S&T Bancorp, Inc. (NASDAQ:STBA - Get Free Report) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Investors of record on Thursday, November 7th will be paid a dividend of 0.34 per share by the financial services provider on Thursday, November 21st. This represents a $1.36 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Thursday, November 7th. This is a boost from S&T Bancorp's previous quarterly dividend of $0.33.
S&T Bancorp has increased its dividend by an average of 4.8% per year over the last three years and has raised its dividend annually for the last 11 consecutive years. S&T Bancorp has a payout ratio of 44.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect S&T Bancorp to earn $3.03 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 43.6%.
S&T Bancorp Stock Performance
Shares of NASDAQ STBA traded down $0.66 during midday trading on Friday, hitting $37.85. 145,123 shares of the stock traded hands, compared to its average volume of 162,616. The firm has a market capitalization of $1.45 billion, a P/E ratio of 10.78 and a beta of 0.79. S&T Bancorp has a one year low of $25.11 and a one year high of $45.79. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a 50-day moving average of $41.20 and a two-hundred day moving average of $36.62.
Analyst Ratings Changes
STBA has been the topic of a number of recent research reports. DA Davidson increased their target price on S&T Bancorp from $32.00 to $41.00 and gave the company a "neutral" rating in a report on Friday, July 19th. StockNews.com upgraded shares of S&T Bancorp from a "sell" rating to a "hold" rating in a research report on Thursday.
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About S&T Bancorp
(
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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.
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