S&T Bancorp (NASDAQ:STBA) Earning Somewhat Favorable News Coverage, Report Shows
Headlines about S&T Bancorp (NASDAQ:STBA) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. S&T Bancorp earned a news impact score of 0.16 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.0209434372019 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of S&T Bancorp (NASDAQ:STBA) opened at 35.37 on Friday. The company has a market capitalization of $1.24 billion, a PE ratio of 15.55 and a beta of 0.84. S&T Bancorp has a 1-year low of $25.85 and a 1-year high of $39.84. The company has a 50 day moving average price of $36.67 and a 200 day moving average price of $35.73.
S&T Bancorp (NASDAQ:STBA) last issued its earnings results on Thursday, July 20th. The financial services provider reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.09. S&T Bancorp had a net margin of 26.52% and a return on equity of 9.30%. The business had revenue of $72.84 million for the quarter, compared to the consensus estimate of $71.98 million. During the same period in the prior year, the firm earned $0.49 EPS. Equities analysts predict that S&T Bancorp will post $2.30 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Thursday, August 3rd will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, August 1st. This represents a $0.80 dividend on an annualized basis and a yield of 2.26%. S&T Bancorp’s payout ratio is 35.24%.
A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $38.50 price objective on shares of S&T Bancorp in a research report on Thursday, August 3rd. BidaskClub cut S&T Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research cut S&T Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $37.83.
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In related news, Director Frank W. Jones sold 1,075 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $37.67, for a total transaction of $40,495.25. Following the completion of the sale, the director now owns 25,065 shares of the company’s stock, valued at $944,198.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.31% of the company’s stock.
S&T Bancorp Company Profile
S&T Bancorp, Inc (S&T) is a bank holding company. The Company operates through three segments: Community Banking, Wealth Management and Insurance. The Community Banking segment offers services, which include accepting time and demand deposits, and originating commercial and consumer loans. The Wealth Management segment offers brokerage services, serves as executor and trustee under wills and deeds and as guardian and custodian of employee benefits and provides other trust services.
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