FY2025 EPS Estimates for S&T Bancorp Decreased by Analyst

S&T Bancorp, Inc. (NASDAQ:STBA) – Research analysts at DA Davidson decreased their FY2025 earnings per share (EPS) estimates for S&T Bancorp in a research report issued on Thursday, December 19th. DA Davidson analyst M. Navas now anticipates that the financial services provider will earn $2.95 per share for the year, down from their prior forecast of $3.00. The consensus estimate for S&T Bancorp’s current full-year earnings is $3.36 per share.

Separately, StockNews.com upgraded S&T Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th.

S&T Bancorp Stock Performance

Shares of NASDAQ:STBA opened at $39.26 on Friday. S&T Bancorp has a 1 year low of $28.83 and a 1 year high of $45.79. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 11.19 and a beta of 0.83. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.99 and a quick ratio of 0.99. The company’s 50 day simple moving average is $41.33 and its 200 day simple moving average is $39.56.

S&T Bancorp (NASDAQ:STBA) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.03. The business had revenue of $96.35 million during the quarter, compared to analysts’ expectations of $98.90 million. S&T Bancorp had a net margin of 23.69% and a return on equity of 10.25%.

Hedge Funds Weigh In On S&T Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. American Century Companies Inc. boosted its holdings in S&T Bancorp by 29.0% in the second quarter. American Century Companies Inc. now owns 591,829 shares of the financial services provider’s stock worth $19,761,000 after acquiring an additional 133,108 shares in the last quarter. Earnest Partners LLC raised its position in shares of S&T Bancorp by 19.8% during the second quarter. Earnest Partners LLC now owns 287,586 shares of the financial services provider’s stock worth $9,602,000 after purchasing an additional 47,450 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of S&T Bancorp by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,432,510 shares of the financial services provider’s stock worth $60,122,000 after purchasing an additional 43,268 shares in the last quarter. Barclays PLC grew its position in S&T Bancorp by 124.4% in the 3rd quarter. Barclays PLC now owns 74,236 shares of the financial services provider’s stock valued at $3,116,000 after purchasing an additional 41,148 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in S&T Bancorp by 1.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,397,887 shares of the financial services provider’s stock valued at $80,064,000 after purchasing an additional 32,935 shares in the last quarter. 65.22% of the stock is currently owned by institutional investors.

Insider Buying and Selling at S&T Bancorp

In related news, Director Frank J. Palermo, Jr. sold 4,982 shares of S&T Bancorp stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $43.21, for a total transaction of $215,272.22. Following the completion of the transaction, the director now owns 23,143 shares of the company’s stock, valued at $1,000,009.03. This trade represents a 17.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.38% of the company’s stock.

S&T Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were paid a $0.34 dividend. This is an increase from S&T Bancorp’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.36 annualized dividend and a yield of 3.46%. S&T Bancorp’s dividend payout ratio is presently 38.75%.

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.