S&T Bancorp, Inc. (STBA) Declares Dividend Increase – $0.22 Per Share
S&T Bancorp, Inc. (NASDAQ:STBA) announced a quarterly dividend on Tuesday, October 17th, RTT News reports. Shareholders of record on Thursday, November 2nd will be paid a dividend of 0.22 per share by the financial services provider on Thursday, November 16th. This represents a $0.88 annualized dividend and a yield of 2.15%. This is a boost from S&T Bancorp’s previous quarterly dividend of $0.20.
Shares of S&T Bancorp (NASDAQ STBA) traded down 0.22% during midday trading on Tuesday, reaching $40.90. 17,303 shares of the company’s stock traded hands. S&T Bancorp has a 52 week low of $25.85 and a 52 week high of $41.47. The company has a market capitalization of $1.43 billion, a PE ratio of 17.98 and a beta of 0.86. The stock’s 50 day moving average is $38.15 and its 200-day moving average is $36.18.
S&T Bancorp (NASDAQ:STBA) last posted its earnings results on Thursday, July 20th. The financial services provider reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.09. The company had revenue of $72.84 million for the quarter, compared to analyst estimates 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 company earned $0.49 earnings per share. On average, analysts forecast that S&T Bancorp will post $2.30 earnings per share for the current fiscal year.
Several research firms have 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 report on Tuesday, October 3rd. BidaskClub raised S&T Bancorp from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Finally, Zacks Investment Research lowered S&T Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company currently has an average rating of “Hold” and an average price target of $37.67.
ILLEGAL ACTIVITY NOTICE: “S&T Bancorp, Inc. (STBA) Declares Dividend Increase – $0.22 Per Share” was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/10/17/st-bancorp-inc-stba-declares-dividend-increase-0-22-per-share.html.
In related news, Director Frank W. Jones sold 1,075 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $37.67, for a total transaction of $40,495.25. Following the sale, the director now owns 25,065 shares of the company’s stock, valued at $944,198.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert Edward Kane acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were bought at an average cost of $35.10 per share, for a total transaction of $35,100.00. Following the purchase, the director now owns 1,997 shares of the company’s stock, valued at $70,094.70. The disclosure for this purchase can be found here. Insiders sold 6,739 shares of company stock worth $239,098 in the last three months. 2.71% of the stock is owned by corporate 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.
Receive News & Ratings for S&T Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&T Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.