S&T Bancorp (NASDAQ:STBA) to Repurchase $100.00 million in Outstanding Shares

S&T Bancorp (NASDAQ:STBA) declared that its board has authorized a share repurchase plan on Thursday, July 23rd, RTT News reports. The company plans to repurchase $100.00 million in shares. This repurchase authorization permits the financial services provider to reacquire up to 5.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts have recently weighed in on STBA shares. Piper Sandler increased their price objective on shares of S&T Bancorp from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. Weiss Ratings restated a “buy (b)” rating on shares of S&T Bancorp in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, S&T Bancorp presently has an average rating of “Hold” and a consensus price target of $46.60.

S&T Bancorp Stock Performance

Shares of NASDAQ:STBA opened at $50.98 on Friday. The company has a market cap of $1.83 billion, a P/E ratio of 14.28 and a beta of 0.84. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.00. S&T Bancorp has a one year low of $34.01 and a one year high of $51.31. The business’s 50-day simple moving average is $47.33 and its 200 day simple moving average is $44.17.

S&T Bancorp (NASDAQ:STBA) last posted its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.10. S&T Bancorp had a net margin of 23.71% and a return on equity of 9.35%. The company had revenue of $105.24 million for the quarter, compared to analyst estimates of $104.43 million. On average, sell-side analysts forecast that S&T Bancorp will post 3.75 earnings per share for the current fiscal year.

S&T Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were paid a dividend of $0.37 per share. This is a positive change from S&T Bancorp’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.48 annualized dividend and a yield of 2.9%. S&T Bancorp’s payout ratio is presently 41.46%.

More S&T Bancorp News

Here are the key news stories impacting S&T Bancorp this week:

• Positive Sentiment: Second-quarter EPS of $1.02 beat consensus by $0.10, while revenue of $105.24 million also slightly exceeded estimates, reinforcing that the bank is executing better than expected. S&T Bancorp, Inc. Announces Second Quarter 2026 Results
• Positive Sentiment: The board authorized a new $100 million share repurchase program, which can boost earnings per share over time and suggests the company believes its stock is undervalued. S&T Bancorp, Inc. Announces $100 Million Share Repurchase Program
• Neutral Sentiment: Net income increased to $36.6 million from both the prior quarter and a year ago, showing improving profitability but without additional details on loan growth, margins, or credit quality in the headlines provided. S&T Bancorp, Inc. Announces Second Quarter 2026 Results

S&T Bancorp Company Profile

S&T Bancorp, Inc is a bank holding company headquartered in Indiana, Pennsylvania, serving as the parent of S&T Bank. Established as a banking organization in 1902 with the holding company formation following in the early 1980s, S&T Bancorp has built its reputation on delivering community-oriented financial services. The company operates under the NASDAQ ticker STBA, maintaining a focus on personalized banking solutions and local decision-making.

The company’s main business activities encompass a full suite of retail and commercial banking products.