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

S&T Bancorp, Inc. (NASDAQ:STBA) – Equities research 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 anticipates that the financial services provider will earn $0.76 per share 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.

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

S&T Bancorp Trading Up 1.2 %

NASDAQ STBA opened at $31.15 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.07. S&T Bancorp has a 52 week low of $24.51 and a 52 week high of $36.28. The stock has a market capitalization of $1.19 billion, a PE ratio of 8.82 and a beta of 0.77. The firm has a 50 day moving average of $30.95 and a two-hundred day moving average of $30.52.

S&T Bancorp (NASDAQ:STBA) last posted its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.86 by $0.10. S&T Bancorp had a net margin of 24.68% and a return on equity of 10.86%. The company had revenue of $103.17 million during the quarter, compared to analysts’ expectations of $100.10 million.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Graham Capital Management L.P. boosted its holdings in shares of S&T Bancorp by 83.0% in the 3rd quarter. Graham Capital Management L.P. now owns 14,548 shares of the financial services provider’s stock valued at $394,000 after buying an additional 6,600 shares in the last quarter. Boston Partners boosted its holdings in shares of S&T Bancorp by 10.2% in the 3rd quarter. Boston Partners now owns 416,015 shares of the financial services provider’s stock valued at $11,156,000 after buying an additional 38,443 shares in the last quarter. Clearbridge Investments LLC acquired a new position in shares of S&T Bancorp in the 3rd quarter valued at $1,152,000. Waldron Private Wealth LLC boosted its holdings in shares of S&T Bancorp by 581.2% in the 3rd quarter. Waldron Private Wealth LLC now owns 146,558 shares of the financial services provider’s stock valued at $3,968,000 after buying an additional 125,042 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of S&T Bancorp by 6.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 9,104 shares of the financial services provider’s stock valued at $247,000 after buying an additional 512 shares in the last quarter. Institutional investors and hedge funds own 65.22% of the company’s stock.

S&T Bancorp Company Profile

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.