S & T Bancorp (NASDAQ:STBA) released its earnings results on Thursday. The financial services provider reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.04, Fidelity Earnings reports. S & T Bancorp had a return on equity of 10.41% and a net margin of 24.39%.
S & T Bancorp stock opened at $41.62 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 0.97. S & T Bancorp has a 12 month low of $37.79 and a 12 month high of $47.77. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 16.85 and a beta of 0.61.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.59%. This is an increase from S & T Bancorp’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, October 31st. S & T Bancorp’s payout ratio is 27.94%.
STBA has been the topic of several analyst reports. BidaskClub raised S & T Bancorp from a “buy” rating to a “strong-buy” rating in a report on Friday, June 22nd. Zacks Investment Research raised S & T Bancorp from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Tuesday, August 7th. Finally, DA Davidson initiated coverage on S & T Bancorp in a report on Thursday, August 23rd. They issued a “buy” rating and a $54.00 target price on the stock. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. S & T Bancorp currently has a consensus rating of “Hold” and a consensus target price of $47.13.
S & T Bancorp Company Profile
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.
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