Zacks: Analysts Anticipate S&T Bancorp, Inc. (NASDAQ:STBA) to Post $0.56 Earnings Per Share

Equities research analysts expect S&T Bancorp, Inc. (NASDAQ:STBAGet Rating) to report earnings of $0.56 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for S&T Bancorp’s earnings, with estimates ranging from $0.50 to $0.60. S&T Bancorp posted earnings per share of $0.81 during the same quarter last year, which would suggest a negative year-over-year growth rate of 30.9%. The business 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 earnings of $2.41 per share for the current financial year, with EPS estimates ranging from $2.34 to $2.53. For the next year, analysts expect that the business will report earnings of $2.68 per share, with EPS estimates ranging from $2.61 to $2.78. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for S&T Bancorp.

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

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

Several institutional investors and hedge funds have recently bought and sold shares of STBA. State Street Corp boosted its position in S&T Bancorp by 0.3% in the 4th quarter. State Street Corp now owns 1,579,807 shares of the financial services provider’s stock worth $49,796,000 after purchasing an additional 5,295 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in S&T Bancorp by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 860,640 shares of the financial services provider’s stock worth $27,128,000 after purchasing an additional 22,449 shares in the last quarter. Geode Capital Management LLC boosted its position in S&T Bancorp by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 688,739 shares of the financial services provider’s stock worth $21,709,000 after purchasing an additional 2,515 shares in the last quarter. Northern Trust Corp boosted its position in S&T Bancorp by 4.1% in the 4th quarter. Northern Trust Corp now owns 434,129 shares of the financial services provider’s stock worth $13,683,000 after purchasing an additional 17,077 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in S&T Bancorp by 1.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 421,415 shares of the financial services provider’s stock worth $12,419,000 after purchasing an additional 5,940 shares in the last quarter. Hedge funds and other institutional investors own 59.43% of the company’s stock.

STBA traded down $0.27 during midday trading on Tuesday, hitting $27.72. 191,014 shares of the company traded hands, compared to its average volume of 136,977. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1.09 billion, a PE ratio of 9.90 and a beta of 0.67. The company’s 50-day moving average is $30.45 and its 200 day moving average is $31.06. S&T Bancorp has a 52 week low of $27.02 and a 52 week high of $34.68.

The company also recently declared a quarterly dividend, which was paid on Thursday, February 24th. Shareholders of record on Thursday, February 10th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend was Wednesday, February 9th. S&T Bancorp’s payout ratio is 41.43%.

About S&T Bancorp (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.

Featured Articles

Get a free copy of the Zacks research report on S&T Bancorp (STBA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for S&T Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&T Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.