S&T Bancorp, Inc. (NASDAQ:STBA) Expected to Post Q2 2024 Earnings of $0.76 Per Share

S&T Bancorp, Inc. (NASDAQ:STBA) – Stock analysts at DA Davidson issued their Q2 2024 earnings estimates for shares of S&T Bancorp in a research report issued to clients and investors on Tuesday, April 23rd. DA Davidson analyst M. Navas expects that the financial services provider will post earnings per share of $0.76 for the quarter. The consensus estimate for S&T Bancorp’s current full-year earnings is $3.00 per share. DA Davidson also issued estimates for S&T Bancorp’s FY2025 earnings at $2.85 EPS.

S&T Bancorp (NASDAQ:STBA) last announced its earnings results on Thursday, January 25th. The financial services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.10. S&T Bancorp had a return on equity of 10.86% and a net margin of 24.68%. The company had revenue of $103.17 million during the quarter, compared to the consensus estimate of $100.10 million.

Separately, StockNews.com cut S&T Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd.

S&T Bancorp Trading Up 0.4 %

Shares of STBA opened at $31.27 on Wednesday. S&T Bancorp has a one year low of $24.51 and a one year high of $36.28. The stock has a 50-day moving average price of $30.96 and a 200 day moving average price of $30.52. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $1.20 billion, a P/E ratio of 8.86 and a beta of 0.77.

Institutional Investors Weigh In On S&T Bancorp

A number of institutional investors have recently modified their holdings of STBA. Norges Bank bought a new stake in S&T Bancorp in the fourth quarter valued at about $9,055,000. Panagora Asset Management Inc. boosted its holdings in shares of S&T Bancorp by 212.9% in the 3rd quarter. Panagora Asset Management Inc. now owns 233,698 shares of the financial services provider’s stock valued at $6,329,000 after buying an additional 159,019 shares during the period. Waldron Private Wealth LLC grew its position in shares of S&T Bancorp by 581.2% during the 3rd quarter. Waldron Private Wealth LLC now owns 146,558 shares of the financial services provider’s stock valued at $3,968,000 after buying an additional 125,042 shares during the last quarter. American Century Companies Inc. raised its stake in S&T Bancorp by 54.4% during the third quarter. American Century Companies Inc. now owns 185,495 shares of the financial services provider’s stock worth $5,023,000 after acquiring an additional 65,375 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in S&T Bancorp by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 4,616,732 shares of the financial services provider’s stock worth $154,291,000 after acquiring an additional 52,075 shares during the last quarter. Institutional investors and hedge funds own 65.22% of the company’s stock.

About S&T Bancorp

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.