S&T Bancorp, Inc. Announces Quarterly Dividend of $0.36 (NASDAQ:STBA)

S&T Bancorp, Inc. (NASDAQ:STBA) declared a quarterly dividend on Wednesday, January 28th. Investors of record on Thursday, February 12th will be given a dividend of 0.36 per share by the financial services provider on Thursday, February 26th. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date is Thursday, February 12th.

S&T Bancorp has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 13 consecutive years. S&T Bancorp has a payout ratio of 42.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect S&T Bancorp to earn $3.29 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 43.8%.

S&T Bancorp Stock Up 0.6%

S&T Bancorp stock traded up $0.25 during mid-day trading on Thursday, hitting $41.94. The company’s stock had a trading volume of 76,995 shares, compared to its average volume of 154,842. S&T Bancorp has a 52-week low of $30.84 and a 52-week high of $43.90. The company has a market cap of $1.60 billion, a PE ratio of 11.97 and a beta of 0.92. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.00 and a quick ratio of 1.00. The firm’s 50 day moving average is $40.59 and its 200 day moving average is $38.78.

S&T Bancorp (NASDAQ:STBA) last posted its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.89. S&T Bancorp had a net margin of 23.61% and a return on equity of 9.25%. The business had revenue of $105.29 million during the quarter, compared to analyst estimates of $103.46 million. On average, analysts anticipate that S&T Bancorp will post 3.05 earnings per share for the current year.

Institutional Investors Weigh In On S&T Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its position in shares of S&T Bancorp by 10.1% during the 1st quarter. Royal Bank of Canada now owns 13,147 shares of the financial services provider’s stock worth $487,000 after purchasing an additional 1,206 shares during the last quarter. AQR Capital Management LLC increased its position in S&T Bancorp by 54.9% in the 1st quarter. AQR Capital Management LLC now owns 36,148 shares of the financial services provider’s stock worth $1,339,000 after buying an additional 12,810 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of S&T Bancorp by 5.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,756 shares of the financial services provider’s stock worth $843,000 after buying an additional 1,086 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of S&T Bancorp by 7.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,837 shares of the financial services provider’s stock valued at $3,884,000 after acquiring an additional 7,286 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of S&T Bancorp in the first quarter worth $4,211,000. 65.22% of the stock is owned by institutional investors and hedge funds.

About S&T Bancorp

S&T Bancorp, Inc is a bank holding company headquartered in Indiana, Pennsylvania, serving as the parent of S&T Bank. Established as a banking organization in 1902 with the holding company formation following in the early 1980s, S&T Bancorp has built its reputation on delivering community-oriented financial services. The company operates under the NASDAQ ticker STBA, maintaining a focus on personalized banking solutions and local decision-making.

The company’s main business activities encompass a full suite of retail and commercial banking products.