S&T Bancorp, Inc. (NASDAQ:STBA) Forecasted to Post Q2 2024 Earnings of $0.76 Per Share

S&T Bancorp, Inc. (NASDAQ:STBA) – Stock analysts at DA Davidson issued their Q2 2024 EPS estimates for shares of S&T Bancorp in a research note issued on Tuesday, April 23rd. DA Davidson analyst M. Navas forecasts that the financial services provider will post earnings per share of $0.76 for the quarter. The consensus estimate for S&T Bancorp’s current full-year earnings is $3.00 per share. DA Davidson also issued estimates for S&T Bancorp’s FY2025 earnings at $2.85 EPS.

S&T Bancorp (NASDAQ:STBA) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. The firm had revenue of $103.17 million for the quarter, compared to analyst estimates of $100.10 million. S&T Bancorp had a net margin of 24.68% and a return on equity of 10.86%.

Separately, StockNews.com downgraded shares of S&T Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, April 2nd.

S&T Bancorp Trading Down 0.9 %

Shares of S&T Bancorp stock opened at $31.00 on Wednesday. The firm has a market capitalization of $1.19 billion, a PE ratio of 8.78 and a beta of 0.77. S&T Bancorp has a twelve month low of $24.51 and a twelve month high of $36.28. The firm’s 50-day moving average price is $30.92 and its 200 day moving average price is $30.53. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.07.

Institutional Trading of S&T Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. TFO Wealth Partners LLC increased its holdings in S&T Bancorp by 5,870.6% in the 4th quarter. TFO Wealth Partners LLC now owns 1,015 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 998 shares during the last quarter. Bare Financial Services Inc acquired a new stake in S&T Bancorp in the 4th quarter valued at approximately $145,000. DekaBank Deutsche Girozentrale acquired a new stake in S&T Bancorp in the 3rd quarter valued at approximately $135,000. Allspring Global Investments Holdings LLC increased its holdings in S&T Bancorp by 17.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,508 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 835 shares during the last quarter. Finally, Allegheny Financial Group LTD acquired a new stake in S&T Bancorp in the 4th quarter valued at approximately $206,000. Institutional investors and hedge funds own 65.22% of the company’s stock.

About S&T Bancorp

S&T Bancorp, Inc operates as the bank holding company for S&T Bank that engages in the provision of retail and commercial banking products and services. The company operates through six segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.