S&T Bancorp (NASDAQ:STBA) Announces Quarterly Earnings Results, Beats Expectations By $0.08 EPS

S&T Bancorp (NASDAQ:STBA) posted its quarterly earnings data on Thursday. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.08, Zacks reports. S&T Bancorp had a net margin of 23.69% and a return on equity of 10.25%.

S&T Bancorp Stock Performance

STBA stock traded up $0.41 during trading hours on Thursday, hitting $38.45. 42,409 shares of the stock were exchanged, compared to its average volume of 147,082. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.47 billion, a P/E ratio of 10.99 and a beta of 0.84. S&T Bancorp has a 12 month low of $28.83 and a 12 month high of $45.79. The company has a 50-day simple moving average of $39.72 and a two-hundred day simple moving average of $40.64.

S&T Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Thursday, February 13th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.54%. S&T Bancorp’s payout ratio is currently 38.75%.

Insiders Place Their Bets

In other news, Director Frank J. Palermo, Jr. sold 4,982 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was 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 approximately $1,000,009.03. The trade was a 17.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.38% of the company’s stock.

Analyst Ratings Changes

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

S&T Bancorp Company Profile

S&T Bancorp, Inc is a bank holding company, which engages in the provision of consumer, commercial, and small business banking services. It operates through the following segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.