S&T Bancorp, Inc. (NASDAQ:STBA - Get Free Report) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Shareholders of record on Thursday, May 9th will be given a dividend of 0.33 per share by the financial services provider on Thursday, May 23rd. This represents a $1.32 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend is Wednesday, May 8th.
S&T Bancorp has raised its dividend by an average of 4.8% per year over the last three years and has raised its dividend every year for the last 3 years. S&T Bancorp has a dividend payout ratio of 44.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect S&T Bancorp to earn $2.96 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 44.6%.
S&T Bancorp Price Performance
S&T Bancorp stock traded down $0.02 during midday trading on Friday, reaching $30.98. 111,280 shares of the company were exchanged, compared to its average volume of 174,308. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 8.78 and a beta of 0.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.98 and a current ratio of 0.98. The firm's 50-day simple moving average is $30.90 and its 200-day simple moving average is $30.55. S&T Bancorp has a 1 year low of $24.51 and a 1 year high of $36.28.
S&T Bancorp (NASDAQ:STBA - Get Free Report) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.10. S&T Bancorp had a net margin of 24.68% and a return on equity of 10.86%. The business had revenue of $103.17 million during the quarter, compared to analyst estimates of $100.10 million. On average, analysts anticipate that S&T Bancorp will post 3 EPS for the current year.
Analysts Set New Price Targets
Separately, StockNews.com lowered S&T Bancorp from a "hold" rating to a "sell" rating in a research note on Tuesday, April 2nd.
Get Our Latest Stock Analysis on S&T Bancorp
S&T Bancorp Company Profile
(
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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.
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