Sterling Bancorp (SBT) Set to Announce Quarterly Earnings on Wednesday

Sterling Bancorp (NASDAQ:SBT) is scheduled to announce its earnings results before the market opens on Wednesday, April 24th. Investors interested in participating in the company’s conference call can do so using this link.

Sterling Bancorp (NASDAQ:SBT) last posted its earnings results on Wednesday, January 24th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.07. The company had revenue of $33.14 million during the quarter. Sterling Bancorp had a return on equity of 2.32% and a net margin of 5.72%.

Sterling Bancorp Price Performance

SBT stock opened at $4.90 on Monday. The business has a fifty day moving average of $5.04 and a two-hundred day moving average of $5.41. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.15. The stock has a market cap of $255.14 million, a price-to-earnings ratio of 32.67 and a beta of 0.56. Sterling Bancorp has a 52-week low of $4.22 and a 52-week high of $6.26.

Institutional Investors Weigh In On Sterling Bancorp

Institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in Sterling Bancorp by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 43,054 shares of the company’s stock valued at $262,000 after purchasing an additional 1,660 shares during the period. Nuveen Asset Management LLC boosted its holdings in Sterling Bancorp by 4.5% in the third quarter. Nuveen Asset Management LLC now owns 39,641 shares of the company’s stock valued at $239,000 after purchasing an additional 1,717 shares during the period. Barclays PLC boosted its holdings in Sterling Bancorp by 74.5% in the fourth quarter. Barclays PLC now owns 4,653 shares of the company’s stock valued at $28,000 after purchasing an additional 1,986 shares during the period. Northern Trust Corp boosted its holdings in Sterling Bancorp by 1.8% in the fourth quarter. Northern Trust Corp now owns 163,818 shares of the company’s stock valued at $945,000 after purchasing an additional 2,889 shares during the period. Finally, Royal Bank of Canada boosted its holdings in Sterling Bancorp by 365.5% in the second quarter. Royal Bank of Canada now owns 4,511 shares of the company’s stock valued at $25,000 after purchasing an additional 3,542 shares during the period. 26.37% of the stock is owned by institutional investors and hedge funds.

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.