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

S&T Bancorp, Inc. (NASDAQ:STBAFree Report) – Stock analysts at DA Davidson raised their FY2025 earnings estimates for S&T Bancorp in a report released on Monday, February 3rd. DA Davidson analyst M. Navas now forecasts that the financial services provider will earn $3.05 per share for the year, up from their prior estimate of $2.95. The consensus estimate for S&T Bancorp’s current full-year earnings is $3.03 per share.

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.

Read Our Latest Stock Analysis on S&T Bancorp

S&T Bancorp Stock Performance

NASDAQ STBA opened at $40.67 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.99. The stock’s 50 day simple moving average is $39.34 and its 200-day simple moving average is $40.66. The company has a market cap of $1.56 billion, a PE ratio of 11.93 and a beta of 0.84. S&T Bancorp has a 1-year low of $28.83 and a 1-year high of $45.79.

S&T Bancorp (NASDAQ:STBAGet Free Report) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.08. S&T Bancorp had a net margin of 23.24% and a return on equity of 9.77%.

Hedge Funds Weigh In On S&T Bancorp

Hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC raised its position in shares of S&T Bancorp by 4,095.0% during the 3rd quarter. International Assets Investment Management LLC now owns 839 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 819 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of S&T Bancorp by 48.6% in the 4th quarter. Versant Capital Management Inc now owns 926 shares of the financial services provider’s stock valued at $35,000 after buying an additional 303 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of S&T Bancorp by 67.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the financial services provider’s stock valued at $48,000 after buying an additional 502 shares in the last quarter. GAMMA Investing LLC grew its position in shares of S&T Bancorp by 80.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,177 shares of the financial services provider’s stock valued at $49,000 after buying an additional 526 shares during the last quarter. Finally, KBC Group NV raised its stake in S&T Bancorp by 55.0% during the 4th quarter. KBC Group NV now owns 2,324 shares of the financial services provider’s stock worth $89,000 after acquiring an additional 825 shares in the last quarter. Hedge funds and other institutional investors own 65.22% of the company’s stock.

Insider Activity

In other S&T Bancorp news, Director Frank J. Palermo, Jr. sold 4,982 shares of S&T Bancorp stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $43.21, for a total transaction of $215,272.22. Following the transaction, the director now directly owns 23,143 shares of the company’s stock, valued at $1,000,009.03. The trade was a 17.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.38% of the company’s stock.

S&T Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Thursday, February 13th. S&T Bancorp’s dividend payout ratio is currently 39.88%.

About S&T Bancorp

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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.

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