S&T Bancorp (STBA) Set to Announce Earnings on Thursday

S&T Bancorp (NASDAQ:STBA) is set to post its quarterly earnings results before the market opens on Thursday, April 18th. Analysts expect S&T Bancorp to post earnings of $0.80 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

S&T Bancorp (NASDAQ:STBA) last posted its earnings results on Thursday, January 25th. The financial services provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. S&T Bancorp had a return on equity of 11.70% and a net margin of 27.03%. The company had revenue of $103.17 million for the quarter, compared to the consensus estimate of $100.10 million. On average, analysts expect S&T Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

S&T Bancorp Stock Performance

Shares of S&T Bancorp stock opened at $29.48 on Thursday. The business’s fifty day simple moving average is $31.30 and its 200-day simple moving average is $30.31. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.13 billion, a PE ratio of 7.88 and a beta of 0.77. S&T Bancorp has a 52 week low of $24.51 and a 52 week high of $36.28.

S&T Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th were given a $0.33 dividend. The ex-dividend date was Wednesday, February 7th. This represents a $1.32 dividend on an annualized basis and a yield of 4.48%. S&T Bancorp’s payout ratio is currently 35.29%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On S&T Bancorp

Several institutional investors and hedge funds have recently modified their holdings of STBA. Captrust Financial Advisors boosted its holdings in S&T Bancorp by 4.7% during the 3rd quarter. Captrust Financial Advisors now owns 8,592 shares of the financial services provider’s stock valued at $252,000 after acquiring an additional 382 shares during the period. Pathstone Family Office LLC increased its stake in S&T Bancorp by 5.4% during the 3rd quarter. Pathstone Family Office LLC now owns 7,699 shares of the financial services provider’s stock worth $226,000 after buying an additional 393 shares during the period. Eaton Vance Management increased its stake in S&T Bancorp by 5.9% during the 1st quarter. Eaton Vance Management now owns 7,784 shares of the financial services provider’s stock worth $230,000 after buying an additional 435 shares during the period. First Trust Advisors LP lifted its holdings in S&T Bancorp by 2.7% during the 1st quarter. First Trust Advisors LP now owns 18,933 shares of the financial services provider’s stock worth $560,000 after buying an additional 494 shares in the last quarter. Finally, FMR LLC boosted its position in S&T Bancorp by 2.8% in the 1st quarter. FMR LLC now owns 18,499 shares of the financial services provider’s stock valued at $582,000 after buying an additional 508 shares during the period. Hedge funds and other institutional investors own 65.22% of the company’s stock.

About S&T Bancorp

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.