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

S&T Bancorp (NASDAQ:STBA) announced its quarterly earnings data on Thursday. The financial services provider reported $0.86 EPS for the quarter, beating 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 Price Performance

NASDAQ STBA opened at $39.44 on Friday. S&T Bancorp has a one year low of $28.83 and a one year high of $45.79. The stock has a 50-day moving average of $39.56 and a 200 day moving average of $40.65. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 11.24 and a beta of 0.84.

S&T Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Thursday, February 13th. S&T Bancorp’s payout ratio is currently 38.75%.

Insider Buying and Selling at S&T Bancorp

In other news, Director Frank J. Palermo, Jr. sold 4,982 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $43.21, for a total value of $215,272.22. Following the transaction, the director now directly owns 23,143 shares in the company, valued at $1,000,009.03. This trade represents a 17.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.38% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of S&T Bancorp from a “sell” rating to a “hold” rating in a report 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.