Brokers Set Expectations for S&T Bancorp, Inc.’s Q3 2022 Earnings (NASDAQ:STBA)

S&T Bancorp, Inc. (NASDAQ:STBA – Get Rating) – Analysts at Boenning Scattergood decreased their Q3 2022 earnings per share (EPS) estimates for S&T Bancorp in a research report issued on Friday, April 22nd. Boenning Scattergood analyst D. Cardenas now anticipates that the financial services provider will post earnings per share of $0.64 for the quarter, down from their prior estimate of $0.65. Boenning Scattergood also issued estimates for S&T Bancorp’s Q4 2022 earnings at $0.65 EPS, FY2022 earnings at $2.67 EPS and FY2023 earnings at $2.80 EPS.

S&T Bancorp (NASDAQ:STBA – Get Rating) last posted its earnings results on Thursday, April 21st. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.15. S&T Bancorp had a return on equity of 9.00% and a net margin of 30.99%. During the same period in the prior year, the company earned $0.81 EPS.

A number of other brokerages also recently issued reports on STBA. DA Davidson restated a “neutral” rating on shares of S&T Bancorp in a research report on Friday, January 28th. StockNews.com began coverage on S&T Bancorp in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Zacks Investment Research raised S&T Bancorp from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Wednesday, April 6th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $31.15.

NASDAQ:STBA opened at $28.84 on Monday. S&T Bancorp has a 12 month low of $27.02 and a 12 month high of $34.68. The company has a current ratio of 0.96, a quick ratio of 0.97 and a debt-to-equity ratio of 0.06. The business’s 50-day moving average is $30.03 and its 200 day moving average is $31.00. The company has a market capitalization of $1.13 billion, a P/E ratio of 10.53 and a beta of 0.67.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 19th. Investors of record on Thursday, May 5th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, May 4th. This represents a $1.20 annualized dividend and a yield of 4.16%. This is a boost from S&T Bancorp’s previous quarterly dividend of $0.29. S&T Bancorp’s dividend payout ratio is 42.34%.

A number of large investors have recently made changes to their positions in the stock. Exchange Traded Concepts LLC grew its stake in S&T Bancorp by 1.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 23,777 shares of the financial services provider’s stock worth $749,000 after purchasing an additional 381 shares in the last quarter. Maryland State Retirement & Pension System boosted its position in S&T Bancorp by 2.5% during the 1st quarter. Maryland State Retirement & Pension System now owns 15,917 shares of the financial services provider’s stock valued at $471,000 after acquiring an additional 386 shares in the last quarter. Eaton Vance Management boosted its position in S&T Bancorp by 7.2% during the 3rd quarter. Eaton Vance Management now owns 6,202 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 415 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its position in S&T Bancorp by 3.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 15,378 shares of the financial services provider’s stock valued at $485,000 after acquiring an additional 493 shares in the last quarter. Finally, CWM LLC boosted its position in S&T Bancorp by 7.8% during the 1st quarter. CWM LLC now owns 7,891 shares of the financial services provider’s stock valued at $233,000 after acquiring an additional 569 shares in the last quarter. 59.43% of the stock is currently 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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