S&T Bancorp, Inc. (NASDAQ:STBA) released its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.60 by $0.05, Bloomberg Earnings reports. S&T Bancorp had a return on equity of 9.41% and a net margin of 26.44%. The company had revenue of $71.01 million for the quarter, compared to analysts’ expectations of $73.70 million. During the same period last year, the firm posted $0.59 earnings per share.
S&T Bancorp (NASDAQ:STBA) traded up 0.05% on Friday, reaching $41.94. The company’s stock had a trading volume of 126,730 shares. The firm’s 50 day moving average price is $39.19 and its 200-day moving average price is $36.56. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 18.44 and a beta of 0.86. S&T Bancorp has a 1-year low of $29.58 and a 1-year high of $42.36.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Thursday, November 2nd will be issued a $0.22 dividend. This is an increase from S&T Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, November 1st. This represents a $0.88 dividend on an annualized basis and a yield of 2.10%. S&T Bancorp’s dividend payout ratio is currently 34.33%.
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In related news, Director Robert Edward Kane acquired 1,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was acquired at an average price of $35.10 per share, with a total value of $35,100.00. Following the acquisition, the director now directly owns 1,997 shares in the company, valued at approximately $70,094.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thomas J. Sposito II sold 1,250 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $35.29, for a total value of $44,112.50. Following the completion of the transaction, the insider now directly owns 25,488 shares of the company’s stock, valued at approximately $899,471.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,865 shares of company stock worth $248,780. Company insiders own 2.71% of the company’s stock.
Several research firms recently commented on STBA. Zacks Investment Research raised S&T Bancorp from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Tuesday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $41.50 price objective on shares of S&T Bancorp in a research report on Friday, October 20th. Boenning Scattergood reissued a “hold” rating on shares of S&T Bancorp in a report on Friday, October 20th. Piper Jaffray Companies reissued a “hold” rating and issued a $36.50 target price on shares of S&T Bancorp in a report on Thursday, October 19th. Finally, BidaskClub raised S&T Bancorp from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $41.33.
S&T Bancorp Company Profile
S&T Bancorp, Inc (S&T) is a bank holding company. The Company operates through three segments: Community Banking, Wealth Management and Insurance. The Community Banking segment offers services, which include accepting time and demand deposits, and originating commercial and consumer loans. The Wealth Management segment offers brokerage services, serves as executor and trustee under wills and deeds and as guardian and custodian of employee benefits and provides other trust services.
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