S&T Bancorp, Inc. (NASDAQ:STBA – Get Free Report) announced a quarterly dividend on Wednesday, April 24th, Zacks reports. Shareholders of record on Thursday, May 9th will be given a dividend of 0.33 per share by the financial services provider on Thursday, May 23rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend is Wednesday, May 8th.
S&T Bancorp has raised its dividend by an average of 4.8% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. S&T Bancorp has a dividend payout ratio of 44.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect S&T Bancorp to earn $2.96 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 44.6%.
S&T Bancorp Stock Down 0.9 %
Shares of NASDAQ:STBA opened at $31.00 on Friday. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 8.78 and a beta of 0.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50-day moving average is $30.92 and its 200-day moving average is $30.53. S&T Bancorp has a 1 year low of $24.51 and a 1 year high of $36.28.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded S&T Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd.
Read Our Latest Report on STBA
S&T Bancorp Company Profile
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.
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