S&T Bancorp, Inc. (STBA) Set to Announce Quarterly Earnings on Wednesday
S&T Bancorp, Inc. (NASDAQ:STBA) will be issuing its quarterly earnings data before the market opens on Wednesday, October 18th. Analysts expect the company to announce earnings of $0.58 per share for the quarter.
S&T Bancorp (NASDAQ:STBA) last issued its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.09. The company had revenue of $72.84 million during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the firm posted $0.49 earnings per share. On average, analysts expect S&T Bancorp to post $2.30 EPS for the current fiscal year and $2.45 EPS for the next fiscal year.
Shares of S&T Bancorp, Inc. (NASDAQ:STBA) opened at 41.28 on Wednesday. The firm has a market cap of $1.44 billion, a PE ratio of 18.15 and a beta of 0.86. The stock has a 50 day moving average price of $37.59 and a 200 day moving average price of $36.01. S&T Bancorp, Inc. has a 52 week low of $25.85 and a 52 week high of $41.38.
A number of research firms have recently weighed in on STBA. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $38.00 target price on shares of S&T Bancorp in a research note on Tuesday, October 3rd. BidaskClub raised S&T Bancorp from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Finally, Zacks Investment Research lowered S&T Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $37.67.
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In related news, insider Thomas J. Sposito II sold 1,250 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $35.29, for a total transaction of $44,112.50. Following the transaction, the insider now owns 25,488 shares in the company, valued at approximately $899,471.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frank W. Jones sold 1,075 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $37.67, for a total value of $40,495.25. Following the transaction, the director now owns 25,065 shares in the company, valued at approximately $944,198.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,739 shares of company stock worth $239,098. 2.71% of the stock is owned by company insiders.
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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