Equities analysts expect S & T Bancorp Inc (NASDAQ:STBA) to announce $70.31 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for S & T Bancorp’s earnings. The lowest sales estimate is $70.20 million and the highest is $70.42 million. S & T Bancorp posted sales of $66.87 million in the same quarter last year, which would indicate a positive year over year growth rate of 5.1%. The firm is scheduled to issue its next quarterly earnings results on Thursday, April 19th.
On average, analysts expect that S & T Bancorp will report full-year sales of $70.31 million for the current financial year, with estimates ranging from $287.19 million to $287.50 million. For the next financial year, analysts expect that the firm will report sales of $303.69 million per share, with estimates ranging from $303.69 million to $303.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that that provide coverage for S & T Bancorp.
S & T Bancorp (NASDAQ:STBA) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. S & T Bancorp had a return on equity of 9.88% and a net margin of 23.08%. The firm had revenue of $70.48 million for the quarter, compared to analyst estimates of $74.58 million.
In other S & T Bancorp news, Director James C. Miller sold 5,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $39.56, for a total transaction of $197,800.00. Following the sale, the director now directly owns 44,176 shares in the company, valued at $1,747,602.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.71% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Advisor Group Inc. boosted its position in S & T Bancorp by 1.1% during the second quarter. Advisor Group Inc. now owns 4,894 shares of the financial services provider’s stock worth $175,000 after purchasing an additional 53 shares in the last quarter. OxFORD Asset Management LLP lifted its position in shares of S & T Bancorp by 2.5% in the second quarter. OxFORD Asset Management LLP now owns 7,657 shares of the financial services provider’s stock valued at $275,000 after acquiring an additional 184 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of S & T Bancorp by 8.9% in the second quarter. Voya Investment Management LLC now owns 17,156 shares of the financial services provider’s stock valued at $615,000 after acquiring an additional 1,396 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of S & T Bancorp by 1.4% in the second quarter. TIAA CREF Investment Management LLC now owns 101,339 shares of the financial services provider’s stock valued at $3,634,000 after acquiring an additional 1,407 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of S & T Bancorp by 1.6% in the third quarter. Rhumbline Advisers now owns 90,978 shares of the financial services provider’s stock valued at $3,601,000 after acquiring an additional 1,410 shares in the last quarter. Institutional investors own 56.57% of the company’s stock.
Shares of S & T Bancorp (STBA) traded up $0.30 during mid-day trading on Wednesday, reaching $40.47. The company had a trading volume of 49,800 shares, compared to its average volume of 90,497. S & T Bancorp has a 52-week low of $31.72 and a 52-week high of $43.17. The firm has a market capitalization of $1,415.31, a price-to-earnings ratio of 19.36 and a beta of 0.85. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.97.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th will be given a dividend of $0.22 per share. The ex-dividend date is Wednesday, February 7th. This represents a $0.88 dividend on an annualized basis and a yield of 2.17%. S & T Bancorp’s payout ratio is 42.11%.
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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