FY2025 EPS Estimates for S&T Bancorp Raised by DA Davidson

S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) - Analysts at DA Davidson upped their FY2025 earnings estimates for S&T Bancorp in a report issued on Monday, February 3rd. DA Davidson analyst M. Navas now forecasts that the financial services provider will post earnings per share of $3.05 for the year, up from their prior estimate of $2.95. The consensus estimate for S&T Bancorp's current full-year earnings is $3.03 per share.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.78 by $0.08. S&T Bancorp had a return on equity of 9.77% and a net margin of 23.24%.

Separately, StockNews.com raised shares of S&T Bancorp from a "sell" rating to a "hold" rating in a report on Thursday, October 24th.

S&T Bancorp Stock Performance

Shares of NASDAQ STBA traded up $0.35 during trading on Wednesday, reaching $41.02. 82,213 shares of the stock traded hands, compared to its average volume of 155,386. The company has a 50-day moving average of $39.34 and a 200-day moving average of $40.66. S&T Bancorp has a 52-week low of $28.83 and a 52-week high of $45.79. The stock has a market capitalization of $1.57 billion, a P/E ratio of 12.00 and a beta of 0.84. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.99.

S&T Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Thursday, February 13th. S&T Bancorp's payout ratio is currently 39.88%.

Insider Activity

In other news, Director Frank J. Palermo, Jr. sold 4,982 shares of the firm's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $43.21, for a total value of $215,272.22. Following the completion of the transaction, the director now directly owns 23,143 shares in the company, valued at approximately $1,000,009.03. This trade represents a 17.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.38% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of STBA. Stifel Financial Corp raised its position in shares of S&T Bancorp by 2.3% in the third quarter. Stifel Financial Corp now owns 13,646 shares of the financial services provider's stock worth $573,000 after buying an additional 303 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of S&T Bancorp by 48.6% in the 4th quarter. Versant Capital Management Inc now owns 926 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 303 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of S&T Bancorp by 2.8% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 12,103 shares of the financial services provider's stock valued at $508,000 after acquiring an additional 326 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of S&T Bancorp by 2.6% during the second quarter. The Manufacturers Life Insurance Company now owns 19,436 shares of the financial services provider's stock worth $649,000 after purchasing an additional 498 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of S&T Bancorp by 67.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the financial services provider's stock worth $48,000 after purchasing an additional 502 shares during the last quarter. 65.22% of the stock is owned by institutional investors.

S&T Bancorp Company Profile

S&T Bancorp, Inc is a bank holding company, which engages in the provision of consumer, commercial, and small business banking services. It operates through the following segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.