S&T Bancorp (NASDAQ:STBA) Releases Quarterly Earnings Results, Beats Estimates By $0.08 EPS

S&T Bancorp (NASDAQ:STBA) issued its earnings results on Thursday. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.08, Zacks reports. S&T Bancorp had a return on equity of 10.25% and a net margin of 23.69%.

S&T Bancorp Trading Up 0.9 %

STBA opened at $38.38 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.08. S&T Bancorp has a 52 week low of $28.83 and a 52 week high of $45.79. The stock has a market cap of $1.47 billion, a PE ratio of 10.93 and a beta of 0.84. The business has a 50 day moving average of $39.72 and a 200-day moving average of $40.64.

S&T Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.54%. S&T Bancorp’s dividend payout ratio (DPR) is 38.75%.

Insider Buying and Selling

In related news, Director Frank J. Palermo, Jr. sold 4,982 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $43.21, for a total transaction of $215,272.22. Following the sale, the director now owns 23,143 shares of the company’s stock, valued at $1,000,009.03. The trade was a 17.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.38% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of S&T Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, October 24th.

S&T Bancorp Company Profile

S&T Bancorp, Inc is a bank holding company, which engages in the provision of consumer, commercial, and small business banking services. It operates through the following segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.