DA Davidson Brokers Boost Earnings Estimates for S&T Bancorp

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

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

S&T Bancorp Trading Up 3.1 %

Shares of S&T Bancorp stock opened at $40.33 on Wednesday. S&T Bancorp has a fifty-two week low of $28.83 and a fifty-two week high of $45.79. The firm has a market cap of $1.54 billion, a PE ratio of 11.83 and a beta of 0.84. The business’s fifty day moving average is $39.39 and its two-hundred day moving average is $40.66. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.07.

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

S&T Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Thursday, February 13th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.36 annualized dividend and a yield of 3.37%. S&T Bancorp’s dividend payout ratio is currently 39.88%.

Insider Activity

In other news, Director Frank J. Palermo, Jr. sold 4,982 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was 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 trade represents a 17.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.38% of the company’s stock.

Institutional Trading of S&T Bancorp

Several large investors have recently modified their holdings of the business. Renaissance Technologies LLC bought a new position in shares of S&T Bancorp during the second quarter worth about $250,000. AQR Capital Management LLC lifted its position in shares of S&T Bancorp by 37.7% during the second quarter. AQR Capital Management LLC now owns 34,280 shares of the financial services provider’s stock worth $1,145,000 after purchasing an additional 9,384 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of S&T Bancorp by 2.6% during the second quarter. The Manufacturers Life Insurance Company now owns 19,436 shares of the financial services provider’s stock worth $649,000 after purchasing an additional 498 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of S&T Bancorp by 80.8% during the third quarter. GAMMA Investing LLC now owns 1,177 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 526 shares during the last quarter. Finally, Sapient Capital LLC bought a new position in shares of S&T Bancorp during the third quarter worth about $223,000. 65.22% of the stock is currently owned by institutional investors and hedge funds.

S&T Bancorp Company Profile

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.