S&T Bancorp (NASDAQ:STBA) Issues Quarterly Earnings Results, Beats Expectations By $0.08 EPS

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

S&T Bancorp Price Performance

NASDAQ STBA traded up $0.30 on Thursday, reaching $38.34. 9,403 shares of the stock traded hands, compared to its average volume of 145,532. S&T Bancorp has a 12 month low of $28.83 and a 12 month high of $45.79. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 10.99 and a beta of 0.84. The firm’s fifty day simple moving average is $39.72 and its 200 day simple moving average is $40.64. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.08.

S&T Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.55%. S&T Bancorp’s dividend payout ratio (DPR) is 38.75%.

Insider Activity

In other S&T Bancorp news, Director Frank J. Palermo, Jr. sold 4,982 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $43.21, for a total value of $215,272.22. Following the sale, the director now directly owns 23,143 shares in the company, valued at approximately $1,000,009.03. The trade was a 17.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.38% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.