Brokerages forecast that S & T Bancorp Inc (NASDAQ:STBA) will announce earnings of $0.77 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for S & T Bancorp’s earnings, with the lowest EPS estimate coming in at $0.75 and the highest estimate coming in at $0.78. S & T Bancorp reported earnings per share of $0.88 in the same quarter last year, which suggests a negative year over year growth rate of 12.5%. The firm is scheduled to announce its next quarterly earnings results on Thursday, October 17th.
According to Zacks, analysts expect that S & T Bancorp will report full year earnings of $2.96 per share for the current financial year, with EPS estimates ranging from $2.92 to $3.00. For the next year, analysts forecast that the firm will post earnings of $3.19 per share, with EPS estimates ranging from $3.13 to $3.22. Zacks’ EPS averages are an average based on a survey of research analysts that cover S & T Bancorp.
S & T Bancorp (NASDAQ:STBA) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.08). The company had revenue of $71.72 million for the quarter, compared to the consensus estimate of $72.39 million. S & T Bancorp had a net margin of 30.00% and a return on equity of 11.35%.
Shares of STBA stock traded down $0.27 during trading on Friday, hitting $37.34. The company had a trading volume of 119,684 shares, compared to its average volume of 121,922. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.12. The business’s 50-day simple moving average is $37.51. The firm has a market cap of $1.28 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 1.26 and a beta of 0.65. S & T Bancorp has a 52 week low of $35.16 and a 52 week high of $47.77.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, July 31st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.89%. S & T Bancorp’s payout ratio is currently 35.88%.
In other S & T Bancorp news, CEO Todd D. Brice bought 2,036 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were bought at an average price of $37.31 per share, with a total value of $75,963.16. Following the purchase, the chief executive officer now owns 91,520 shares of the company’s stock, valued at $3,414,611.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in STBA. BlackRock Inc. increased its position in shares of S & T Bancorp by 2.1% during the 4th quarter. BlackRock Inc. now owns 5,146,026 shares of the financial services provider’s stock valued at $194,726,000 after purchasing an additional 107,822 shares during the last quarter. Texas Permanent School Fund raised its position in shares of S & T Bancorp by 4.0% in the 4th quarter. Texas Permanent School Fund now owns 22,908 shares of the financial services provider’s stock worth $867,000 after acquiring an additional 880 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in S & T Bancorp by 10.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 9,508 shares of the financial services provider’s stock valued at $360,000 after buying an additional 883 shares in the last quarter. Great West Life Assurance Co. Can increased its position in S & T Bancorp by 5.8% during the 4th quarter. Great West Life Assurance Co. Can now owns 49,087 shares of the financial services provider’s stock valued at $1,716,000 after buying an additional 2,697 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in S & T Bancorp by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 408,221 shares of the financial services provider’s stock valued at $15,447,000 after buying an additional 30,169 shares in the last quarter. 60.23% of the stock is currently owned by hedge funds and other institutional investors.
About S & T Bancorp
S&T Bancorp, Inc operates as the bank holding company for S&T Bank that provides retail and commercial banking products and services. The company accepts time and demand deposits; and offers commercial and consumer loans, cash management services, and brokerage and trust services, as well as acts as guardian and custodian of employee benefits.
Featured Story: What is total return in investing?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for S & T Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S & T Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.