DA Davidson Has Negative View of S&T Bancorp FY2026 Earnings

S&T Bancorp, Inc. (NASDAQ:STBA) – Equities research analysts at DA Davidson lowered their FY2026 EPS estimates for S&T Bancorp in a research report issued to clients and investors on Tuesday, July 1st. DA Davidson analyst M. Navas now expects that the financial services provider will earn $3.40 per share for the year, down from their previous estimate of $3.50. The consensus estimate for S&T Bancorp’s current full-year earnings is $3.05 per share.

A number of other brokerages have also recently weighed in on STBA. Wall Street Zen raised shares of S&T Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, June 28th. Keefe, Bruyette & Woods dropped their price objective on shares of S&T Bancorp from $44.00 to $43.00 and set a “market perform” rating for the company in a research note on Monday, April 28th. Finally, Hovde Group began coverage on shares of S&T Bancorp in a research note on Friday, June 27th. They set a “market perform” rating and a $41.00 price objective for the company.

S&T Bancorp Trading Up 1.2%

Shares of S&T Bancorp stock opened at $39.84 on Thursday. S&T Bancorp has a 12-month low of $30.84 and a 12-month high of $45.79. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.53 billion, a PE ratio of 11.48 and a beta of 0.89. The company has a 50-day moving average of $37.37 and a two-hundred day moving average of $37.56.

S&T Bancorp (NASDAQ:STBA) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.13. The firm had revenue of $93.75 million during the quarter, compared to the consensus estimate of $96.40 million. S&T Bancorp had a net margin of 23.84% and a return on equity of 9.71%.

S&T Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were issued a $0.34 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.41%. S&T Bancorp’s dividend payout ratio (DPR) is presently 39.19%.

Hedge Funds Weigh In On S&T Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in STBA. Proficio Capital Partners LLC purchased a new stake in S&T Bancorp during the 4th quarter worth $1,310,000. Smartleaf Asset Management LLC increased its stake in S&T Bancorp by 67.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the financial services provider’s stock worth $48,000 after buying an additional 502 shares during the period. Bailard Inc. purchased a new stake in S&T Bancorp during the 4th quarter worth $206,000. Charles Schwab Investment Management Inc. increased its stake in S&T Bancorp by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,493,127 shares of the financial services provider’s stock worth $57,067,000 after buying an additional 60,617 shares during the period. Finally, Victory Capital Management Inc. increased its stake in S&T Bancorp by 86.3% during the 4th quarter. Victory Capital Management Inc. now owns 19,985 shares of the financial services provider’s stock worth $764,000 after buying an additional 9,260 shares during the period. Institutional investors and hedge funds own 65.22% of the company’s stock.

S&T Bancorp Company Profile

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.