S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) - Research analysts at DA Davidson cut their FY2025 earnings per share estimates for S&T Bancorp in a research report issued to clients and investors on Thursday, December 19th. DA Davidson analyst M. Navas now expects that the financial services provider will earn $2.95 per share for the year, down from their prior forecast of $3.00. The consensus estimate for S&T Bancorp's current full-year earnings is $3.36 per share.
S&T Bancorp (NASDAQ:STBA - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.03. S&T Bancorp had a return on equity of 10.25% and a net margin of 23.69%. The firm had revenue of $96.35 million during the quarter, compared to analyst estimates of $98.90 million.
Separately, StockNews.com upgraded shares of S&T Bancorp from a "sell" rating to a "hold" rating in a report on Thursday, October 24th.
Get Our Latest Stock Report on S&T Bancorp
S&T Bancorp Stock Up 1.0 %
NASDAQ STBA traded up $0.37 on Friday, reaching $39.26. The company had a trading volume of 722,042 shares, compared to its average volume of 165,050. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $1.50 billion, a P/E ratio of 11.19 and a beta of 0.83. The company's fifty day moving average is $41.33 and its 200 day moving average is $39.50. S&T Bancorp has a 52-week low of $28.83 and a 52-week high of $45.79.
S&T Bancorp Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.46%. This is a boost from S&T Bancorp's previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, November 7th. S&T Bancorp's payout ratio is presently 38.75%.
Insider Activity at S&T Bancorp
In other S&T Bancorp news, Director Frank J. Palermo, Jr. sold 4,982 shares of the business's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $43.21, for a total value of $215,272.22. Following the sale, the director now directly owns 23,143 shares in the company, valued at $1,000,009.03. The trade was a 17.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.38% of the stock is owned by company insiders.
Institutional Investors Weigh In On S&T Bancorp
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC purchased a new position in shares of S&T Bancorp in the third quarter worth about $220,000. Geode Capital Management LLC boosted its holdings in S&T Bancorp by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 925,490 shares of the financial services provider's stock worth $38,850,000 after buying an additional 10,603 shares during the period. Barclays PLC grew its stake in S&T Bancorp by 124.4% in the 3rd quarter. Barclays PLC now owns 74,236 shares of the financial services provider's stock valued at $3,116,000 after buying an additional 41,148 shares in the last quarter. Zacks Investment Management bought a new stake in S&T Bancorp during the 3rd quarter valued at $255,000. Finally, Jane Street Group LLC raised its holdings in S&T Bancorp by 35.2% during the 3rd quarter. Jane Street Group LLC now owns 43,214 shares of the financial services provider's stock valued at $1,814,000 after acquiring an additional 11,252 shares during the period. 65.22% of the stock is currently owned by institutional investors.
S&T Bancorp Company Profile
(
Get Free Report)
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.
Read More
Before you consider S&T Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and S&T Bancorp wasn't on the list.
While S&T Bancorp currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
