Sterling Bancorp (SBT) Set to Announce Earnings on Wednesday

Sterling Bancorp (NASDAQ:SBT) will be announcing its earnings results before the market opens on Wednesday, April 24th. Persons that wish to listen to the company’s earnings conference call can do so using this link.

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

Sterling Bancorp Stock Up 1.1 %

NASDAQ:SBT opened at $4.68 on Wednesday. The company has a market cap of $243.69 million, a PE ratio of 31.20 and a beta of 0.56. Sterling Bancorp has a twelve month low of $4.22 and a twelve month high of $6.26. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.15. The company’s 50 day moving average is $5.05 and its two-hundred day moving average is $5.43.

Institutional Trading of Sterling Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the business. Alliancebernstein L.P. raised its position in Sterling Bancorp by 1.1% during the third quarter. Alliancebernstein L.P. now owns 2,570,463 shares of the company’s stock worth $15,500,000 after acquiring an additional 27,615 shares during the period. Vanguard Group Inc. raised its position in Sterling Bancorp by 15.6% during the fourth quarter. Vanguard Group Inc. now owns 1,453,910 shares of the company’s stock worth $8,389,000 after acquiring an additional 196,113 shares during the period. Wasatch Advisors Inc. acquired a new position in Sterling Bancorp during the first quarter worth $9,922,000. BlackRock Inc. raised its position in Sterling Bancorp by 15.5% during the second quarter. BlackRock Inc. now owns 1,155,502 shares of the company’s stock worth $6,321,000 after acquiring an additional 154,714 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Sterling Bancorp by 9.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 783,229 shares of the company’s stock worth $4,519,000 after acquiring an additional 66,356 shares during the period. 26.37% of the stock is currently owned by institutional investors and hedge funds.

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.