S&T Bancorp, Inc. (NASDAQ:STBA – Get 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
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
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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