S&T Bancorp (NASDAQ:STBA - Get Free Report) announced its quarterly earnings results on Thursday. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.08, Zacks reports. S&T Bancorp had a net margin of 23.24% and a return on equity of 9.77%.
S&T Bancorp Stock Down 1.0 %
NASDAQ STBA traded down $0.40 during trading hours on Monday, reaching $39.05. 81,406 shares of the company's stock traded hands, compared to its average volume of 156,450. S&T Bancorp has a 52-week low of $28.83 and a 52-week high of $45.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a 50-day simple moving average of $39.56 and a 200 day simple moving average of $40.67. The firm has a market cap of $1.49 billion, a PE ratio of 11.49 and a beta of 0.84.
S&T Bancorp Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend is Thursday, February 13th. S&T Bancorp's dividend payout ratio is presently 39.88%.
Insiders Place Their Bets
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 of the company's stock, valued at approximately $1,000,009.03. The trade was a 17.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.38% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com upgraded S&T Bancorp from a "sell" rating to a "hold" rating in a report on Thursday, October 24th.
Check Out Our Latest Report on S&T Bancorp
About S&T Bancorp
(
Get Free Report)
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.
Further Reading
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
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
