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

S&T Bancorp (NASDAQ:STBA) issued its earnings results on Thursday. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.08, Zacks reports. S&T Bancorp had a net margin of 23.69% and a return on equity of 10.25%.

S&T Bancorp Stock Performance

STBA stock opened at $38.38 on Friday. The company has a market cap of $1.47 billion, a P/E ratio of 10.93 and a beta of 0.84. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.99 and a quick ratio of 0.99. S&T Bancorp has a 1 year low of $28.83 and a 1 year high of $45.79. The stock’s fifty day moving average price is $39.72 and its 200-day moving average price is $40.64.

S&T Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.36 annualized dividend and a dividend yield of 3.54%. S&T Bancorp’s payout ratio is 38.75%.

Insider Buying and Selling at S&T Bancorp

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

Wall Street Analyst Weigh In

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

About S&T Bancorp

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.