S&T Bancorp, Inc. (NASDAQ:STBA) Plans Quarterly Dividend of $0.34

S&T Bancorp, Inc. (NASDAQ:STBAGet Free Report) declared a quarterly dividend on Wednesday, January 29th,RTT News reports. Investors of record on Thursday, February 13th will be paid a dividend of 0.34 per share by the financial services provider on Thursday, February 27th. This represents a $1.36 dividend on an annualized basis and a yield of 3.58%.

S&T Bancorp has raised its dividend payment by an average of 5.6% per year over the last three years and has increased its dividend annually for the last 13 consecutive years. S&T Bancorp has a dividend payout ratio of 41.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect S&T Bancorp to earn $3.02 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 45.0%.

S&T Bancorp Trading Down 0.3 %

STBA stock traded down $0.12 during mid-day trading on Wednesday, reaching $38.04. 161,394 shares of the stock traded hands, compared to its average volume of 153,100. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.08. S&T Bancorp has a 52-week low of $28.83 and a 52-week high of $45.79. The company has a market cap of $1.46 billion, a P/E ratio of 10.84 and a beta of 0.84. The stock’s fifty day moving average is $39.72 and its 200-day moving average is $40.64.

Insider Activity at S&T Bancorp

In other S&T Bancorp news, Director Frank J. Palermo, Jr. sold 4,982 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $43.21, for a total transaction of $215,272.22. Following the transaction, the director now owns 23,143 shares in the company, valued at $1,000,009.03. This trade represents a 17.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.38% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Research Report on S&T Bancorp

About S&T Bancorp

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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.

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Dividend History for S&T Bancorp (NASDAQ:STBA)

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