DA Davidson Weighs in on S & T Bancorp Inc’s Q4 2019 Earnings (NASDAQ:STBA)

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S & T Bancorp Inc (NASDAQ:STBA) – Research analysts at DA Davidson cut their Q4 2019 earnings estimates for shares of S & T Bancorp in a note issued to investors on Monday, June 10th. DA Davidson analyst R. Gunther now expects that the financial services provider will earn $0.78 per share for the quarter, down from their prior estimate of $0.79. DA Davidson also issued estimates for S & T Bancorp’s Q1 2020 earnings at $0.74 EPS, Q3 2020 earnings at $0.84 EPS, Q4 2020 earnings at $0.84 EPS, Q1 2021 earnings at $0.81 EPS and FY2021 earnings at $3.45 EPS.

A number of other equities analysts have also recently commented on STBA. BidaskClub upgraded shares of S & T Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. Zacks Investment Research upgraded shares of S & T Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, February 16th. ValuEngine cut shares of S & T Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, April 19th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of S & T Bancorp in a research report on Monday, April 22nd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $51.00.

Shares of NASDAQ:STBA opened at $37.73 on Tuesday. The firm has a market capitalization of $1.27 billion, a P/E ratio of 12.53, a price-to-earnings-growth ratio of 1.27 and a beta of 0.70. S & T Bancorp has a 52 week low of $35.16 and a 52 week high of $47.77. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 0.98.

S & T Bancorp (NASDAQ:STBA) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.08). S & T Bancorp had a net margin of 29.41% and a return on equity of 11.02%. The business had revenue of $71.72 million during the quarter, compared to analysts’ expectations of $72.39 million.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Thursday, May 2nd were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date was Wednesday, May 1st. S & T Bancorp’s payout ratio is presently 35.88%.

In other S & T Bancorp news, CEO Todd D. Brice bought 2,036 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were bought at an average price of $37.31 per share, for a total transaction of $75,963.16. Following the transaction, the chief executive officer now directly owns 91,520 shares in the company, valued at $3,414,611.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC increased its position in shares of S & T Bancorp by 47.0% in the fourth quarter. Millennium Management LLC now owns 6,931 shares of the financial services provider’s stock valued at $262,000 after acquiring an additional 2,216 shares during the period. Sageworth Trust Co increased its position in shares of S & T Bancorp by 4.5% in the first quarter. Sageworth Trust Co now owns 42,569 shares of the financial services provider’s stock valued at $1,683,000 after acquiring an additional 1,821 shares during the period. Arizona State Retirement System increased its position in shares of S & T Bancorp by 6.2% in the fourth quarter. Arizona State Retirement System now owns 53,910 shares of the financial services provider’s stock valued at $2,040,000 after acquiring an additional 3,125 shares during the period. Bahl & Gaynor Inc. increased its position in shares of S & T Bancorp by 21.7% in the fourth quarter. Bahl & Gaynor Inc. now owns 90,612 shares of the financial services provider’s stock valued at $3,429,000 after acquiring an additional 16,182 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in shares of S & T Bancorp by 25.8% in the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 22,603 shares of the financial services provider’s stock valued at $855,000 after acquiring an additional 4,640 shares during the period. Hedge funds and other institutional investors own 60.27% of the company’s stock.

About S & T Bancorp

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 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.

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Earnings History and Estimates for S & T Bancorp (NASDAQ:STBA)

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