Brokerages predict that S & T Bancorp Inc (NASDAQ:STBA) will announce $79.65 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for S & T Bancorp’s earnings, with the lowest sales estimate coming in at $77.19 million and the highest estimate coming in at $82.10 million. S & T Bancorp posted sales of $70.94 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.3%. The company is scheduled to report its next quarterly earnings results before the market opens on Thursday, January 30th.
On average, analysts expect that S & T Bancorp will report full-year sales of $298.85 million for the current fiscal year, with estimates ranging from $296.89 million to $300.81 million. For the next financial year, analysts forecast that the company will post sales of $343.82 million, with estimates ranging from $341.44 million to $346.20 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover S & T Bancorp.
S & T Bancorp (NASDAQ:STBA) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.03. S & T Bancorp had a net margin of 28.32% and a return on equity of 10.75%. The firm had revenue of $74.26 million during the quarter, compared to analyst estimates of $73.81 million.
Several research firms recently weighed in on STBA. BidaskClub lowered shares of S & T Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. ValuEngine upgraded shares of S & T Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research lowered shares of S & T Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday.
STBA traded down $0.16 during trading on Tuesday, hitting $39.99. 137,618 shares of the company traded hands, compared to its average volume of 197,514. The firm has a market cap of $1.38 billion, a P/E ratio of 13.42 and a beta of 0.66. The stock’s fifty day moving average is $39.52 and its 200 day moving average is $37.39. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.12. S & T Bancorp has a one year low of $33.30 and a one year high of $42.02.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Northern Trust Corp grew its position in S & T Bancorp by 1.0% during the second quarter. Northern Trust Corp now owns 931,863 shares of the financial services provider’s stock valued at $34,927,000 after buying an additional 9,380 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in S & T Bancorp by 1.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 200,671 shares of the financial services provider’s stock valued at $7,522,000 after purchasing an additional 2,064 shares during the last quarter. Morgan Stanley lifted its holdings in S & T Bancorp by 80.4% during the second quarter. Morgan Stanley now owns 177,190 shares of the financial services provider’s stock valued at $6,641,000 after purchasing an additional 78,995 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in S & T Bancorp during the second quarter valued at about $5,075,000. Finally, Rhumbline Advisers lifted its holdings in S & T Bancorp by 5.2% during the third quarter. Rhumbline Advisers now owns 128,259 shares of the financial services provider’s stock valued at $4,685,000 after purchasing an additional 6,351 shares during the last quarter. Institutional investors own 62.03% 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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