S&T Bancorp (STBA) Scheduled to Post Earnings on Thursday

S&T Bancorp (NASDAQ:STBA) is scheduled to issue its quarterly earnings data before the market opens on Thursday, October 17th. Analysts expect the company to announce earnings of $0.82 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

S&T Bancorp (NASDAQ:STBA) last issued its earnings results on Thursday, July 18th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.14. The business had revenue of $142.07 million during the quarter, compared to analyst estimates of $95.85 million. S&T Bancorp had a return on equity of 10.63% and a net margin of 24.20%. During the same quarter in the prior year, the firm earned $0.89 earnings per share. On average, analysts expect S&T Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

S&T Bancorp Stock Up 1.0 %

Shares of STBA opened at $41.20 on Tuesday. The firm has a market cap of $1.58 billion, a P/E ratio of 11.67 and a beta of 0.79. The stock has a 50 day simple moving average of $41.24 and a two-hundred day simple moving average of $36.16. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.99. S&T Bancorp has a 1 year low of $24.51 and a 1 year high of $45.79.

S&T Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.20%. The ex-dividend date was Thursday, August 8th. S&T Bancorp’s dividend payout ratio is currently 37.39%.

Analysts Set New Price Targets

STBA has been the subject of several research reports. DA Davidson upped their target price on S&T Bancorp from $32.00 to $41.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. StockNews.com downgraded S&T Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd.

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.