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

S&T Bancorp, Inc. (NASDAQ:STBA) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Tuesday, August 18th will be given 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 of this dividend is Tuesday, August 18th.

S&T Bancorp has raised its dividend payment 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 Stock Performance

NASDAQ STBA opened at $52.60 on Thursday. The firm has a market cap of $1.89 billion, a P/E ratio of 13.99 and a beta of 0.85. S&T Bancorp has a 52-week low of $34.38 and a 52-week high of $53.50. The business’s 50-day moving average price is $48.74 and its 200 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 (NASDAQ:STBA) last posted 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. S&T Bancorp had a return on equity of 9.74% and a net margin of 24.51%.The firm had revenue of $105.24 million during the quarter, compared to the consensus estimate of $104.43 million. On average, equities research analysts expect that S&T Bancorp will post 3.93 earnings per share for the current year.

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.