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

Posted by Defense World Staff on Jul 13th, 2023

S&T Bancorp (NASDAQ:STBA – Get Free Report) is scheduled to be releasing its earnings data before the market opens on Thursday, July 20th. Analysts expect S&T Bancorp to post earnings of $0.92 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

S&T Bancorp (NASDAQ:STBA – Get Free Report) last posted its earnings results on Thursday, April 20th. The financial services provider reported $1.02 EPS for the quarter, topping the consensus estimate of $0.96 by $0.06. S&T Bancorp had a return on equity of 12.32% and a net margin of 33.39%. The business had revenue of $101.98 million during the quarter, compared to the consensus estimate of $102.80 million. On average, analysts expect S&T Bancorp to post $4 EPS for the current fiscal year and $3 EPS for the next fiscal year.

S&T Bancorp Trading Up 2.8 %

Shares of STBA opened at $28.33 on Thursday. The stock has a fifty day moving average price of $27.76 and a two-hundred day moving average price of $31.41. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.97 and a current ratio of 0.97. S&T Bancorp has a 52-week low of $24.93 and a 52-week high of $38.43. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 7.57 and a beta of 0.73.

S&T Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 25th. Shareholders of record on Thursday, May 11th were given a $0.32 dividend. The ex-dividend date was Wednesday, May 10th. This represents a $1.28 annualized dividend and a yield of 4.52%. S&T Bancorp’s payout ratio is 34.22%.

Analyst Ratings Changes

STBA has been the subject of several research analyst reports. Keefe, Bruyette & Woods cut their price objective on S&T Bancorp from $38.00 to $34.00 and set a “market perform” rating for the company in a research report on Thursday, April 6th. StockNews.com upgraded S&T Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.33.

Insider Activity

In other news, Director Jeffrey D. Grube bought 2,000 shares of the stock in a transaction dated Friday, April 28th. The stock was bought at an average cost of $27.59 per share, with a total value of $55,180.00. Following the purchase, the director now owns 37,175 shares of the company’s stock, valued at $1,025,658.25. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.32% of the company’s stock.

Institutional Investors Weigh In On S&T Bancorp

Institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC acquired a new stake in shares of S&T Bancorp during the fourth quarter worth $29,000. Point72 Middle East FZE bought a new position in S&T Bancorp during the fourth quarter worth about $39,000. Tower Research Capital LLC TRC lifted its holdings in S&T Bancorp by 122.8% during the first quarter. Tower Research Capital LLC TRC now owns 1,907 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 1,051 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in S&T Bancorp during the first quarter worth about $76,000. Finally, Quantbot Technologies LP bought a new position in S&T Bancorp during the second quarter worth about $90,000. 63.62% of the stock is owned by institutional investors and hedge funds.

S&T Bancorp Company Profile

(Get Free Report)

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 operates through six segments: Commercial Real Estate, Commercial and Industrial, Business Banking, Commercial Construction, Consumer Real Estate, and Other Consumer.