S & T Bancorp (NASDAQ:STBA) is scheduled to post its quarterly earnings results before the market opens on Thursday, October 18th. Analysts expect S & T Bancorp to post earnings of $0.76 per share for the quarter.
S & T Bancorp (NASDAQ:STBA) last released its quarterly earnings results on Thursday, July 19th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.61. S & T Bancorp had a return on equity of 10.41% and a net margin of 24.39%. The firm had revenue of $70.65 million for the quarter, compared to the consensus estimate of $70.06 million. On average, analysts expect S & T Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
STBA opened at $39.44 on Tuesday. S & T Bancorp has a 1 year low of $37.79 and a 1 year high of $47.77. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 15.98 and a beta of 0.61. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 0.97.
Several analysts have issued reports on the company. BidaskClub raised S & T Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, August 22nd. DA Davidson assumed coverage on S & T Bancorp in a research report on Thursday, August 23rd. They issued a “buy” rating and a $54.00 target price on the stock. Finally, Zacks Investment Research raised S & T Bancorp from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research report on Wednesday, September 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $47.13.
In related news, Director Frank W. Jones sold 600 shares of S & T Bancorp stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $45.58, for a total value of $27,348.00. Following the sale, the director now owns 24,387 shares of the company’s stock, valued at $1,111,559.46. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James C. Miller sold 5,000 shares of S & T Bancorp stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $46.44, for a total value of $232,200.00. Following the completion of the sale, the director now directly owns 39,948 shares in the company, valued at approximately $1,855,185.12. The disclosure for this sale can be found here. 2.53% of the stock is currently owned by insiders.
S & T Bancorp Company Profile
S&T Bancorp, Inc operates as the bank holding company for S&T Bank that provides retail and commercial banking products and services. The company accepts time and demand deposits; and offers commercial and consumer loans, cash management services, and brokerage and trust services, as well as acts as guardian and custodian of employee benefits.
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