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

S&T Bancorp, Inc. (NASDAQ:STBA) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Shareholders of record on Thursday, November 7th will be given a dividend of 0.34 per share by the financial services provider on Thursday, November 21st. This represents a $1.36 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend is Thursday, November 7th. This is an increase from S&T Bancorp’s previous quarterly dividend of $0.33.

S&T Bancorp has increased its dividend payment by an average of 4.8% annually over the last three years and has raised its dividend annually for the last 12 consecutive years. S&T Bancorp has a dividend payout ratio of 45.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect S&T Bancorp to earn $3.03 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 44.9%.

S&T Bancorp Stock Performance

Shares of STBA opened at $38.33 on Wednesday. The company has a market capitalization of $1.47 billion, a PE ratio of 10.92 and a beta of 0.80. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.99 and a current ratio of 0.99. The company’s 50 day moving average price is $40.73 and its 200 day moving average price is $37.13. S&T Bancorp has a 52 week low of $26.40 and a 52 week high of $45.79.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. DA Davidson boosted their price target on shares of S&T Bancorp from $32.00 to $41.00 and gave the company a “neutral” rating in a report on Friday, July 19th. StockNews.com upgraded shares of S&T Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, October 24th.

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.