S&T Bancorp (STBA) to Release Quarterly Earnings on Thursday

Posted by on Apr 13th, 2023

S&T Bancorp (NASDAQ:STBA – Get Rating) will be posting its quarterly earnings results before the market opens on Thursday, April 20th. Analysts expect S&T Bancorp to post earnings of $0.98 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

S&T Bancorp (NASDAQ:STBA – Get Rating) last announced its quarterly earnings results on Thursday, January 26th. The financial services provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.08. The company had revenue of $104.70 million during the quarter, compared to analyst estimates of $99.70 million. S&T Bancorp had a return on equity of 11.53% and a net margin of 33.96%. On average, analysts expect S&T Bancorp to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

S&T Bancorp Price Performance

NASDAQ:STBA opened at $29.65 on Thursday. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 8.54 and a beta of 0.75. S&T Bancorp has a 1 year low of $26.51 and a 1 year high of $38.43. The business has a 50 day simple moving average of $34.68 and a 200-day simple moving average of $34.54. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.96 and a quick ratio of 0.96.

S&T Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 23rd. Stockholders of record on Friday, February 10th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.32%. This is a positive change from S&T Bancorp’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Thursday, February 9th. S&T Bancorp’s dividend payout ratio (DPR) is presently 36.89%.

Institutional Trading of S&T Bancorp

Institutional investors have recently made changes to their positions in the business. Marshall Wace LLP acquired a new stake in S&T Bancorp during the 4th quarter worth about $281,000. Squarepoint Ops LLC purchased a new position in shares of S&T Bancorp in the 4th quarter valued at about $279,000. Captrust Financial Advisors increased its stake in shares of S&T Bancorp by 21.7% in the 1st quarter. Captrust Financial Advisors now owns 8,635 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 1,538 shares in the last quarter. CI Private Wealth LLC purchased a new position in shares of S&T Bancorp in the 4th quarter valued at about $233,000. Finally, Eaton Vance Management increased its stake in S&T Bancorp by 5.9% during the 1st quarter. Eaton Vance Management now owns 7,784 shares of the financial services provider’s stock worth $230,000 after buying an additional 435 shares in the last quarter. Institutional investors and hedge funds own 61.92% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reduced their price target on S&T Bancorp from $38.00 to $34.00 and set a “market perform” rating on the stock in a report on Thursday, April 6th. Stephens raised their price objective on S&T Bancorp from $32.00 to $37.00 in a report on Thursday, February 9th. Finally, StockNews.com began coverage on S&T Bancorp in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $34.33.

S&T Bancorp Company Profile

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S&T Bancorp, Inc is a bank holding company, which engages in the provision of consumer, commercial, and small business banking services, which include accepting time and demand deposits and originating commercial and consumer loans, brokerage services, and trust services including serving as executor and trustee under wills and deeds and as guardian and custodian of employee benefits.

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

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