S&T Bancorp, Inc. (NASDAQ:STBA) to Post FY2025 Earnings of $3.00 Per Share, DA Davidson Forecasts

S&T Bancorp, Inc. (NASDAQ:STBA) – Research analysts at DA Davidson dropped their FY2025 EPS estimates for S&T Bancorp in a research report issued on Thursday, October 3rd. DA Davidson analyst M. Navas now forecasts that the financial services provider will post earnings per share of $3.00 for the year, down from their prior forecast of $3.05. DA Davidson currently has a “Neutral” rating and a $41.00 target price on the stock. The consensus estimate for S&T Bancorp’s current full-year earnings is $3.31 per share.

S&T Bancorp (NASDAQ:STBA) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.14. S&T Bancorp had a return on equity of 10.63% and a net margin of 24.20%. The company had revenue of $142.07 million during the quarter, compared to analysts’ expectations of $95.85 million. During the same quarter last year, the company earned $0.89 EPS.

Separately, StockNews.com cut shares of S&T Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd.

S&T Bancorp Stock Down 0.2 %

STBA stock opened at $39.12 on Monday. S&T Bancorp has a twelve month low of $24.51 and a twelve month high of $45.79. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 11.08 and a beta of 0.79. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average price of $41.39 and a two-hundred day moving average price of $35.91.

Institutional Investors Weigh In On S&T Bancorp

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in S&T Bancorp by 80.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,177 shares of the financial services provider’s stock valued at $49,000 after buying an additional 526 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in S&T Bancorp by 2.6% during the second quarter. The Manufacturers Life Insurance Company now owns 19,436 shares of the financial services provider’s stock worth $649,000 after acquiring an additional 498 shares during the period. Earnest Partners LLC raised its stake in S&T Bancorp by 19.8% in the 2nd 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 in the last quarter. AQR Capital Management LLC raised its stake in S&T Bancorp by 37.7% in the 2nd quarter. AQR Capital Management LLC now owns 34,280 shares of the financial services provider’s stock worth $1,145,000 after purchasing an additional 9,384 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its position in shares of S&T Bancorp by 6.1% during the 2nd quarter. Public Sector Pension Investment Board now owns 84,173 shares of the financial services provider’s stock worth $2,811,000 after purchasing an additional 4,827 shares in the last quarter. 65.22% of the stock is currently owned by institutional investors and hedge funds.

S&T Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.37%. The ex-dividend date was Thursday, August 8th. S&T Bancorp’s dividend payout ratio is 37.39%.

About S&T Bancorp

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.