S & T Bancorp Inc (NASDAQ:STBA) posted its earnings results on Thursday. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.01. S & T Bancorp had a return on equity of 8.61% and a net margin of 25.28%. During the same period last year, the business earned $0.46 EPS.
S & T Bancorp (NASDAQ:STBA) traded up 4.16% during trading on Thursday, hitting $35.80. The stock had a trading volume of 96,676 shares. S & T Bancorp has a 52 week low of $23.06 and a 52 week high of $39.84. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 17.45 and a beta of 0.95. The company has a 50-day moving average of $34.53 and a 200 day moving average of $34.81.
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 18th. Stockholders of record on Thursday, May 4th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, May 2nd. This represents a $0.80 annualized dividend and a dividend yield of 2.23%. S & T Bancorp’s payout ratio is currently 39.02%.
In other S & T Bancorp news, insider Thomas J. Sposito II sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $36.25, for a total value of $362,500.00. Following the completion of the sale, the insider now owns 31,685 shares of the company’s stock, valued at $1,148,581.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.31% of the company’s stock.
Separately, Zacks Investment Research upgraded S & T Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Thursday, March 30th.
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S & T Bancorp Company Profile
S&T Bancorp, Inc (S&T) is a bank holding company. The Company operates through three segments: Community Banking, Wealth Management and Insurance. The Community Banking segment offers services, which include accepting time and demand deposits, and originating commercial and consumer loans. The Wealth Management segment offers brokerage services, serves as executor and trustee under wills and deeds and as guardian and custodian of employee benefits and provides other trust services.
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