a net margin of 4.45% and a return on equity of 1.83%.

Sterling Bancorp Stock Down 0.2 %

Shares of Sterling Bancorp stock traded down $0.01 during midday trading on Thursday, hitting $4.83. The company’s stock had a trading volume of 1,280 shares, compared to its average volume of 36,277. Sterling Bancorp has a 1-year low of $4.40 and a 1-year high of $5.97. The firm has a market capitalization of $252.66 million, a P/E ratio of 37.16 and a beta of 0.54. The stock has a 50-day simple moving average of $4.78 and a 200-day simple moving average of $5.03.

Sterling Bancorp Company Profile

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.