Wall Street analysts expect that S & T Bancorp Inc (NASDAQ:STBA) will announce sales of $77.83 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for S & T Bancorp’s earnings, with the lowest sales estimate coming in at $74.50 million and the highest estimate coming in at $81.16 million. S & T Bancorp reported sales of $70.94 million in the same quarter last year, which would suggest a positive year over year growth rate of 9.7%. The company is expected to issue its next quarterly earnings results on Thursday, January 30th.
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On average, analysts expect that S & T Bancorp will report full year sales of $297.41 million for the current fiscal year, with estimates ranging from $294.01 million to $300.81 million. For the next year, analysts anticipate that the company will post sales of $345.16 million, with estimates ranging from $341.44 million to $348.88 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover S & T Bancorp.
S & T Bancorp (NASDAQ:STBA) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.03. The company had revenue of $74.26 million for the quarter, compared to the consensus estimate of $73.81 million. S & T Bancorp had a return on equity of 10.75% and a net margin of 28.32%.
STBA has been the topic of a number of research reports. ValuEngine raised S & T Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised S & T Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, BidaskClub raised S & T Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 23rd.
S & T Bancorp stock traded down $0.14 during mid-day trading on Thursday, hitting $38.28. The company’s stock had a trading volume of 49,400 shares, compared to its average volume of 106,531. The company has a 50 day moving average of $36.73 and a 200-day moving average of $37.16. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.99 and a current ratio of 0.99. S & T Bancorp has a one year low of $33.30 and a one year high of $42.56. The stock has a market cap of $1.33 billion, a PE ratio of 12.72 and a beta of 0.64.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.93%. This is a positive change from S & T Bancorp’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, November 6th. S & T Bancorp’s dividend payout ratio (DPR) is 37.21%.
A number of institutional investors have recently bought and sold shares of the stock. McIlrath & Eck LLC acquired a new stake in S & T Bancorp during the third quarter worth about $43,000. Russell Investments Group Ltd. boosted its position in S & T Bancorp by 120.4% during the third quarter. Russell Investments Group Ltd. now owns 15,239 shares of the financial services provider’s stock worth $557,000 after purchasing an additional 8,324 shares in the last quarter. California Public Employees Retirement System boosted its position in S & T Bancorp by 57.1% during the third quarter. California Public Employees Retirement System now owns 87,242 shares of the financial services provider’s stock worth $3,187,000 after purchasing an additional 31,722 shares in the last quarter. State of Tennessee Treasury Department boosted its position in S & T Bancorp by 8.5% during the third quarter. State of Tennessee Treasury Department now owns 15,115 shares of the financial services provider’s stock worth $552,000 after purchasing an additional 1,188 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in S & T Bancorp by 5.2% during the third quarter. Rhumbline Advisers now owns 128,259 shares of the financial services provider’s stock worth $4,685,000 after purchasing an additional 6,351 shares in the last quarter. 60.93% of the stock is currently owned by hedge funds and other institutional investors.
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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