Analysts predict that S & T Bancorp Inc (NASDAQ:STBA) will post $0.74 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for S & T Bancorp’s earnings. The lowest EPS estimate is $0.71 and the highest is $0.76. S & T Bancorp reported earnings per share of $0.75 in the same quarter last year, which suggests a negative year-over-year growth rate of 1.3%. The business is expected to report its next quarterly earnings results on Thursday, April 18th.

According to Zacks, analysts expect that S & T Bancorp will report full-year earnings of $3.10 per share for the current financial year, with EPS estimates ranging from $3.00 to $3.19. For the next fiscal year, analysts anticipate that the company will post earnings of $3.24 per share, with EPS estimates ranging from $3.15 to $3.40. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow S & T Bancorp.

S & T Bancorp (NASDAQ:STBA) last released its quarterly earnings results on Thursday, January 31st. The financial services provider reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The business had revenue of $70.94 million during the quarter, compared to analysts’ expectations of $72.94 million. S & T Bancorp had a net margin of 31.07% and a return on equity of 11.52%.

A number of brokerages have recently weighed in on STBA. BidaskClub lowered S & T Bancorp from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Zacks Investment Research lowered S & T Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, February 2nd. Boenning Scattergood reissued a “hold” rating on shares of S & T Bancorp in a report on Thursday, January 31st. Finally, ValuEngine raised S & T Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, November 8th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $51.00.

Shares of STBA stock traded up $0.36 during mid-day trading on Monday, reaching $39.88. The stock had a trading volume of 776 shares, compared to its average volume of 79,541. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $1.38 billion, a PE ratio of 13.21, a P/E/G ratio of 1.28 and a beta of 0.67. S & T Bancorp has a 1-year low of $35.16 and a 1-year high of $47.77.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Thursday, February 14th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend is Wednesday, February 13th. S & T Bancorp’s dividend payout ratio is presently 35.88%.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in S & T Bancorp by 2.1% during the fourth quarter. BlackRock Inc. now owns 5,146,026 shares of the financial services provider’s stock worth $194,726,000 after acquiring an additional 107,822 shares during the period. Vanguard Group Inc. grew its holdings in S & T Bancorp by 2.4% during the third quarter. Vanguard Group Inc. now owns 3,504,643 shares of the financial services provider’s stock worth $151,961,000 after acquiring an additional 82,592 shares during the period. Vanguard Group Inc grew its holdings in S & T Bancorp by 2.4% during the third quarter. Vanguard Group Inc now owns 3,504,643 shares of the financial services provider’s stock worth $151,961,000 after acquiring an additional 82,592 shares during the period. Northern Trust Corp grew its holdings in S & T Bancorp by 0.9% during the second quarter. Northern Trust Corp now owns 948,156 shares of the financial services provider’s stock worth $40,999,000 after acquiring an additional 8,222 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in S & T Bancorp by 3.8% during the third quarter. Bank of New York Mellon Corp now owns 505,405 shares of the financial services provider’s stock worth $21,914,000 after acquiring an additional 18,706 shares during the period. 61.12% of the stock is currently owned by institutional investors and hedge funds.

S & T Bancorp Company Profile

S&T Bancorp, Inc operates as the bank holding company for S&T Bank that provides retail and commercial banking products and services. The company accepts time and demand deposits; and offers commercial and consumer loans, cash management services, and brokerage and trust services, as well as acts as guardian and custodian of employee benefits.

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Earnings History and Estimates for S & T Bancorp (NASDAQ:STBA)

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