S&T Bancorp, Inc. (NASDAQ:STBA) Declares Quarterly Dividend of $0.37

S&T Bancorp, Inc. (NASDAQ:STBA) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Tuesday, August 18th will be paid a dividend of 0.37 per share by the financial services provider on Thursday, August 27th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, August 18th.

S&T Bancorp has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 13 years. S&T Bancorp has a dividend payout ratio of 43.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect S&T Bancorp to earn $4.00 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 37.0%.

S&T Bancorp Trading Down 0.2%

Shares of STBA stock opened at $52.60 on Thursday. The firm’s 50 day moving average price is $48.74 and its two-hundred day moving average price is $44.96. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05. S&T Bancorp has a fifty-two week low of $34.38 and a fifty-two week high of $53.50. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 13.99 and a beta of 0.85.

S&T Bancorp (NASDAQ:STBA) last released its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.02 EPS for the quarter, beating the consensus estimate of $0.92 by $0.10. The company had revenue of $105.24 million for the quarter, compared to analyst estimates of $104.43 million. S&T Bancorp had a return on equity of 9.74% and a net margin of 24.51%. On average, analysts anticipate that S&T Bancorp will post 3.93 EPS for the current year.

S&T Bancorp declared that its Board of Directors has approved a share buyback program on Thursday, July 23rd that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the financial services provider to repurchase up to 5.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

S&T Bancorp Company Profile

S&T Bancorp, Inc is a bank holding company headquartered in Indiana, Pennsylvania, serving as the parent of S&T Bank. Established as a banking organization in 1902 with the holding company formation following in the early 1980s, S&T Bancorp has built its reputation on delivering community-oriented financial services. The company operates under the NASDAQ ticker STBA, maintaining a focus on personalized banking solutions and local decision-making.

The company’s main business activities encompass a full suite of retail and commercial banking products.