Brokerages expect S & T Bancorp Inc (NASDAQ:STBA) to post sales of $72.39 million for the current quarter, according to Zacks. Four analysts have issued estimates for S & T Bancorp’s earnings. The lowest sales estimate is $71.20 million and the highest is $73.65 million. S & T Bancorp posted sales of $70.72 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.4%. The company is scheduled to issue its next earnings report before the market opens on Thursday, April 18th.
According to Zacks, analysts expect that S & T Bancorp will report full-year sales of $297.33 million for the current financial year, with estimates ranging from $291.40 million to $301.77 million. For the next fiscal year, analysts expect that the firm will post sales of $311.74 million, with estimates ranging from $304.00 million to $319.83 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover S & T Bancorp.
S & T Bancorp (NASDAQ:STBA) last announced its earnings results on Thursday, January 31st. The financial services provider reported $0.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.01). S & T Bancorp had a return on equity of 11.52% and a net margin of 31.07%. The firm had revenue of $70.94 million for the quarter, compared to the consensus estimate of $72.94 million.
Several equities research analysts recently commented on STBA shares. Zacks Investment Research raised S & T Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, March 16th. BidaskClub cut S & T Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. Finally, Boenning Scattergood reissued a “hold” rating on shares of S & T Bancorp in a report on Thursday, January 31st. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $51.00.
In other S & T Bancorp news, Director James Thomas Gibson purchased 12,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were purchased at an average price of $38.89 per share, for a total transaction of $466,680.00. Following the completion of the transaction, the director now owns 201,780 shares in the company, valued at approximately $7,847,224.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.53% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Huntington National Bank purchased a new position in S & T Bancorp during the 4th quarter worth approximately $57,000. Denali Advisors LLC grew its position in S & T Bancorp by 3,853.2% during the 1st quarter. Denali Advisors LLC now owns 4,309 shares of the financial services provider’s stock worth $170,000 after purchasing an additional 4,200 shares in the last quarter. Millennium Management LLC grew its position in S & T Bancorp by 47.0% during the 4th quarter. Millennium Management LLC now owns 6,931 shares of the financial services provider’s stock worth $262,000 after purchasing an additional 2,216 shares in the last quarter. Fort Pitt Capital Group LLC purchased a new position in S & T Bancorp during the 4th quarter worth approximately $311,000. Finally, Piedmont Investment Advisors Inc. grew its position in S & T Bancorp by 3.3% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 8,321 shares of the financial services provider’s stock worth $315,000 after purchasing an additional 267 shares in the last quarter. Hedge funds and other institutional investors own 62.69% of the company’s stock.
Shares of NASDAQ:STBA opened at $39.89 on Tuesday. S & T Bancorp has a 12 month low of $35.16 and a 12 month high of $47.77. The company has a market cap of $1.39 billion, a P/E ratio of 13.23, a PEG ratio of 1.30 and a beta of 0.71. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12.
S & T Bancorp Company Profile
S&T Bancorp, Inc operates as the bank holding company for S&T Bank that provides retail and commercial banking products and services. The company accepts time and demand deposits; and offers commercial and consumer loans, cash management services, and brokerage and trust services, as well as acts as guardian and custodian of employee benefits.
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