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

S&T Bancorp, Inc. (NASDAQ:STBA) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Tuesday, August 18th will be paid a dividend of 0.37 per share by the financial services provider on Thursday, August 27th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, August 18th.

S&T Bancorp has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 13 years. S&T Bancorp has a dividend payout ratio of 43.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect S&T Bancorp to earn $4.00 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 37.0%.

S&T Bancorp Trading Down 0.8%

Shares of STBA stock opened at $51.14 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $1.80 billion, a PE ratio of 13.60 and a beta of 0.85. The company has a 50-day moving average of $49.62 and a two-hundred day moving average of $45.43. S&T Bancorp has a 1-year low of $34.38 and a 1-year high of $53.50.

S&T Bancorp (NASDAQ:STBA) last released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.10. S&T Bancorp had a net margin of 24.51% and a return on equity of 9.74%. The business had revenue of $105.24 million for the quarter, compared to the consensus estimate of $104.43 million. On average, analysts predict that S&T Bancorp will post 3.93 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on STBA. Zacks Research raised S&T Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Hovde Group restated a “market perform” rating and set a $54.00 price target (up from $47.00) on shares of S&T Bancorp in a research report on Monday, July 27th. Keefe, Bruyette & Woods boosted their price objective on S&T Bancorp from $49.00 to $52.00 and gave the company a “market perform” rating in a report on Monday, July 27th. DA Davidson raised their target price on S&T Bancorp from $47.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Finally, Piper Sandler lifted their target price on S&T Bancorp from $51.00 to $53.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.60.

S&T Bancorp Company Profile

S&T Bancorp, Inc is a bank holding company headquartered in Indiana, Pennsylvania, serving as the parent of S&T Bank. Established as a banking organization in 1902 with the holding company formation following in the early 1980s, S&T Bancorp has built its reputation on delivering community-oriented financial services. The company operates under the NASDAQ ticker STBA, maintaining a focus on personalized banking solutions and local decision-making.

The company’s main business activities encompass a full suite of retail and commercial banking products.