S&T Bancorp (NASDAQ:STBA) to Buyback $100.00 million in Shares

S&T Bancorp (NASDAQ:STBA) announced that its Board of Directors has authorized a share repurchase program on Thursday, January 22nd, RTT News reports. The company plans to repurchase $100.00 million in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 6.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

S&T Bancorp Stock Performance

Shares of STBA opened at $41.08 on Friday. The company has a 50-day moving average of $40.32 and a two-hundred day moving average of $38.73. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 11.74 and a beta of 0.92. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.00 and a quick ratio of 1.00. S&T Bancorp has a one year low of $30.84 and a one year high of $43.90.

S&T Bancorp (NASDAQ:STBA) last released its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.89. S&T Bancorp had a net margin of 23.61% and a return on equity of 9.25%. The business had revenue of $105.29 million for the quarter, compared to analyst estimates of $103.46 million. On average, equities research analysts expect that S&T Bancorp will post 3.05 earnings per share for the current year.

S&T Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Thursday, November 13th were issued a $0.36 dividend. The ex-dividend date was Thursday, November 13th. This is an increase from S&T Bancorp’s previous quarterly dividend of $0.34. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.5%. S&T Bancorp’s dividend payout ratio is currently 41.14%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on STBA shares. Piper Sandler decreased their price target on S&T Bancorp from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. Keefe, Bruyette & Woods boosted their target price on shares of S&T Bancorp from $41.00 to $42.00 and gave the stock a “market perform” rating in a report on Friday, October 24th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of S&T Bancorp in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, S&T Bancorp presently has an average rating of “Hold” and a consensus target price of $41.00.

Key S&T Bancorp News

Here are the key news stories impacting S&T Bancorp this week:

• Positive Sentiment: Board authorizes $100M buyback (~6.2% of shares) — a strong capital return signal that can support the stock and EPS over time. PR Newswire: Buyback
• Positive Sentiment: Q4 results: EPS $0.89 (in line with consensus) and revenue $105.29M (above consensus $103.46M); net income $34.0M—shows solid topline and profitability for the quarter. PR Newswire: Q4 Results
• Positive Sentiment: Earnings call highlighted profit improvement and credit cleanup — progress on asset quality and cost/profit drivers can reduce investor uncertainty if trends continue. TipRanks: Call Highlights
• Neutral Sentiment: Coverage/analysis notes: Zacks pieces discuss the dividend potential and walk through Q4 metrics — useful context for income‑oriented investors but not a catalyst by itself. Zacks: Dividend Stock Analysis
• Neutral Sentiment: Full call transcript and earnings snapshots are available for deeper review of guidance, credit commentary and line‑item detail. Seeking Alpha: Transcript
• Negative Sentiment: Shares moved lower today on higher-than-average volume despite the buyback and revenue beat — likely profit‑taking or broader market/bank‑sector pressure; keep an eye on whether buybacks are executed and future guidance. MarketBeat: STBA Quote

Insider Activity

In other S&T Bancorp news, Director Jeffrey D. Grube bought 2,500 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The stock was acquired at an average price of $36.55 per share, with a total value of $91,375.00. Following the completion of the transaction, the director directly owned 44,985 shares in the company, valued at approximately $1,644,201.75. This represents a 5.88% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.23% of the stock is owned by insiders.

S&T Bancorp Company Profile

S&T Bancorp, Inc is a bank holding company headquartered in Indiana, Pennsylvania, serving as the parent of S&T Bank. Established as a banking organization in 1902 with the holding company formation following in the early 1980s, S&T Bancorp has built its reputation on delivering community-oriented financial services. The company operates under the NASDAQ ticker STBA, maintaining a focus on personalized banking solutions and local decision-making.

The company’s main business activities encompass a full suite of retail and commercial banking products.