Equities analysts forecast that S & T Bancorp Inc (NASDAQ:STBA) will report earnings per share of $0.69 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for S & T Bancorp’s earnings. The highest EPS estimate is $0.78 and the lowest is $0.55. S & T Bancorp reported earnings per share of $0.77 during the same quarter last year, which would suggest a negative year over year growth rate of 10.4%. The company is expected to issue its next quarterly earnings report on Thursday, January 30th.
According to Zacks, analysts expect that S & T Bancorp will report full year earnings of $2.91 per share for the current fiscal year, with EPS estimates ranging from $2.75 to $3.01. For the next year, analysts expect that the firm will report earnings of $3.08 per share, with EPS estimates ranging from $3.02 to $3.14. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow S & T Bancorp.
S & T Bancorp (NASDAQ:STBA) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.03. S & T Bancorp had a return on equity of 10.75% and a net margin of 28.32%. The firm had revenue of $74.26 million during the quarter, compared to analyst estimates of $73.81 million.
A number of analysts have recently commented on STBA shares. BidaskClub raised shares of S & T Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 23rd. ValuEngine raised shares of S & T Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research raised shares of S & T Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Atria Investments LLC acquired a new position in shares of S & T Bancorp during the 2nd quarter worth approximately $559,000. Quantamental Technologies LLC acquired a new position in shares of S & T Bancorp in the 2nd quarter worth approximately $74,000. Virginia Retirement Systems ET AL lifted its holdings in shares of S & T Bancorp by 18.0% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 23,600 shares of the financial services provider’s stock worth $862,000 after acquiring an additional 3,600 shares during the last quarter. Paloma Partners Management Co acquired a new position in shares of S & T Bancorp in the 2nd quarter worth approximately $591,000. Finally, Comerica Bank lifted its holdings in shares of S & T Bancorp by 6.0% in the 2nd quarter. Comerica Bank now owns 71,158 shares of the financial services provider’s stock worth $2,634,000 after acquiring an additional 4,031 shares during the last quarter. 60.93% of the stock is owned by institutional investors.
Shares of S & T Bancorp stock traded down $0.14 during trading hours on Tuesday, reaching $38.28. The company had a trading volume of 49,400 shares, compared to its average volume of 106,531. The firm has a market cap of $1.33 billion, a PE ratio of 12.72 and a beta of 0.64. The business has a fifty day simple moving average of $36.73 and a 200 day simple moving average of $37.16. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.99 and a quick ratio of 0.99. S & T Bancorp has a one year low of $33.30 and a one year high of $42.56.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.93%. The ex-dividend date is Wednesday, November 6th. This is a boost from S & T Bancorp’s previous quarterly dividend of $0.27. S & T Bancorp’s dividend payout ratio is currently 37.21%.
About S & T Bancorp
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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