S&T Bancorp, Inc. (STBA) to Distribute Quarterly Dividend of $0.37 on November 27th

S&T Bancorp, Inc. (NASDAQ:STBA) announced a quarterly dividend on Wednesday, October 28th. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.37 per share by the financial services provider on Friday, November 27th. This represents a $1.48 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Thursday, November 12th.

S&T Bancorp has a payout ratio of 43.7% meaning its dividend is sufficiently covered by earnings. Analysts expect S&T Bancorp to earn $4.10 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 36.1%.

S&T Bancorp Stock Up 1.2%

S&T Bancorp stock opened at $51.09 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 12.81 and a beta of 0.85. S&T Bancorp has a 1-year low of $35.97 and a 1-year high of $53.50. The business has a fifty day moving average price of $49.57 and a 200-day moving average price of $46.33.

S&T Bancorp (NASDAQ:STBA) last announced its earnings results on Thursday, October 22nd. The financial services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.10. S&T Bancorp had a return on equity of 10.11% and a net margin of 25.10%. The firm had revenue of $107.79 million for the quarter, compared to the consensus estimate of $106.72 million. Equities research analysts forecast that S&T Bancorp will post 4.06 EPS for the current fiscal year.

S&T Bancorp announced that its Board of Directors has authorized a stock repurchase program on Thursday, July 23rd that allows the company to repurchase $100 million in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 5.6% of its shares through open market purchases. Share repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

S&T Bancorp Company Profile

S&T Bancorp, Inc is the financial holding company for S&T Bank, a community bank headquartered in Indiana, Pennsylvania. Founded in 1902, S&T Bank serves consumers, businesses, and institutions through a network of banking offices and digital channels.

The bank provides a range of financial products and services, including checking and savings accounts, certificates of deposit, residential mortgages, consumer loans, commercial real estate financing, and business loans. It also offers treasury and cash-management services designed to support business customers.

S&T Bank serves communities primarily across western Pennsylvania and eastern Ohio.