S & T Bancorp (NASDAQ:STBA) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

S & T Bancorp (NASDAQ:STBA) released its quarterly earnings data on Thursday. The financial services provider reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.04, Fidelity Earnings reports. The company had revenue of $85.37 million during the quarter, compared to the consensus estimate of $83.35 million. S & T Bancorp had a net margin of 7.60% and a return on equity of 7.66%.

NASDAQ:STBA traded up $0.36 during trading hours on Friday, hitting $21.50. The stock had a trading volume of 296,070 shares, compared to its average volume of 175,675. The company has a 50 day simple moving average of $22.56 and a two-hundred day simple moving average of $28.11. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.97 and a quick ratio of 0.97. S & T Bancorp has a one year low of $18.97 and a one year high of $41.53. The firm has a market capitalization of $843.72 million, a price-to-earnings ratio of 23.89 and a beta of 0.66.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 5.21%. The ex-dividend date of this dividend is Wednesday, August 12th. S & T Bancorp’s payout ratio is 36.25%.

In other news, Director Jerry Delmar Hostetter purchased 5,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was purchased at an average cost of $20.38 per share, with a total value of $101,900.00. Following the acquisition, the director now directly owns 17,467 shares in the company, valued at $355,977.46. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 2.18% of the stock is owned by company insiders.

Several research firms recently commented on STBA. ValuEngine raised shares of S & T Bancorp from a “sell” rating to a “hold” rating in a report on Monday, July 13th. Zacks Investment Research downgraded shares of S & T Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, July 23rd. BidaskClub downgraded shares of S & T Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 8th. Finally, Stephens began coverage on shares of S & T Bancorp in a report on Monday, June 1st. They issued an “equal weight” rating and a $27.50 price target for the company.

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 for S & T Bancorp (NASDAQ:STBA)

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