Zacks: Brokerages Expect S & T Bancorp Inc (STBA) to Post $0.66 EPS

Analysts forecast that S & T Bancorp Inc (NASDAQ:STBA) will announce $0.66 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for S & T Bancorp’s earnings. The highest EPS estimate is $0.73 and the lowest is $0.60. S & T Bancorp posted earnings of $0.52 per share in the same quarter last year, which would indicate a positive year over year growth rate of 26.9%. The firm is scheduled to announce its next earnings report on Thursday, April 19th.

On average, analysts expect that S & T Bancorp will report full year earnings of $2.71 per share for the current year, with EPS estimates ranging from $2.44 to $2.96. For the next year, analysts forecast that the business will post earnings of $2.85 per share, with EPS estimates ranging from $2.48 to $3.14. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms 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 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. S & T Bancorp had a net margin of 23.08% and a return on equity of 9.88%. The company had revenue of $70.48 million during the quarter, compared to analyst estimates of $74.58 million.

A number of equities analysts have recently commented on STBA shares. Keefe, Bruyette & Woods restated a “hold” rating and issued a $41.50 price objective on shares of S & T Bancorp in a research report on Friday, October 20th. Zacks Investment Research upgraded shares of S & T Bancorp from a “hold” rating to a “strong-buy” rating and set a $47.00 price objective for the company in a research report on Saturday, December 23rd. Boenning Scattergood restated a “hold” rating on shares of S & T Bancorp in a research report on Friday, October 20th. BidaskClub lowered shares of S & T Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $36.50 price objective on shares of S & T Bancorp in a research report on Thursday, October 19th. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. S & T Bancorp has a consensus rating of “Hold” and an average target price of $43.50.

S & T Bancorp (NASDAQ STBA) traded up $0.67 during mid-day trading on Monday, hitting $39.18. 131,500 shares of the stock were exchanged, compared to its average volume of 95,030. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.97. S & T Bancorp has a one year low of $31.72 and a one year high of $43.17. The company has a market capitalization of $1,370.20, a price-to-earnings ratio of 18.75 and a beta of 0.85.

The business also recently announced 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. The ex-dividend date is Wednesday, February 7th. This represents a $0.88 annualized dividend and a yield of 2.25%. S & T Bancorp’s payout ratio is presently 42.11%.

In other S & T Bancorp news, CEO Todd D. Brice sold 5,000 shares of S & T Bancorp stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $40.38, for a total transaction of $201,900.00. Following the completion of the sale, the chief executive officer now directly owns 85,989 shares in the company, valued at $3,472,235.82. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.71% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in shares of S & T Bancorp by 2.3% during the fourth quarter. BlackRock Inc. now owns 4,460,718 shares of the financial services provider’s stock worth $177,581,000 after acquiring an additional 101,676 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of S & T Bancorp by 2.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,708,404 shares of the financial services provider’s stock worth $67,618,000 after acquiring an additional 45,817 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of S & T Bancorp by 11.0% during the third quarter. Macquarie Group Ltd. now owns 1,164,433 shares of the financial services provider’s stock worth $46,088,000 after acquiring an additional 115,210 shares in the last quarter. Northern Trust Corp raised its stake in shares of S & T Bancorp by 1.8% during the second quarter. Northern Trust Corp now owns 951,893 shares of the financial services provider’s stock worth $34,134,000 after acquiring an additional 16,887 shares in the last quarter. Finally, State Street Corp raised its stake in shares of S & T Bancorp by 2.8% during the second quarter. State Street Corp now owns 840,779 shares of the financial services provider’s stock worth $30,152,000 after acquiring an additional 23,227 shares in the last quarter. Institutional investors and hedge funds own 55.65% of the company’s stock.

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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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