S&T Bancorp, Inc. Forecasted to Earn Q2 2024 Earnings of $0.76 Per Share (NASDAQ:STBA)

S&T Bancorp, Inc. (NASDAQ:STBA) – Investment analysts at DA Davidson issued their Q2 2024 earnings per share estimates for S&T Bancorp in a report issued on Tuesday, April 23rd. DA Davidson analyst M. Navas forecasts that the financial services provider will earn $0.76 per share for the quarter. The consensus estimate for S&T Bancorp’s current full-year earnings is $3.00 per share. DA Davidson also issued estimates for S&T Bancorp’s FY2025 earnings at $2.85 EPS.

S&T Bancorp (NASDAQ:STBA) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.10. S&T Bancorp had a net margin of 24.68% and a return on equity of 10.86%. The firm had revenue of $103.17 million during the quarter, compared to analysts’ expectations of $100.10 million.

Separately, StockNews.com lowered S&T Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd.

S&T Bancorp Price Performance

Shares of STBA stock opened at $31.27 on Wednesday. S&T Bancorp has a 1 year low of $24.51 and a 1 year high of $36.28. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.07. The firm’s 50 day moving average is $30.96 and its 200-day moving average is $30.52. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 8.86 and a beta of 0.77.

Institutional Trading of S&T Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in S&T Bancorp by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 4,616,732 shares of the financial services provider’s stock valued at $154,291,000 after purchasing an additional 52,075 shares during the period. Dimensional Fund Advisors LP raised its position in shares of S&T Bancorp by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,384,380 shares of the financial services provider’s stock worth $79,687,000 after purchasing an additional 30,384 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of S&T Bancorp by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,059,825 shares of the financial services provider’s stock valued at $28,700,000 after purchasing an additional 31,665 shares in the last quarter. Boston Partners grew its position in shares of S&T Bancorp by 10.2% in the 3rd quarter. Boston Partners now owns 416,015 shares of the financial services provider’s stock valued at $11,156,000 after purchasing an additional 38,443 shares during the period. Finally, Norges Bank bought a new stake in S&T Bancorp during the 4th quarter worth approximately $9,055,000. Institutional investors own 65.22% of the company’s stock.

S&T Bancorp Company Profile

S&T Bancorp, Inc operates as the bank holding company for S&T Bank that engages in the provision of retail and commercial banking products and services. The company operates through six segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.