S&T Bancorp, Inc. (STBA) to Issue Quarterly Dividend of $0.37 on November 27th

S&T Bancorp, Inc. (NASDAQ:STBA) announced a quarterly dividend on Wednesday, October 28th. Investors of record on Thursday, November 12th will be given a dividend of $0.37 per share by the financial services provider on Friday, November 27th. This represents a $1.48 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Thursday, November 12th.

S&T Bancorp has a dividend payout ratio of 44.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect S&T Bancorp to earn $4.10 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 37.1%.

S&T Bancorp Stock Up 1.2%

Shares of NASDAQ STBA opened at $51.38 on Tuesday. The firm has a fifty day simple moving average of $49.74 and a two-hundred day simple moving average of $46.71. S&T Bancorp has a 12 month low of $36.94 and a 12 month high of $53.58. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $1.81 billion, a PE ratio of 13.24 and a beta of 0.86.

S&T Bancorp (NASDAQ:STBA) last released its earnings results on Thursday, October 22nd. The financial services provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.10. The company had revenue of $107.79 million during the quarter, compared to analysts’ expectations of $106.72 million. S&T Bancorp had a return on equity of 10.11% and a net margin of 25.10%. Equities analysts expect that S&T Bancorp will post 4.06 earnings per share for the current year.

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