Zacks: Analysts Anticipate S & T Bancorp Inc (NASDAQ:STBA) to Post $0.69 EPS

Wall Street analysts expect S & T Bancorp Inc (NASDAQ:STBA) to post earnings of $0.69 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for S & T Bancorp’s earnings, with estimates ranging from $0.55 to $0.78. S & T Bancorp posted earnings per share of $0.77 during the same quarter last year, which indicates a negative year over year growth rate of 10.4%. The firm is scheduled to issue its next earnings results on Thursday, January 30th.

On average, analysts expect that S & T Bancorp will report full-year earnings of $2.91 per share for the current year, with EPS estimates ranging from $2.75 to $3.01. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.08 per share, with EPS estimates ranging from $3.02 to $3.14. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for S & T Bancorp.

S & T Bancorp (NASDAQ:STBA) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.03. S & T Bancorp had a net margin of 28.32% and a return on equity of 10.75%. The firm had revenue of $74.26 million during the quarter, compared to the consensus estimate of $73.81 million.

STBA has been the subject of several analyst reports. Zacks Investment Research raised shares of S & T Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. BidaskClub raised shares of S & T Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, ValuEngine raised shares of S & T Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.

Shares of STBA traded down $0.14 during mid-day trading on Tuesday, hitting $38.28. 49,400 shares of the company were exchanged, compared to its average volume of 106,531. The company has a 50 day moving average of $36.73 and a 200-day moving average of $37.16. S & T Bancorp has a 1-year low of $33.30 and a 1-year high of $42.56. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 12.72 and a beta of 0.64.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.93%. This is a boost from S & T Bancorp’s previous quarterly dividend of $0.27. S & T Bancorp’s dividend payout ratio (DPR) is presently 37.21%.

Large investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. purchased a new position in shares of S & T Bancorp during the 2nd quarter worth approximately $29,000. Acadian Asset Management LLC purchased a new position in shares of S & T Bancorp during the 2nd quarter worth approximately $40,000. McIlrath & Eck LLC purchased a new position in shares of S & T Bancorp during the 3rd quarter worth approximately $43,000. Huntington National Bank boosted its position in shares of S & T Bancorp by 18.3% during the 2nd quarter. Huntington National Bank now owns 1,883 shares of the financial services provider’s stock worth $71,000 after purchasing an additional 291 shares during the period. Finally, Quantamental Technologies LLC purchased a new position in shares of S & T Bancorp during the 2nd quarter worth approximately $74,000. 60.93% of the stock is owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for S & T Bancorp (NASDAQ:STBA)

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