S&T Bancorp (STBA) Set to Announce Quarterly Earnings on Thursday

S&T Bancorp (NASDAQ:STBA - Get Free Report) will be releasing its quarterly earnings data before the market opens on Thursday, April 18th. Analysts expect S&T Bancorp to post earnings of $0.80 per share for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.10. S&T Bancorp had a return on equity of 11.70% and a net margin of 27.03%. The firm had revenue of $103.17 million during the quarter, compared to analysts' expectations of $100.10 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.

S&T Bancorp Stock Down 0.1 %

NASDAQ:STBA traded down $0.02 during trading hours on Thursday, hitting $29.46. The stock had a trading volume of 108,327 shares, compared to its average volume of 177,603. The business has a 50 day simple moving average of $31.24 and a two-hundred day simple moving average of $30.30. S&T Bancorp has a 1-year low of $24.51 and a 1-year high of $36.28. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.07. The company has a market cap of $1.13 billion, a PE ratio of 7.88 and a beta of 0.77.

S&T Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date was Wednesday, February 7th. S&T Bancorp's payout ratio is 35.29%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of S&T Bancorp from a "hold" rating to a "sell" rating in a research report on Tuesday, April 2nd.

Hedge Funds Weigh In On S&T Bancorp

A number of institutional investors have recently made changes to their positions in STBA. Lazard Asset Management LLC bought a new stake in shares of S&T Bancorp in the fourth quarter worth $29,000. Point72 Middle East FZE bought a new stake in shares of S&T Bancorp in the 4th quarter worth about $39,000. Qube Research & Technologies Ltd acquired a new stake in shares of S&T Bancorp in the 3rd quarter valued at about $55,000. Tower Research Capital LLC TRC raised its stake in shares of S&T Bancorp by 122.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,907 shares of the financial services provider's stock valued at $60,000 after purchasing an additional 1,051 shares in the last quarter. Finally, Envestnet Asset Management Inc. bought a new position in shares of S&T Bancorp during the first quarter worth about $76,000. 65.22% of the stock is owned by institutional investors and hedge funds.

S&T Bancorp Company Profile

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.