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

S&T Bancorp (NASDAQ:STBA) is set to release its earnings data before the market opens on Thursday, April 18th. Analysts expect the company to announce earnings of $0.80 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

S&T Bancorp (NASDAQ:STBA) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.10. The business had revenue of $103.17 million for the quarter, compared to analyst estimates of $100.10 million. S&T Bancorp had a net margin of 27.03% and a return on equity of 11.70%. On average, analysts expect S&T Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

S&T Bancorp Price Performance

Shares of NASDAQ:STBA opened at $29.19 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average price of $31.13 and a 200 day moving average price of $30.39. S&T Bancorp has a 52 week low of $24.51 and a 52 week high of $36.28. The company has a market cap of $1.12 billion, a P/E ratio of 7.85 and a beta of 0.77.

S&T Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were issued a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $1.32 annualized dividend and a dividend yield of 4.52%. S&T Bancorp’s dividend payout ratio is currently 35.29%.

Institutional Trading of S&T Bancorp

Institutional investors have recently added to or reduced their stakes in the stock. Pathstone Family Office LLC increased its position in shares of S&T Bancorp by 5.4% in the third quarter. Pathstone Family Office LLC now owns 7,699 shares of the financial services provider’s stock valued at $226,000 after buying an additional 393 shares in the last quarter. XTX Topco Ltd purchased a new position in S&T Bancorp during the 1st quarter valued at about $224,000. Apexium Financial LP acquired a new position in S&T Bancorp during the fourth quarter worth about $222,000. PDT Partners LLC purchased a new stake in shares of S&T Bancorp in the fourth quarter valued at about $209,000. Finally, Lazard Asset Management LLC grew its position in shares of S&T Bancorp by 74.0% in the third quarter. Lazard Asset Management LLC now owns 6,272 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 2,668 shares during the last quarter. Hedge funds and other institutional investors own 65.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut S&T Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd.

About S&T Bancorp

S&T Bancorp, Inc operates as the bank holding company for S&T Bank that engages in the provision of retail and commercial banking products and services. The company operates through six segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.