FY2025 EPS Estimates for S&T Bancorp Reduced by DA Davidson

S&T Bancorp, Inc. (NASDAQ:STBA) – Research analysts at DA Davidson dropped their FY2025 earnings per share estimates for shares of S&T Bancorp in a research note issued on Thursday, December 19th. DA Davidson analyst M. Navas now forecasts that the financial services provider will post earnings of $2.95 per share for the year, down from their previous estimate of $3.00. The consensus estimate for S&T Bancorp’s current full-year earnings is $3.36 per share.

S&T Bancorp (NASDAQ:STBA) last posted its quarterly earnings results on Thursday, October 17th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. The business had revenue of $96.35 million during the quarter, compared to analyst estimates of $98.90 million. S&T Bancorp had a net margin of 23.69% and a return on equity of 10.25%.

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 Stock Performance

S&T Bancorp stock opened at $38.89 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.08. S&T Bancorp has a 1 year low of $28.83 and a 1 year high of $45.79. The company has a market cap of $1.49 billion, a PE ratio of 11.08 and a beta of 0.83. The company’s 50-day moving average is $41.36 and its two-hundred day moving average is $39.45.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of STBA. International Assets Investment Management LLC lifted its holdings in S&T Bancorp by 4,095.0% in the third quarter. International Assets Investment Management LLC now owns 839 shares of the financial services provider’s stock worth $35,000 after buying an additional 819 shares during the period. GAMMA Investing LLC increased its position in shares of S&T Bancorp by 80.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,177 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 526 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of S&T Bancorp in the second quarter valued at approximately $53,000. Denali Advisors LLC acquired a new stake in S&T Bancorp in the second quarter valued at approximately $200,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in S&T Bancorp in the third quarter valued at approximately $204,000. 65.22% of the stock is currently owned by institutional investors.

Insider Activity at S&T Bancorp

In other S&T Bancorp news, Director Frank J. Palermo, Jr. sold 4,982 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $43.21, for a total value of $215,272.22. Following the sale, the director now owns 23,143 shares of the company’s stock, valued at $1,000,009.03. This trade represents a 17.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.38% of the stock is currently owned by insiders.

S&T Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were paid a dividend of $0.34 per share. This is an increase from S&T Bancorp’s previous quarterly dividend of $0.33. This represents a $1.36 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date was Thursday, November 7th. S&T Bancorp’s dividend payout ratio is 38.75%.

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.