Wall Street brokerages forecast that S & T Bancorp Inc (NASDAQ:STBA) will post earnings per share (EPS) of $0.75 for the current quarter, according to Zacks. Four analysts have provided estimates for S & T Bancorp’s earnings. The lowest EPS estimate is $0.72 and the highest is $0.77. S & T Bancorp posted earnings of $0.61 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 23%. The firm is expected to issue its next quarterly earnings results on Thursday, July 18th.
On average, analysts expect that S & T Bancorp will report full-year earnings of $2.97 per share for the current year, with EPS estimates ranging from $2.92 to $3.00. For the next financial year, analysts expect that the business will post earnings of $3.14 per share, with EPS estimates ranging from $3.02 to $3.22. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for S & T Bancorp.
S & T Bancorp (NASDAQ:STBA) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.66 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.08). The firm had revenue of $71.72 million for the quarter, compared to analysts’ expectations of $72.39 million. S & T Bancorp had a net margin of 29.41% and a return on equity of 11.02%.
A number of brokerages recently weighed in on STBA. Zacks Investment Research raised S & T Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, May 30th. ValuEngine upgraded S & T Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, May 4th. Boenning Scattergood restated a “hold” rating on shares of S & T Bancorp in a research report on Monday, April 22nd. Finally, BidaskClub upgraded S & T Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. S & T Bancorp currently has a consensus rating of “Hold” and an average target price of $51.00.
Shares of NASDAQ STBA traded up $1.08 during trading hours on Thursday, reaching $38.75. 63,731 shares of the stock traded hands, compared to its average volume of 91,015. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 12.87, a P/E/G ratio of 1.27 and a beta of 0.70. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. S & T Bancorp has a 52-week low of $35.16 and a 52-week high of $47.77.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Thursday, May 2nd were given a $0.27 dividend. The ex-dividend date was Wednesday, May 1st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.79%. S & T Bancorp’s dividend payout ratio is currently 35.88%.
In other S & T Bancorp news, Director James Thomas Gibson acquired 12,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were purchased at an average cost of $38.89 per share, for a total transaction of $466,680.00. Following the transaction, the director now owns 201,780 shares in the company, valued at $7,847,224.20. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 2.50% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in STBA. Huntington National Bank bought a new stake in shares of S & T Bancorp during the fourth quarter valued at approximately $57,000. Denali Advisors LLC boosted its position in shares of S & T Bancorp by 3,853.2% during the first quarter. Denali Advisors LLC now owns 4,309 shares of the financial services provider’s stock valued at $170,000 after purchasing an additional 4,200 shares in the last quarter. Lido Advisors LLC bought a new stake in shares of S & T Bancorp during the first quarter valued at approximately $208,000. Everence Capital Management Inc. bought a new stake in shares of S & T Bancorp during the first quarter valued at approximately $236,000. Finally, Millennium Management LLC raised its stake in S & T Bancorp by 47.0% during the fourth quarter. Millennium Management LLC now owns 6,931 shares of the financial services provider’s stock valued at $262,000 after buying an additional 2,216 shares during the last quarter. Institutional investors own 60.27% of the company’s stock.
S & T Bancorp Company Profile
S&T Bancorp, Inc operates as the bank holding company for S&T Bank that provides retail and commercial banking products and services. The company accepts time and demand deposits; and offers commercial and consumer loans, cash management services, and brokerage and trust services, as well as acts as guardian and custodian of employee benefits.
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