S&T Bancorp, Inc. (NASDAQ:STBA – Get Free Report) announced a quarterly dividend on Wednesday, April 24th, Zacks reports. Shareholders of record on Thursday, May 9th will be paid a dividend of 0.33 per share by the financial services provider on Thursday, May 23rd. This represents a $1.32 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend is Wednesday, May 8th.
S&T Bancorp has increased its dividend payment by an average of 4.8% annually over the last three years and has increased its dividend every year for the last 3 years. S&T Bancorp has a dividend payout ratio of 44.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect S&T Bancorp to earn $2.96 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 44.6%.
S&T Bancorp Trading Down 0.9 %
NASDAQ STBA opened at $31.00 on Friday. S&T Bancorp has a 12 month low of $24.51 and a 12 month high of $36.28. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.07. The stock’s fifty day moving average price is $30.92 and its 200-day moving average price is $30.53. The stock has a market cap of $1.19 billion, a P/E ratio of 8.78 and a beta of 0.77.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of S&T Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd.
Check Out Our Latest Stock Report on STBA
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.
Further Reading
- Five stocks we like better than S&T Bancorp
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- How to Use Put Debit Spreads to Profit From Falling Stocks
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- Alphabet Changes the Narrative with Its First-Ever Dividend
- How is Compound Interest Calculated?
- 3 High-performing Stocks That Could Rip Once Markets Turn Back Up
Receive News & Ratings for S&T Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&T Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.