S&T Bancorp (NASDAQ:STBA) Releases Quarterly Earnings Results, Beats Expectations By $0.08 EPS

S&T Bancorp (NASDAQ:STBA) posted 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 return on equity of 10.25% and a net margin of 23.69%.

S&T Bancorp Price Performance

Shares of S&T Bancorp stock traded up $0.41 on Thursday, hitting $38.45. 42,409 shares of the company traded hands, compared to its average volume of 147,082. S&T Bancorp has a 12-month low of $28.83 and a 12-month high of $45.79. The firm’s 50-day simple moving average is $39.72 and its 200 day simple moving average is $40.64. The company has a market cap of $1.47 billion, a P/E ratio of 10.99 and a beta of 0.84. 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 Announces Dividend

The business 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 $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.54%. S&T Bancorp’s payout ratio is 38.75%.

Insider Buying and Selling at S&T Bancorp

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

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded S&T Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th.

About S&T Bancorp

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.