$0.77 EPS Expected for S & T Bancorp Inc (NASDAQ:STBA) This Quarter
Brokerages expect S & T Bancorp Inc (NASDAQ:STBA) to announce earnings per share (EPS) of $0.77 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for S & T Bancorp’s earnings, with the lowest EPS estimate coming in at $0.75 and the highest estimate coming in at $0.78. S & T Bancorp reported earnings per share of $0.88 in the same quarter last year, which suggests a negative year over year growth rate of 12.5%. The business is expected to announce its next earnings report on Thursday, October 17th.
On average, analysts expect that S & T Bancorp will report full-year earnings of $2.96 per share for the current fiscal year, with EPS estimates ranging from $2.92 to $3.00. For the next fiscal year, analysts expect that the firm will post earnings of $3.19 per share, with EPS estimates ranging from $3.13 to $3.22. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover S & T Bancorp.
S & T Bancorp (NASDAQ:STBA) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). The business had revenue of $71.72 million for the quarter, compared to the consensus estimate of $72.39 million. S & T Bancorp had a net margin of 30.00% and a return on equity of 11.35%.
STBA traded down $0.27 during trading on Friday, hitting $37.34. The stock had a trading volume of 119,684 shares, compared to its average volume of 121,922. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 1.26 and a beta of 0.65. S & T Bancorp has a 12 month low of $35.16 and a 12 month high of $47.77. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. The company has a 50 day simple moving average of $37.51.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, July 31st. This represents a $1.08 annualized dividend and a dividend yield of 2.89%. S & T Bancorp’s dividend payout ratio (DPR) is currently 35.88%.
In other S & T Bancorp news, CEO Todd D. Brice bought 2,036 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were acquired at an average cost of $37.31 per share, for a total transaction of $75,963.16. Following the transaction, the chief executive officer now owns 91,520 shares in the company, valued at $3,414,611.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.50% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in S & T Bancorp by 2.1% in the fourth quarter. BlackRock Inc. now owns 5,146,026 shares of the financial services provider’s stock valued at $194,726,000 after buying an additional 107,822 shares in the last quarter. Norges Bank acquired a new position in S & T Bancorp in the fourth quarter valued at about $22,575,000. Geode Capital Management LLC boosted its position in S & T Bancorp by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 408,221 shares of the financial services provider’s stock valued at $15,447,000 after buying an additional 30,169 shares in the last quarter. Principal Financial Group Inc. boosted its position in S & T Bancorp by 1.1% in the fourth quarter. Principal Financial Group Inc. now owns 296,044 shares of the financial services provider’s stock valued at $11,202,000 after buying an additional 3,178 shares in the last quarter. Finally, First Commonwealth Financial Corp PA boosted its position in S & T Bancorp by 43.3% in the fourth quarter. First Commonwealth Financial Corp PA now owns 208,164 shares of the financial services provider’s stock valued at $7,877,000 after buying an additional 62,859 shares in the last quarter. Institutional investors and hedge funds own 60.23% of the company’s stock.
About S & T Bancorp
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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