S&T Bancorp, Inc. (NASDAQ:STBA – Get Free Report) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Shareholders of record on Thursday, May 9th will be given a dividend of 0.33 per share by the financial services provider on Thursday, May 23rd. This represents a $1.32 annualized dividend and a yield of 4.26%. The ex-dividend date is Wednesday, May 8th.
S&T Bancorp has increased its dividend payment by an average of 4.8% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. S&T Bancorp has a payout ratio of 44.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect S&T Bancorp to earn $2.96 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 44.6%.
S&T Bancorp Trading Down 0.9 %
S&T Bancorp stock opened at $31.00 on Friday. The business has a 50 day moving average price of $30.92 and a two-hundred day moving average price of $30.53. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 8.78 and a beta of 0.77. S&T Bancorp has a 12 month low of $24.51 and a 12 month high of $36.28.
Analyst Ratings Changes
Separately, StockNews.com cut S&T Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, April 2nd.
Check Out Our Latest Stock Analysis on STBA
S&T Bancorp Company Profile
S&T Bancorp, Inc operates as the bank holding company for S&T Bank that engages in the provision of retail and commercial banking products and services. The company operates through six segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.
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