Wole Olajide
The share price of Sterling Bank Plc on the released date of its third quarter result for the period ended September 30, 2018, which was released on October 23, 2018 was N1.50.
As at January 28, 2019, Sterling Bank traded at N2.24. This implies that in 3 months investors would have gained 49.33% returns without sweat.
In its third quarter result for the period ended September 30, 2018, Sterling bank grew 21.09% in Gross Earnings closing at N114.6 billion against the previous close of N94.65 billion in Q3’17.
Profit after Tax in Q3’18 grew by 38.95% to close at N8.205 billion from the previous close of N5.905 billion in Q3’17.
With reference to the price of N2.24 it traded on Monday, January 28, 2018, the P.E ratio of Sterling Bank Plc was 8.00x, with earnings yield of 12.5%