Earnings results for S&T Bancorp (NASDAQ:STBA)
S&T Bancorp, Inc. is expected* to report earnings on 01/28/2021 before market open. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.52. The reported EPS for the same quarter last year was $0.85.
S&T Bancorp last posted its quarterly earnings results on October 22nd, 2020. The financial services provider reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by $0.04. The business had revenue of $85.76 million for the quarter, compared to analyst estimates of $84.59 million. S&T Bancorp has generated $3.09 earnings per share over the last year and currently has a price-to-earnings ratio of 50.1. S&T Bancorp has confirmed that its next quarterly earnings report will be published on Thursday, January 28th, 2021.
Analyst Opinion on S&T Bancorp (NASDAQ:STBA)
4 Wall Street analysts have issued ratings and price targets for S&T Bancorp in the last 12 months. Their average twelve-month price target is $28.25, predicting that the stock has a possible upside of 4.40%. The high price target for STBA is $29.00 and the low price target for STBA is $27.50. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of “Hold.”
S&T Bancorp has received a consensus rating of Hold. The company’s average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $28.25, S&T Bancorp has a forecasted upside of 4.4% from its current price of $27.06. S&T Bancorp has only been the subject of 1 research reports in the past 90 days.
Dividend Strength: S&T Bancorp (NASDAQ:STBA)
S&T Bancorp is a leading dividend payer. It pays a dividend yield of 4.03%, putting its dividend yield in the top 25% of dividend-paying stocks. S&T Bancorp has only been increasing its dividend for 1 years. The dividend payout ratio of S&T Bancorp is 36.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, S&T Bancorp will have a dividend payout ratio of 54.63% next year. This indicates that S&T Bancorp will be able to sustain or increase its dividend.
Insiders buying/selling: S&T Bancorp (NASDAQ:STBA)
In the past three months, S&T Bancorp insiders have not sold or bought any company stock. Only 2.18% of the stock of S&T Bancorp is held by insiders. 59.53% of the stock of S&T Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of S&T Bancorp (NASDAQ:STBA
Earnings for S&T Bancorp are expected to grow by 22.02% in the coming year, from $1.68 to $2.05 per share. The P/E ratio of S&T Bancorp is 50.11, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.72. The P/E ratio of S&T Bancorp is 50.11, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 21.51. S&T Bancorp has a P/B Ratio of 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.
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