Zacks: Brokerages Expect S & T Bancorp Inc (STBA) Will Post Earnings of $0.70 Per Share
Brokerages forecast that S & T Bancorp Inc (NASDAQ:STBA) will post $0.70 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for S & T Bancorp’s earnings, with the highest EPS estimate coming in at $0.73 and the lowest estimate coming in at $0.65. S & T Bancorp reported earnings of $0.52 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 34.6%. The business is expected to report its next quarterly earnings report on Thursday, April 19th.
On average, analysts expect that S & T Bancorp will report full year earnings of $2.86 per share for the current fiscal year, with EPS estimates ranging from $2.74 to $2.96. For the next year, analysts anticipate that the firm will post earnings of $3.00 per share, with EPS estimates ranging from $2.92 to $3.14. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms 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 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. The company had revenue of $70.48 million for the quarter, compared to analysts’ expectations of $74.58 million.
Shares of S & T Bancorp (STBA) traded up $0.30 on Monday, reaching $40.47. 49,866 shares of the company were exchanged, compared to its average volume of 86,816. S & T Bancorp has a 52-week low of $31.72 and a 52-week high of $43.17. The stock has a market capitalization of $1,404.82, a P/E 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 firm 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 $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.17%. The ex-dividend date is Wednesday, February 7th. S & T Bancorp’s dividend payout ratio is 42.11%.
In other S & T Bancorp news, Director James C. Miller sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $39.56, for a total value of $197,800.00. Following the completion of the sale, the director now directly owns 44,176 shares of the company’s stock, valued at $1,747,602.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.71% of the company’s stock.
A number of hedge funds have recently bought and sold shares of STBA. Wells Fargo & Company MN grew its position in S & T Bancorp by 11.7% in the second quarter. Wells Fargo & Company MN now owns 31,297 shares of the financial services provider’s stock worth $1,122,000 after acquiring an additional 3,283 shares in the last quarter. Teachers Advisors LLC grew its position in S & T Bancorp by 5.2% in the second quarter. Teachers Advisors LLC now owns 65,172 shares of the financial services provider’s stock worth $2,337,000 after acquiring an additional 3,230 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in 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 worth $3,634,000 after acquiring an additional 1,407 shares in the last quarter. New York State Common Retirement Fund grew its position in S & T Bancorp by 6.1% in the second quarter. New York State Common Retirement Fund now owns 38,300 shares of the financial services provider’s stock worth $1,373,000 after acquiring an additional 2,199 shares in the last quarter. Finally, Northern Trust Corp grew its position in S & T Bancorp by 1.8% in the second quarter. Northern Trust Corp now owns 951,893 shares of the financial services provider’s stock worth $34,134,000 after acquiring an additional 16,887 shares in the last quarter. 55.65% of the stock is owned by institutional investors.
About S & T Bancorp
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for S & T Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S & T Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.