S&T Bancorp Inc. (STBA) Shares Up 1.8%
S&T Bancorp Inc. (NASDAQ:STBA) shares shot up 1.8% during mid-day trading on Wednesday . The stock traded as high as $28.12 and last traded at $28.04, with a volume of 68,259 shares traded. The stock had previously closed at $27.55.
Separately, Zacks Investment Research raised S&T Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, August 18th.
The stock has a market capitalization of $979.04 million and a PE ratio of 14.10. The stock has a 50-day moving average of $25.85 and a 200 day moving average of $25.55.
S&T Bancorp (NASDAQ:STBA) last announced its quarterly earnings results on Thursday, July 21st. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.49. On average, equities research analysts expect that S&T Bancorp Inc. will post $1.96 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 18th. Stockholders of record on Thursday, August 4th were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, August 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.71%.
S&T Bancorp, Inc (S&T) is a bank holding company. The Company operates through its three subsidiaries: S&T Bank, 9th Street Holdings, Inc and STBA Capital Trust I. S&T operates in three segments: Community Banking, Wealth Management and Insurance. The Company’s community banking segment offers services, which include accepting time and demand deposits, and originating commercial and consumer loans.
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