S&T Bancorp (STBA) Declares $0.32 Dividend
S&T Bancorp said on January 25, 2023 that its board of directors declared a regular quarterly dividend of $0.32 per share ($1.28 annualized). Shareholders of record as of February 9, 2023 will receive the payment on February 23, 2023. Previously, the company paid $0.31 per share.
At the most recent share price of $35.23 / share, the stock's dividend yield was 3.63%. Additionally, the company's dividend payout ratio is 0.37, indicating it is retaining a low percentage of its earnings to reinvest in growth opportunities.
The company's 3-Year dividend growth rate is 0.14%, demonstrating that it has increased its dividend over time.
Analyst Price Forecast Suggests 0.11% Downside
As of January 30, 2023, the average one-year price target for S&T Bancorp is $35.19. The forecasts range from a low of $32.32 to a high of $37.80. The average price target represents a decrease of 0.11% from its latest reported closing price of $35.23.
The projected annual revenue for S&T Bancorp is $407MM, an increase of 11.39%. The projected annual EPS is $3.40, an increase of 13.22%.
Fund Sentiment
There are 445 funds or institutions reporting positions in S&T Bancorp. This is an increase of 18 owner(s) or 4.22%.
Average portfolio weight of all funds dedicated to US:STBA is 0.0899%, an increase of 12.9534%. Total shares owned by institutions increased in the last three months by 0.26% to 27,308K shares.
What are large shareholders doing?
IJR - iShares Core S&P Small-Cap ETF holds 2,733,139 shares representing 7.01% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,117,879 shares representing 2.87% ownership of the company. In it's prior filing, the firm reported owning 1,115,724 shares, representing an increase of 0.19%. The firm increased its portfolio allocation in STBA by 11.60% over the last quarter.
Charles Schwab Investment Management holds 962,362 shares representing 2.47% ownership of the company. In it's prior filing, the firm reported owning 895,619 shares, representing an increase of 6.94%. The firm increased its portfolio allocation in STBA by 2.39% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 943,233 shares representing 2.42% ownership of the company. In it's prior filing, the firm reported owning 957,606 shares, representing a decrease of 1.52%. The firm increased its portfolio allocation in STBA by 9.75% over the last quarter.
S&t Bank holds 869,516 shares representing 2.23% ownership of the company. In it's prior filing, the firm reported owning 878,218 shares, representing a decrease of 1.00%. The firm increased its portfolio allocation in STBA by 17.09% over the last quarter.
S & T Bancorp Background Information
(This description is provided by the company.)
S&T Bancorp, Inc. is a $9.0 billion bank holding company that is headquartered in Indiana, Pa. Its principal subsidiary, S&T Bank, was recently ranked #1 in customer satisfaction with retail banking in the Mid-Atlantic including best in communication and advice by J.D. Power. Established in 1902, S&T Bank operates in five markets including Western Pennsylvania, Central Pennsylvania, Northeast Ohio, Central Ohio, and Upstate New York.
This story originally appeared on Fintel.