Equities research analysts expect S & T Bancorp Inc (NASDAQ:STBA) to announce sales of $70.31 million for the current quarter, Zacks reports. Two analysts have provided estimates for S & T Bancorp’s earnings, with the lowest sales estimate coming in at $70.20 million and the highest estimate coming in at $70.42 million. S & T Bancorp reported sales of $66.87 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.1%. The firm is scheduled to announce its next earnings results on Thursday, April 19th.
According to Zacks, analysts expect that S & T Bancorp will report full year sales of $70.31 million for the current fiscal year, with estimates ranging from $287.19 million to $287.50 million. For the next financial year, analysts anticipate that the business will report sales of $303.69 million per share, with estimates ranging from $303.69 million to $303.70 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for S & T Bancorp.
S & T Bancorp (NASDAQ:STBA) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $70.48 million for the quarter, compared to analysts’ expectations of $74.58 million.
Shares of S & T Bancorp (NASDAQ STBA) opened at $39.17 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.11. S & T Bancorp has a twelve month low of $31.72 and a twelve month high of $43.17. The stock has a market capitalization of $1,370.20, a PE ratio of 18.74 and a beta of 0.85.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Thursday, February 8th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Wednesday, February 7th. S & T Bancorp’s payout ratio is 42.11%.
In other news, Director James C. Miller sold 5,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 44,176 shares in the company, valued at approximately $1,747,602.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.71% of the company’s stock.
Institutional investors have recently modified their holdings of the company. TIAA CREF Investment Management LLC boosted its holdings in shares of S & T Bancorp by 1.4% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 101,339 shares of the financial services provider’s stock worth $3,634,000 after purchasing an additional 1,407 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of S & T Bancorp by 80.3% during the 3rd quarter. Mutual of America Capital Management LLC now owns 88,471 shares of the financial services provider’s stock worth $3,502,000 after purchasing an additional 39,400 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of S & T Bancorp by 7.1% during the 3rd quarter. Prudential Financial Inc. now owns 258,088 shares of the financial services provider’s stock worth $10,215,000 after purchasing an additional 17,050 shares during the last quarter. Maltese Capital Management LLC boosted its holdings in shares of S & T Bancorp by 3.9% during the 3rd quarter. Maltese Capital Management LLC now owns 129,837 shares of the financial services provider’s stock worth $5,139,000 after purchasing an additional 4,837 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of S & T Bancorp by 55.0% during the 2nd quarter. Royal Bank of Canada now owns 19,443 shares of the financial services provider’s stock worth $697,000 after purchasing an additional 6,898 shares during the last quarter. Institutional investors and hedge funds own 55.65% of the company’s stock.
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About S & T Bancorp
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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