S&T Bancorp, Inc. (STBA) To Go Ex-Dividend on May 8th

S&T Bancorp, Inc. (NASDAQ:STBA) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Stockholders of record on Thursday, May 9th will be paid a dividend of 0.33 per share by the financial services provider on Thursday, May 23rd. This represents a $1.32 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Wednesday, May 8th.

S&T Bancorp has increased its dividend payment by an average of 4.8% annually over the last three years and has increased its dividend every year for the last 3 years. S&T Bancorp has a payout ratio of 44.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect S&T Bancorp to earn $2.96 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 44.6%.

S&T Bancorp Stock Up 0.1 %

Shares of S&T Bancorp stock opened at $31.55 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 8.94 and a beta of 0.78. The firm’s 50-day moving average is $30.86 and its two-hundred day moving average is $30.71. S&T Bancorp has a 1 year low of $24.51 and a 1 year high of $36.28.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of S&T Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, April 2nd.

S&T Bancorp Company Profile

S&T Bancorp, Inc operates as the bank holding company for S&T Bank that engages in the provision of retail and commercial banking products and services. The company operates through six segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.