Analysts expect S&T Bancorp, Inc. (NASDAQ:STBA – Get Rating) to post $84.75 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for S&T Bancorp’s earnings. The highest sales estimate is $85.00 million and the lowest is $84.50 million. S&T Bancorp posted sales of $83.73 million during the same quarter last year, which suggests a positive year-over-year growth rate of 1.2%. The business is scheduled to report its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that S&T Bancorp will report full-year sales of $341.30 million for the current financial year, with estimates ranging from $340.60 million to $342.00 million. For the next fiscal year, analysts anticipate that the business will report sales of $359.00 million, with estimates ranging from $358.00 million to $360.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow S&T Bancorp.
S&T Bancorp (NASDAQ:STBA – Get Rating) last announced its earnings results on Thursday, April 21st. The financial services provider reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.15. S&T Bancorp had a net margin of 30.99% and a return on equity of 9.00%. During the same period in the prior year, the company earned $0.81 EPS.
NASDAQ STBA opened at $28.49 on Thursday. The company’s 50-day moving average price is $29.88 and its 200-day moving average price is $30.95. 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 stock has a market cap of $1.12 billion, a PE ratio of 10.40 and a beta of 0.67. S&T Bancorp has a 12 month low of $27.02 and a 12 month high of $34.68.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 19th. Shareholders of record on Thursday, May 5th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.21%. This is a boost from S&T Bancorp’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, May 4th. S&T Bancorp’s dividend payout ratio is presently 42.34%.
Institutional investors have recently modified their holdings of the business. Point72 Hong Kong Ltd purchased a new stake in shares of S&T Bancorp during the third quarter valued at about $25,000. JFS Wealth Advisors LLC purchased a new stake in shares of S&T Bancorp during the fourth quarter valued at about $28,000. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of S&T Bancorp during the first quarter valued at about $115,000. Confluence Wealth Services Inc. purchased a new stake in shares of S&T Bancorp during the fourth quarter valued at about $94,000. Finally, Eaton Vance Management lifted its position in shares of S&T Bancorp by 7.2% during the third quarter. Eaton Vance Management now owns 6,202 shares of the financial services provider’s stock valued at $32,000 after buying an additional 415 shares during the last quarter. Institutional investors own 59.43% of the company’s stock.
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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