Brokerages Expect S & T Bancorp Inc (STBA) to Announce $0.70 EPS

Wall Street analysts expect that S & T Bancorp Inc (NASDAQ:STBA) will announce $0.70 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for S & T Bancorp’s earnings, with the highest EPS estimate coming in at $0.73 and the lowest estimate coming in at $0.65. S & T Bancorp posted earnings of $0.52 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 34.6%. The firm is scheduled to report its next quarterly earnings report on Thursday, April 19th.

According to Zacks, analysts expect that S & T Bancorp will report full-year earnings of $2.71 per share for the current financial year, with EPS estimates ranging from $2.44 to $2.96. For the next fiscal year, analysts expect that the company will post earnings of $2.85 per share, with EPS estimates ranging from $2.48 to $3.14. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover S & T Bancorp.

S & T Bancorp (NASDAQ:STBA) last released its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.02. S & T Bancorp had a return on equity of 9.88% and a net margin of 23.08%. The firm had revenue of $70.48 million during the quarter, compared to the consensus estimate of $74.58 million.

STBA has been the subject of several recent research reports. Zacks Investment Research raised S & T Bancorp from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Tuesday, October 24th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $41.50 price target on shares of S & T Bancorp in a research report on Friday, October 20th. Boenning Scattergood reissued a “hold” rating on shares of S & T Bancorp in a research report on Friday, October 20th. Piper Jaffray Companies reissued a “hold” rating and set a $36.50 price target on shares of S & T Bancorp in a research report on Thursday, October 19th. Finally, BidaskClub raised S & T Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. Five analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus target price of $43.50.

S & T Bancorp (NASDAQ STBA) opened at $39.84 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $1,369.85, a price-to-earnings ratio of 15.86 and a beta of 0.85. S & T Bancorp has a 1 year low of $31.72 and a 1 year high of $43.17.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.21%. The ex-dividend date is Wednesday, February 7th. S & T Bancorp’s payout ratio is 42.11%.

In other S & T Bancorp news, Director James C. Miller sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $39.56, for a total transaction of $197,800.00. Following the completion of the transaction, the director now owns 44,176 shares of the company’s stock, valued at $1,747,602.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.71% of the company’s stock.

Large investors have recently made changes to their positions in the company. Advisor Group Inc. grew its position in shares of S & T Bancorp by 1.1% in the second quarter. Advisor Group Inc. now owns 4,894 shares of the financial services provider’s stock valued at $175,000 after purchasing an additional 53 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of S & T Bancorp in the third quarter valued at $216,000. Crossmark Global Holdings Inc. purchased a new stake in shares of S & T Bancorp in the third quarter valued at $236,000. Susquehanna International Group LLP purchased a new stake in shares of S & T Bancorp in the second quarter valued at $248,000. Finally, SG Americas Securities LLC purchased a new stake in shares of S & T Bancorp in the third quarter valued at $292,000. 55.65% of the stock is owned by institutional investors and hedge funds.

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S & T Bancorp Company Profile

S&T Bancorp, Inc (S&T) is a bank holding company. The Company operates through three segments: Community Banking, Wealth Management and Insurance. The Community Banking segment offers services, which include accepting time and demand deposits, and originating commercial and consumer loans. The Wealth Management segment offers brokerage services, serves as executor and trustee under wills and deeds and as guardian and custodian of employee benefits and provides other trust services.

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