S&T Bancorp, Inc. (STBA) To Go Ex-Dividend on August 18th

S&T Bancorp, Inc. (NASDAQ:STBA) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Tuesday, August 18th will be given a dividend of 0.37 per share by the financial services provider on Thursday, August 27th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, August 18th.

S&T Bancorp has increased its dividend by an average of 0.0%per year over the last three years and has raised 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 $4.00 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 37.0%.

S&T Bancorp Trading Down 1.8%

STBA stock opened at $51.65 on Friday. S&T Bancorp has a one year low of $34.38 and a one year high of $53.50. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 13.74 and a beta of 0.85. The company has a fifty day moving average price of $48.87 and a two-hundred day moving average price of $45.04. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.99.

S&T Bancorp (NASDAQ:STBA) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.10. The company had revenue of $105.24 million during the quarter, compared to analysts’ expectations of $104.43 million. S&T Bancorp had a net margin of 24.51% and a return on equity of 9.74%. Equities analysts anticipate that S&T Bancorp will post 3.93 EPS for the current year.

Institutional Trading of S&T Bancorp

Several institutional investors have recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in 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 buying an additional 1,206 shares during the period. AQR Capital Management LLC lifted its position in shares of 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 purchasing an additional 12,810 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in 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 lifted its holdings in 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 buying an additional 7,286 shares during the period. Finally, Jane Street Group LLC bought a new stake in S&T Bancorp during the first quarter valued at $4,211,000. Institutional investors own 65.22% of the company’s stock.

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.