Analysts expect S & T Bancorp Inc (NASDAQ:STBA) to post earnings of $0.77 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for S & T Bancorp’s earnings. The highest EPS estimate is $0.78 and the lowest is $0.75. S & T Bancorp posted earnings of $0.88 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 12.5%. The firm is expected to announce its next quarterly earnings report on Thursday, October 17th.
On average, analysts expect that S & T Bancorp will report full-year earnings of $2.85 per share for the current financial year, with EPS estimates ranging from $2.62 to $2.98. For the next fiscal year, analysts forecast that the business will post earnings of $3.14 per share, with EPS estimates ranging from $3.09 to $3.20. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for S & T Bancorp.
A number of research firms recently commented on STBA. BidaskClub cut shares of S & T Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, July 15th. Boenning Scattergood reissued a “hold” rating on shares of S & T Bancorp in a research report on Monday, April 22nd. ValuEngine cut shares of S & T Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, June 21st. Finally, Zacks Investment Research raised shares of S & T Bancorp from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Thursday, July 4th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $48.00.
A number of institutional investors have recently modified their holdings of the business. S&T Bank PA increased its stake in S & T Bancorp by 0.8% during the 2nd quarter. S&T Bank PA now owns 1,158,451 shares of the financial services provider’s stock valued at $43,419,000 after purchasing an additional 9,423 shares in the last quarter. Northern Trust Corp increased its stake in S & T Bancorp by 1.0% during the 2nd quarter. Northern Trust Corp now owns 931,863 shares of the financial services provider’s stock valued at $34,927,000 after purchasing an additional 9,380 shares in the last quarter. Norges Bank acquired a new position in S & T Bancorp during the 4th quarter valued at approximately $22,575,000. Geode Capital Management LLC increased its stake in S & T Bancorp by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 408,221 shares of the financial services provider’s stock valued at $15,447,000 after purchasing an additional 30,169 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in S & T Bancorp by 1.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 200,671 shares of the financial services provider’s stock valued at $7,522,000 after purchasing an additional 2,064 shares in the last quarter. Institutional investors and hedge funds own 60.03% of the company’s stock.
NASDAQ:STBA traded up $0.18 during midday trading on Tuesday, reaching $35.79. 43,512 shares of the stock traded hands, compared to its average volume of 101,087. S & T Bancorp has a 12-month low of $34.56 and a 12-month high of $47.77. The firm has a 50-day moving average price 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. The company has a market cap of $1.23 billion, a PE ratio of 11.89, a PEG ratio of 1.25 and a beta of 0.65.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.08 dividend on an annualized basis and a yield of 3.02%. S & T Bancorp’s payout ratio is 35.88%.
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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