S&T Bancorp, Inc. (STBA) To Go Ex-Dividend on May 14th

S&T Bancorp, Inc. (NASDAQ:STBA) declared a quarterly dividend on Wednesday, April 29th. Stockholders of record on Thursday, May 14th will be given a dividend of 0.37 per share by the financial services provider on Thursday, May 28th. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, May 14th. This is a 2.8% increase from S&T Bancorp’s previous quarterly dividend of $0.36.

S&T Bancorp has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 13 years. S&T Bancorp has a payout ratio of 43.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect S&T Bancorp to earn $3.81 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 38.8%.

S&T Bancorp Stock Down 1.1%

S&T Bancorp stock opened at $44.03 on Tuesday. The stock has a market capitalization of $1.61 billion, a PE ratio of 12.33 and a beta of 0.85. S&T Bancorp has a twelve month low of $34.01 and a twelve month high of $45.17. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average of $42.46 and a 200-day moving average of $41.24.

S&T Bancorp (NASDAQ:STBA) last released its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.07. The company had revenue of $102.08 million during the quarter, compared to analysts’ expectations of $103.62 million. S&T Bancorp had a net margin of 23.71% and a return on equity of 9.35%. On average, equities research analysts anticipate that S&T Bancorp will post 3.75 EPS for the current fiscal year.

S&T Bancorp Company Profile

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.