Equities analysts expect S & T Bancorp Inc (NASDAQ:STBA) to report sales of $72.39 million for the current quarter, Zacks reports. Four analysts have issued estimates for S & T Bancorp’s earnings, with the lowest sales estimate coming in at $71.20 million and the highest estimate coming in at $73.65 million. S & T Bancorp reported sales of $70.72 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.4%. The business is expected to announce its next quarterly 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 fiscal year, with estimates ranging from $291.40 million to $301.77 million. For the next year, analysts forecast that the business will report sales of $311.74 million, with estimates ranging from $304.00 million to $319.83 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for S & T Bancorp.
S & T Bancorp (NASDAQ:STBA) last announced its quarterly earnings results on Thursday, January 31st. The financial services provider reported $0.77 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $70.94 million during the quarter, compared to analysts’ expectations of $72.94 million.
Shares of STBA stock opened at $39.89 on Tuesday. S & T Bancorp has a 52 week low of $35.16 and a 52 week high of $47.77. The firm has a market capitalization of $1.39 billion, a P/E ratio of 13.23, a price-to-earnings-growth ratio of 1.30 and a beta of 0.71. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.12.
In other news, Director James Thomas Gibson acquired 12,000 shares of the stock in a transaction on Thursday, March 7th. The stock was acquired at an average price of $38.89 per share, with a total value of $466,680.00. Following the completion of the transaction, the director now owns 201,780 shares of the company’s stock, valued at approximately $7,847,224.20. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.53% of the company’s stock.
A number of institutional investors have recently made changes to their positions in STBA. Huntington National Bank purchased a new position in S & T Bancorp during the fourth quarter valued at $57,000. Denali Advisors LLC lifted its position in S & T Bancorp by 3,853.2% during the first quarter. Denali Advisors LLC now owns 4,309 shares of the financial services provider’s stock valued at $170,000 after buying an additional 4,200 shares during the period. Millennium Management LLC lifted its position in S & T Bancorp by 47.0% during the fourth quarter. Millennium Management LLC now owns 6,931 shares of the financial services provider’s stock valued at $262,000 after buying an additional 2,216 shares during the period. Fort Pitt Capital Group LLC purchased a new position in S & T Bancorp during the fourth quarter valued at $311,000. Finally, Piedmont Investment Advisors Inc. lifted its position in S & T Bancorp by 3.3% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 8,321 shares of the financial services provider’s stock valued at $315,000 after buying an additional 267 shares during the period. 62.69% of the stock is owned by institutional investors and hedge funds.
About S & T Bancorp
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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