S&T Bancorp (STBA) Expected to Announce Quarterly Earnings on Thursday

S&T Bancorp (NASDAQ:STBA) is projected to announce its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.78 per share and revenue of $96.90 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

S&T Bancorp Trading Down 0.3 %

NASDAQ STBA opened at $38.16 on Wednesday. The company’s 50-day moving average price is $39.80 and its 200-day moving average price is $40.66. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.08. The stock has a market cap of $1.46 billion, a PE ratio of 10.87 and a beta of 0.84. S&T Bancorp has a 12 month low of $28.83 and a 12 month high of $45.79.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of S&T Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, October 24th.

Insiders Place Their Bets

In other S&T Bancorp news, Director Frank J. Palermo, Jr. sold 4,982 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $43.21, for a total transaction of $215,272.22. Following the completion of the sale, the director now directly owns 23,143 shares of the company’s stock, valued at approximately $1,000,009.03. This represents a 17.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.38% of the stock is owned by company insiders.

About S&T Bancorp

S&T Bancorp, Inc is a bank holding company, which engages in the provision of consumer, commercial, and small business banking services. It operates through the following segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.