Streetbeat News

STBA

S&T Bancorp, Inc.

https://www.stbancorp.com

Industry

Banks - Regional

S&T Bancorp, Inc. operates as the bank holding company for S&T Bank that provides retail and commercial banking products and services. The company operates through six segments: Commercial Real Estate, Commercial and Industrial, Business Banking, Commercial Construction, Consumer Real Estate, and Other Consumer. The company accepts time and demand deposits; and offers commercial and consumer loans, cash management services, and brokerage and trust services, as well as acts as guardian and custodian of employee benefits. It also manages private investment accounts for individuals and institutions. In addition, the company distributes life insurance and long-term disability income insurance products, as well as offers title insurance agency services to commercial customers; and acts as a reinsurer of credit life, accident, and health insurance policies. As of December 31, 2021, it operated 73 banking branches and 5 loan production offices located in Western Pennsylvania, Eastern Pennsylvania, Northeast Ohio, Central Ohio, and Upstate New York. S&T Bancorp, Inc. was founded in 1902 and is headquartered in Indiana, Pennsylvania.

Open

42.41

Mkt cap

1.6B

Volume

114K

High

43.09

P/E Ratio

12.11

52-wk high

45.79

Low

42.01

Div yield

0.03

52-wk low

27.43

S&T Bancorp has announced an increase in its quarterly cash dividend from $0.33 to $0.34 per share, representing a 3.03% rise. The dividend will be payable on November 21, 2024, to shareholders of record on November 7, 2024. The annualized yield is 3.51% based on the closing price of $38.75.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 9:08 pm

S&T Bancorp reported Q3 2024 earnings per share of $0.85, beating the consensus estimate of $0.81, but sales of $96.354 million missed the $98.889 million estimate. Earnings decreased by 2.3% and sales by 3.23% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 11:40 am

S&T Bancorp (NASDAQ:STBA) is set to release its quarterly earnings report on October 17, 2024. Analysts expect an EPS of $0.81. The market is optimistic about the company surpassing estimates and providing positive guidance, which could drive stock prices. In the last quarter, S&T Bancorp beat EPS estimates by $0.15, resulting in a 4.22% increase in share price. The stock has risen 62.33% over the past year, indicating bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 3:03 pm

DA Davidson analyst Manuel Navas maintains a Neutral rating on S&T Bancorp (NASDAQ:STBA) and raises the price target from $32 to $41.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 3:29 pm

S&T Bancorp (NASDAQ:STBA) reported Q2 earnings per share of $0.89, beating the analyst estimate of $0.74. Quarterly sales were $96.90 million, slightly above the $96.32 million estimate but down 5.29% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 11:35 am

S&T Bancorp has announced an increase in its dividend from $0.32 to $0.33, signaling a positive outlook on its financial health and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 7:04 pm

Earnings reports for April 18, 2024, include a wide range of companies across various sectors. Notable mentions include Nokia, Taiwan Semiconductor, and Netflix, with expectations of earnings per share at $0.06, $1.31, and $4.50 respectively. Other companies like Alaska Air Gr and Ally Financial are also set to report, indicating a diverse earnings day across technology, finance, and consumer sectors.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 12:10 pm

S&T Bancorp (NASDAQ:STBA) reported Q4 2023 earnings of $0.96 per share, surpassing the consensus estimate of $0.86 by 11.63%. However, this represents a 6.8% decrease from the $1.03 per share earned in the same quarter last year. Sales reached $103.17M, exceeding estimates by 3.41% but showing a 1.46% decline from the previous year's $104.70M.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 12:32 pm

S&T Bancorp (NASDAQ:STBA) is expected to release its quarterly earnings report on January 25, 2024, with analysts predicting an EPS of $0.86. Investors are looking for an earnings beat and positive guidance for future growth. Historically, S&T Bancorp's stock price has been sensitive to earnings performance and guidance. Last quarter, the company missed EPS estimates by $0.03, resulting in a 0.73% share price drop the following day. Over the last year, STBA shares have increased by 0.63%, with the stock currently trading at $33.97.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 8:02 pm

Financial stocks, including a broad range of banks and financial services companies, experienced a rise in share prices following the release of October CPI data indicating inflation was softer than expected. This positive reaction reflects overall market strength and optimism that lower inflation could reduce pressure on the Federal Reserve to maintain an aggressive rate hike policy.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 8:30 pm

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