S & T Bancorp Inc (NASDAQ:STBA) Raises Dividend to $0.28 Per Share

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S & T Bancorp Inc (NASDAQ:STBA) announced a quarterly dividend on Monday, October 21st, Zacks reports. Shareholders of record on Thursday, November 7th will be paid a dividend of 0.28 per share by the financial services provider on Thursday, November 21st. This represents a $1.12 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Wednesday, November 6th. This is an increase from S & T Bancorp’s previous quarterly dividend of $0.27.

S & T Bancorp stock opened at $38.17 on Monday. The firm has a 50 day simple moving average of $36.62 and a 200-day simple moving average of $37.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $1.29 billion, a PE ratio of 12.68 and a beta of 0.64. S & T Bancorp has a 12-month low of $33.30 and a 12-month high of $42.56.

S & T Bancorp (NASDAQ:STBA) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. The business had revenue of $74.26 million during the quarter, compared to analysts’ expectations of $73.81 million. S & T Bancorp had a net margin of 28.32% and a return on equity of 10.75%. On average, analysts forecast that S & T Bancorp will post 2.91 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on the stock. ValuEngine upgraded shares of S & T Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. BidaskClub upgraded shares of S & T Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Zacks Investment Research upgraded shares of S & T Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th.

S & T Bancorp Company Profile

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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Dividend History for S & T Bancorp (NASDAQ:STBA)

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