$82.75 Million in Sales Expected for S&T Bancorp, Inc. (NASDAQ:STBA) This Quarter

Equities analysts predict that S&T Bancorp, Inc. (NASDAQ:STBAGet Rating) will report sales of $82.75 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for S&T Bancorp’s earnings, with the lowest sales estimate coming in at $82.50 million and the highest estimate coming in at $83.00 million. S&T Bancorp reported sales of $87.90 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 5.9%. The firm is expected to announce its next quarterly earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that S&T Bancorp will report full year sales of $338.75 million for the current fiscal year, with estimates ranging from $337.00 million to $340.50 million. For the next financial year, analysts anticipate that the firm will report sales of $357.10 million, with estimates ranging from $356.20 million to $358.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow S&T Bancorp.

S&T Bancorp (NASDAQ:STBAGet Rating) last announced its quarterly earnings data on Thursday, January 27th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.06). The company had revenue of $84.54 million during the quarter, compared to analysts’ expectations of $83.45 million. S&T Bancorp had a net margin of 31.18% and a return on equity of 9.26%. During the same quarter in the previous year, the business posted $0.62 EPS.

Several research analysts have commented on the company. Zacks Investment Research raised S&T Bancorp from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Wednesday, April 6th. StockNews.com assumed coverage on S&T Bancorp in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, DA Davidson reaffirmed a “neutral” rating on shares of S&T Bancorp in a research report on Friday, January 28th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $31.15.

Shares of NASDAQ STBA traded down $0.27 during midday trading on Thursday, hitting $27.72. 191,014 shares of the company’s stock were exchanged, compared to its average volume of 136,977. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.97 and a quick ratio of 0.97. S&T Bancorp has a twelve month low of $27.02 and a twelve month high of $34.68. The company has a market cap of $1.09 billion, a PE ratio of 9.90 and a beta of 0.67. The firm’s fifty day simple moving average is $30.45 and its 200-day simple moving average is $31.06.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 24th. Stockholders of record on Thursday, February 10th were issued a $0.29 dividend. The ex-dividend date was Wednesday, February 9th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.18%. S&T Bancorp’s dividend payout ratio (DPR) is 41.43%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new position in S&T Bancorp in the third quarter valued at $25,000. JFS Wealth Advisors LLC acquired a new position in S&T Bancorp in the fourth quarter valued at $28,000. Eaton Vance Management increased its stake in S&T Bancorp by 7.2% in the third quarter. Eaton Vance Management now owns 6,202 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 415 shares during the last quarter. Confluence Wealth Services Inc. acquired a new position in S&T Bancorp in the fourth quarter valued at $94,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in S&T Bancorp in the first quarter valued at $115,000. 59.43% of the stock is owned by institutional investors.

S&T Bancorp Company Profile (Get Rating)

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 operates through six segments: Commercial Real Estate, Commercial and Industrial, Business Banking, Commercial Construction, Consumer Real Estate, and Other Consumer.

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