Brokerages expect S & T Bancorp Inc (NASDAQ:STBA) to report earnings per share of $0.76 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for S & T Bancorp’s earnings. The highest EPS estimate is $0.77 and the lowest is $0.75. S & T Bancorp reported earnings of $0.65 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 16.9%. The business is expected to report its next quarterly earnings results on Thursday, October 18th.

According to Zacks, analysts expect that S & T Bancorp will report full-year earnings of $2.88 per share for the current year, with EPS estimates ranging from $2.86 to $2.91. For the next fiscal year, analysts expect that the firm will report earnings of $3.15 per share, with EPS estimates ranging from $3.14 to $3.15. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow S & T Bancorp.

S & T Bancorp (NASDAQ:STBA) last issued its quarterly earnings data on Thursday, July 19th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.61. The business had revenue of $70.65 million for the quarter, compared to analysts’ expectations of $70.06 million. S & T Bancorp had a return on equity of 10.41% and a net margin of 24.39%.

STBA has been the topic of a number of recent research reports. ValuEngine cut S & T Bancorp from a “buy” rating to a “hold” rating in a report on Monday, June 11th. BidaskClub lowered S & T Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, August 30th. Zacks Investment Research lowered S & T Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, June 9th. Finally, DA Davidson initiated coverage on S & T Bancorp in a research note on Thursday, August 23rd. They issued a “buy” rating and a $54.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $46.88.

STBA traded down $0.54 during trading on Thursday, reaching $45.35. 38,812 shares of the company were exchanged, compared to its average volume of 93,392. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 18.52 and a beta of 0.62. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 0.97. S & T Bancorp has a 12-month low of $36.41 and a 12-month high of $47.77.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 16th. Shareholders of record on Friday, August 3rd were paid a $0.25 dividend. The ex-dividend date was Thursday, August 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.21%. S & T Bancorp’s dividend payout ratio is currently 40.49%.

In other S & T Bancorp news, Director Frank W. Jones sold 600 shares of the company’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $45.58, for a total value of $27,348.00. Following the transaction, the director now directly owns 24,387 shares in the company, valued at approximately $1,111,559.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James C. Miller sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $46.44, for a total value of $232,200.00. Following the completion of the transaction, the director now owns 39,948 shares in the company, valued at $1,855,185.12. The disclosure for this sale can be found here. 2.71% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. increased its stake in S & T Bancorp by 8.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 24,369 shares of the financial services provider’s stock worth $1,054,000 after acquiring an additional 1,940 shares during the last quarter. California Public Employees Retirement System increased its position in shares of S & T Bancorp by 143.5% during the 2nd quarter. California Public Employees Retirement System now owns 79,449 shares of the financial services provider’s stock valued at $3,435,000 after purchasing an additional 46,820 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in shares of S & T Bancorp during the 2nd quarter valued at about $231,000. Bank of America Corp DE increased its position in shares of S & T Bancorp by 45.7% during the 2nd quarter. Bank of America Corp DE now owns 46,340 shares of the financial services provider’s stock valued at $2,004,000 after purchasing an additional 14,544 shares during the last quarter. Finally, OppenheimerFunds Inc. bought a new position in shares of S & T Bancorp during the 2nd quarter valued at about $205,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

About S & T Bancorp

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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