Equities research analysts expect S&T Bancorp, Inc. (NASDAQ:STBA) to announce sales of $71.98 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for S&T Bancorp’s earnings. The lowest sales estimate is $70.32 million and the highest is $73.64 million. S&T Bancorp posted sales of $62.16 million during the same quarter last year, which would indicate a positive year over year growth rate of 15.8%. The business is scheduled to report its next earnings report on Thursday, July 20th.
According to Zacks, analysts expect that S&T Bancorp will report full year sales of $71.98 million for the current financial year, with estimates ranging from $284.43 million to $292.25 million. For the next fiscal year, analysts forecast that the firm will report sales of $309.19 million per share, with estimates ranging from $302.86 million to $315.52 million. Zacks’ sales averages are an average based on a survey of research firms that cover S&T Bancorp.
S&T Bancorp (NASDAQ:STBA) last posted its quarterly earnings data on Thursday, April 20th. The financial services provider reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by $0.01. The firm had revenue of $66.87 million for the quarter, compared to analysts’ expectations of $68.26 million. S&T Bancorp had a net margin of 25.72% and a return on equity of 8.75%. During the same quarter last year, the company posted $0.46 EPS.
Several research firms have commented on STBA. Zacks Investment Research lowered S&T Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. BidaskClub lowered S&T Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, June 16th.
Shares of S&T Bancorp (NASDAQ STBA) opened at 36.64 on Wednesday. S&T Bancorp has a 52-week low of $23.32 and a 52-week high of $39.84. The stock has a market cap of $1.28 billion, a PE ratio of 17.35 and a beta of 0.83. The company’s 50-day moving average price is $34.84 and its 200-day moving average price is $35.97.
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Large investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. acquired a new stake in shares of S&T Bancorp during the first quarter valued at $100,000. State of Alaska Department of Revenue increased its stake in shares of S&T Bancorp by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,850 shares of the financial services provider’s stock valued at $133,000 after buying an additional 70 shares during the period. Victory Capital Management Inc. increased its stake in shares of S&T Bancorp by 5.1% in the first quarter. Victory Capital Management Inc. now owns 4,014 shares of the financial services provider’s stock valued at $139,000 after buying an additional 196 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of S&T Bancorp during the fourth quarter valued at $219,000. Finally, OppenheimerFunds Inc. acquired a new stake in shares of S&T Bancorp during the first quarter valued at $227,000. Institutional investors and hedge funds own 54.19% of the company’s stock.
S&T Bancorp Company Profile
S&T Bancorp, Inc (S&T) is a bank holding company. The Company operates through three segments: Community Banking, Wealth Management and Insurance. The Community Banking segment offers services, which include accepting time and demand deposits, and originating commercial and consumer loans. The Wealth Management segment offers brokerage services, serves as executor and trustee under wills and deeds and as guardian and custodian of employee benefits and provides other trust services.
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