S&T Bancorp (NASDAQ:STBA) Hits New 52-Week High Following Strong Earnings

Shares of S&T Bancorp, Inc. (NASDAQ:STBA) hit a new 52-week high during mid-day trading on Thursday following a better than expected earnings announcement. The company traded as high as $51.25 and last traded at $50.7650, with a volume of 274194 shares trading hands. The stock had previously closed at $49.60.

The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.10. The firm had revenue of $105.24 million during the quarter, compared to the consensus estimate of $104.43 million. S&T Bancorp had a net margin of 24.51% and a return on equity of 9.74%.

S&T Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.9%. This is an increase from S&T Bancorp’s previous quarterly dividend of $0.36. The ex-dividend date was Thursday, May 14th. S&T Bancorp’s dividend payout ratio is presently 41.46%.

S&T Bancorp declared that its board has initiated a share repurchase plan on Thursday, July 23rd that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the financial services provider to reacquire up to 5.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

S&T Bancorp News Roundup

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

• Positive Sentiment: S&T Bancorp reported second-quarter earnings and revenue that beat Wall Street expectations, reinforcing confidence in its operating performance.
• Positive Sentiment: The company announced a $100 million share repurchase authorization, a shareholder-friendly move that can help support the stock and reduce share count.
• Positive Sentiment: Management’s earnings-call tone was upbeat, highlighting strong growth and a stable outlook. Article: S&T Bancorp Highlights Strong Growth and Stable Outlook
• Neutral Sentiment: Coverage around the earnings call transcript and snapshot articles adds context but does not appear to introduce new material risks or surprises. Article: S&T Bancorp Inc (STBA) Q2 2026 Earnings Call Highlights

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on STBA shares. Weiss Ratings reiterated a “buy (b)” rating on shares of S&T Bancorp in a research report on Monday, April 27th. Piper Sandler lifted their price target on S&T Bancorp from $45.00 to $51.00 and gave the company a “neutral” rating in a report on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $46.60.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Costello Asset Management INC bought a new stake in shares of S&T Bancorp during the fourth quarter worth $26,000. EverSource Wealth Advisors LLC increased its position in S&T Bancorp by 5,223.5% in the second quarter. EverSource Wealth Advisors LLC now owns 905 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 888 shares during the period. Torren Management LLC bought a new stake in S&T Bancorp during the 4th quarter worth about $37,000. Smithfield Trust Co acquired a new position in S&T Bancorp during the 4th quarter valued at about $40,000. Finally, CIBC Private Wealth Group LLC bought a new position in shares of S&T Bancorp in the 3rd quarter valued at about $50,000. 65.22% of the stock is currently owned by institutional investors.

S&T Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.00 and a current ratio of 0.99. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 13.77 and a beta of 0.84. The firm’s 50-day moving average price is $47.50 and its 200 day moving average price is $44.22.

About S&T Bancorp

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.