S&T Bancorp, Inc. (NASDAQ:STBA) – Investment analysts at Boenning Scattergood boosted their Q3 2017 earnings per share estimates for S&T Bancorp in a research note issued on Friday. Boenning Scattergood analyst M. Schultheis now anticipates that the financial services provider will earn $0.60 per share for the quarter, up from their previous estimate of $0.59. Boenning Scattergood also issued estimates for S&T Bancorp’s FY2017 earnings at $2.30 EPS.
S&T Bancorp (NASDAQ:STBA) last released its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. The company had revenue of $72.84 million for the quarter, compared to the consensus estimate of $71.98 million. S&T Bancorp had a return on equity of 9.30% and a net margin of 26.52%. During the same period in the previous year, the business earned $0.49 earnings per share.
Several other research analysts have also recently commented on the stock. BidaskClub cut shares of S&T Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Zacks Investment Research cut shares of S&T Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd.
Shares of S&T Bancorp (NASDAQ:STBA) opened at 38.20 on Monday. The firm’s 50-day moving average price is $36.02 and its 200-day moving average price is $35.74. The firm has a market capitalization of $1.34 billion, a P/E ratio of 16.81 and a beta of 0.82. S&T Bancorp has a 12-month low of $24.83 and a 12-month high of $39.84.
Several hedge funds have recently bought and sold shares of STBA. Ameritas Investment Partners Inc. purchased a new stake in S&T Bancorp during the first quarter valued at about $100,000. State of Alaska Department of Revenue raised its stake in S&T Bancorp by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,850 shares of the financial services provider’s stock valued at $133,000 after buying an additional 70 shares in the last quarter. Victory Capital Management Inc. raised its stake in S&T Bancorp by 5.1% in the first quarter. Victory Capital Management Inc. now owns 4,014 shares of the financial services provider’s stock valued at $139,000 after buying an additional 196 shares in the last quarter. OppenheimerFunds Inc. purchased a new stake in S&T Bancorp during the first quarter valued at about $227,000. Finally, BNP Paribas Arbitrage SA raised its stake in S&T Bancorp by 1.5% in the first quarter. BNP Paribas Arbitrage SA now owns 7,422 shares of the financial services provider’s stock valued at $257,000 after buying an additional 112 shares in the last quarter. Institutional investors and hedge funds own 54.18% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Thursday, August 3rd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, August 1st. This represents a $0.80 annualized dividend and a dividend yield of 2.09%. S&T Bancorp’s dividend payout ratio is 35.24%.
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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