S&T Bancorp, Inc. Expected to Earn FY2025 Earnings of $3.05 Per Share (NASDAQ:STBA)

S&T Bancorp, Inc. (NASDAQ:STBA) – DA Davidson lifted their FY2025 earnings per share (EPS) estimates for S&T Bancorp in a research report issued on Monday, July 22nd. DA Davidson analyst M. Navas now expects that the financial services provider will post earnings per share of $3.05 for the year, up from their prior forecast of $2.85. 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 $3.22 per share.

S&T Bancorp (NASDAQ:STBA) last announced its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.89 earnings per share (EPS) 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 business had revenue of $142.07 million during the quarter, compared to the consensus estimate of $95.85 million. During the same quarter last year, the firm posted $0.89 EPS.

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

S&T Bancorp Stock Performance

NASDAQ STBA opened at $44.83 on Wednesday. The stock has a market cap of $1.71 billion, a PE ratio of 12.70 and a beta of 0.81. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a 50-day moving average of $33.74 and a 200-day moving average of $32.35. S&T Bancorp has a 52-week low of $24.51 and a 52-week high of $45.79.

Insider Buying and Selling at S&T Bancorp

In other news, Director William J. Hieb sold 11,000 shares of S&T Bancorp stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $31.05, for a total transaction of $341,550.00. Following the completion of the sale, the director now owns 31,770 shares of the company’s stock, valued at $986,458.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.38% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. American Century Companies Inc. increased its stake in S&T Bancorp by 54.4% during the 3rd quarter. American Century Companies Inc. now owns 185,495 shares of the financial services provider’s stock worth $5,023,000 after acquiring an additional 65,375 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in S&T Bancorp by 7.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,971 shares of the financial services provider’s stock worth $768,000 after purchasing an additional 1,661 shares during the period. Mutual of America Capital Management LLC acquired a new stake in S&T Bancorp during the fourth quarter worth about $224,000. Louisiana State Employees Retirement System bought a new position in S&T Bancorp in the 4th quarter valued at about $638,000. Finally, Handelsbanken Fonder AB bought a new position in S&T Bancorp in the 4th quarter valued at about $241,000. 65.22% of the stock is owned by institutional investors.

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.