S&T Bancorp (NASDAQ:STBA) Issues Quarterly Earnings Results

S&T Bancorp (NASDAQ:STBA) 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

Separately, StockNews.com cut S&T Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday.

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.