Sterling Bancorp (SBT) Set to Announce Earnings on Wednesday

Sterling Bancorp (NASDAQ:SBT) is scheduled to be announcing its earnings results before the market opens on Wednesday, April 24th. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Sterling Bancorp (NASDAQ:SBT) last posted its quarterly earnings results on Wednesday, January 24th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.07. The company 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 Price Performance

Shares of NASDAQ:SBT opened at $4.68 on Wednesday. The company has a 50 day moving average of $5.05 and a 200 day moving average of $5.43. The stock has a market cap of $243.69 million, a P/E ratio of 31.20 and a beta of 0.56. Sterling Bancorp has a 12 month low of $4.22 and a 12 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.

Institutional Investors Weigh In On Sterling Bancorp

A number of institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its stake in shares of Sterling Bancorp by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 43,054 shares of the company’s stock worth $262,000 after acquiring an additional 1,660 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of Sterling Bancorp by 4.5% during the 3rd quarter. Nuveen Asset Management LLC now owns 39,641 shares of the company’s stock valued at $239,000 after acquiring an additional 1,717 shares during the last quarter. Barclays PLC boosted its holdings in shares of Sterling Bancorp by 74.5% in the fourth quarter. Barclays PLC now owns 4,653 shares of the company’s stock worth $28,000 after buying an additional 1,986 shares during the last quarter. Northern Trust Corp grew its position in Sterling Bancorp by 1.8% during the fourth quarter. Northern Trust Corp now owns 163,818 shares of the company’s stock valued at $945,000 after buying an additional 2,889 shares during the period. Finally, Royal Bank of Canada grew its position in Sterling Bancorp by 365.5% during the second quarter. Royal Bank of Canada now owns 4,511 shares of the company’s stock valued at $25,000 after buying an additional 3,542 shares during the period. Hedge funds and other institutional investors own 26.37% of the company’s stock.

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.