DA Davidson Brokers Lift Earnings Estimates for S&T Bancorp

S&T Bancorp, Inc. (NASDAQ:STBA) – DA Davidson increased their FY2025 EPS estimates for shares of S&T Bancorp in a research note issued on Monday, February 3rd. DA Davidson analyst M. Navas now expects that the financial services provider will earn $3.05 per share for the year, up from their prior estimate of $2.95. The consensus estimate for S&T Bancorp’s current full-year earnings is $3.03 per share.

Separately, StockNews.com raised shares of S&T Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th.

S&T Bancorp Trading Up 1.4 %

STBA opened at $41.22 on Wednesday. The stock has a market capitalization of $1.58 billion, a PE ratio of 12.09 and a beta of 0.84. S&T Bancorp has a one year low of $28.83 and a one year high of $45.79. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.99 and a current ratio of 0.99. The business’s 50 day moving average price is $39.34 and its 200 day moving average price is $40.66.

S&T Bancorp (NASDAQ:STBA) last issued its earnings results on Thursday, January 30th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.08. S&T Bancorp had a return on equity of 9.77% and a net margin of 23.24%.

S&T Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Thursday, February 13th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.30%. The ex-dividend date is Thursday, February 13th. S&T Bancorp’s payout ratio is currently 39.88%.

Insiders Place Their Bets

In other news, Director Frank J. Palermo, Jr. sold 4,982 shares of S&T Bancorp stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $43.21, for a total value of $215,272.22. Following the completion of the transaction, the director now owns 23,143 shares in the company, valued at approximately $1,000,009.03. This trade represents a 17.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.38% of the stock is owned by company insiders.

Institutional Investors Weigh In On S&T Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in STBA. Renaissance Technologies LLC acquired a new position in S&T Bancorp in the 2nd quarter valued at about $250,000. AQR Capital Management LLC grew its stake in shares of S&T Bancorp by 37.7% in the 2nd quarter. AQR Capital Management LLC now owns 34,280 shares of the financial services provider’s stock valued at $1,145,000 after purchasing an additional 9,384 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of S&T Bancorp by 2.6% in the second quarter. The Manufacturers Life Insurance Company now owns 19,436 shares of the financial services provider’s stock valued at $649,000 after purchasing an additional 498 shares during the period. GAMMA Investing LLC raised its stake in shares of S&T Bancorp by 80.8% during the third quarter. GAMMA Investing LLC now owns 1,177 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 526 shares during the last quarter. Finally, Sapient Capital LLC acquired a new stake in shares of S&T Bancorp during the third quarter worth $223,000. Institutional investors and hedge funds own 65.22% of the company’s stock.

S&T Bancorp Company Profile

S&T Bancorp, Inc is a bank holding company, which engages in the provision of consumer, commercial, and small business banking services. It operates through the following segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.