Analysts expect S & T Bancorp Inc (NASDAQ:STBA) to post $73.81 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for S & T Bancorp’s earnings, with the highest sales estimate coming in at $74.06 million and the lowest estimate coming in at $73.56 million. S & T Bancorp reported sales of $71.30 million in the same quarter last year, which would suggest a positive year over year growth rate of 3.5%. The company is expected to issue its next earnings results before the market opens on Thursday, October 24th.
On average, analysts expect that S & T Bancorp will report full-year sales of $296.18 million for the current year, with estimates ranging from $294.01 million to $298.36 million. For the next fiscal year, analysts anticipate that the firm will post sales of $345.47 million, with estimates ranging from $342.05 million to $348.88 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for S & T Bancorp.
S & T Bancorp (NASDAQ:STBA) last issued its earnings results on Thursday, July 18th. The financial services provider reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.01. The business had revenue of $73.73 million for the quarter, compared to analyst estimates of $72.62 million. S & T Bancorp had a net margin of 30.00% and a return on equity of 11.35%.
Shares of NASDAQ:STBA opened at $36.18 on Wednesday. The firm has a market cap of $1.23 billion, a PE ratio of 12.02 and a beta of 0.67. The firm’s 50 day simple moving average is $35.75 and its 200-day simple moving average is $37.45. S & T Bancorp has a one year low of $33.30 and a one year high of $44.59. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.99 and a current ratio of 0.99.
In other S & T Bancorp news, insider David P. Ruddock sold 1,768 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $37.27, for a total value of $65,893.36. Following the completion of the sale, the insider now directly owns 9,549 shares in the company, valued at $355,891.23. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.50% of the company’s stock.
Large investors have recently bought and sold shares of the company. Nuveen Asset Management LLC acquired a new position in shares of S & T Bancorp in the 2nd quarter valued at $5,075,000. Morgan Stanley raised its position in S & T Bancorp by 80.4% during the 2nd quarter. Morgan Stanley now owns 177,190 shares of the financial services provider’s stock worth $6,641,000 after buying an additional 78,995 shares during the last quarter. Bank of America Corp DE raised its position in S & T Bancorp by 116.9% during the 2nd quarter. Bank of America Corp DE now owns 77,839 shares of the financial services provider’s stock worth $2,917,000 after buying an additional 41,952 shares during the last quarter. Renaissance Technologies LLC raised its position in S & T Bancorp by 62.3% during the 2nd quarter. Renaissance Technologies LLC now owns 92,000 shares of the financial services provider’s stock worth $3,448,000 after buying an additional 35,300 shares during the last quarter. Finally, Denali Advisors LLC raised its position in S & T Bancorp by 195.7% during the 3rd quarter. Denali Advisors LLC now owns 40,800 shares of the financial services provider’s stock worth $1,490,000 after buying an additional 27,000 shares during the last quarter. Institutional investors and hedge funds own 60.96% 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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