S&T Bancorp (NASDAQ:STBA – Get Free Report) announced its quarterly earnings results on Thursday. The financial services provider reported $0.89 EPS for the quarter, beating the consensus estimate of $0.75 by $0.14, Yahoo Finance reports. S&T Bancorp had a return on equity of 10.86% and a net margin of 24.68%. The company had revenue of $142.07 million for the quarter, compared to the consensus estimate of $95.85 million. During the same quarter last year, the company posted $0.89 earnings per share.
S&T Bancorp Stock Performance
Shares of STBA traded up $2.04 during mid-day trading on Friday, hitting $41.58. The company’s stock had a trading volume of 23,477 shares, compared to its average volume of 160,735. The firm has a market capitalization of $1.59 billion, a PE ratio of 11.84 and a beta of 0.81. S&T Bancorp has a one year low of $24.51 and a one year high of $41.59. The stock’s 50-day moving average is $32.50 and its two-hundred day moving average is $31.95. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.98 and a current ratio of 0.98.
S&T Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th were given a $0.33 dividend. The ex-dividend date was Wednesday, May 8th. This represents a $1.32 annualized dividend and a dividend yield of 3.17%. S&T Bancorp’s dividend payout ratio is 37.39%.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on STBA
Insider Buying and Selling
In related news, Director William J. Hieb sold 11,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $31.05, for a total value of $341,550.00. Following the completion of the transaction, the director now directly owns 31,770 shares of the company’s stock, valued at $986,458.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.38% of the stock is owned by company insiders.
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.
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