Fintel reports that on April 6, 2023,
Keefe, Bruyette & Woods
maintained
coverage of S&T Bancorp (NASDAQ:STBA) with
a Market Perform recommendation.
Analyst Price Forecast Suggests 22.67% Upside
As of April 6, 2023,
the average one-year price target for S&T Bancorp is $37.23.
The forecasts range from a low of $34.34 to a high of $40.95.
The average price target represents an increase of 22.67% from its latest reported closing price of $30.35.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for S&T Bancorp
is $407MM, an increase of 11.39%.
The projected annual non-GAAP EPS
is $3.40.
S&T Bancorp Declares $0.32 Dividend
On January 25, 2023 the company declared a regular
quarterly dividend of $0.32 per share ($1.28 annualized).
Shareholders of record as of February 10, 2023
received the payment on February 23, 2023.
Previously, the company paid $0.31 per share.
At the current share price of $30.35 / share,
the stock’s dividend yield is 4.22%.
Looking back five years and taking a sample every week, the average dividend yield has been
3.54%,
the lowest has been 2.12%,
and the highest has been 6.35%.
The standard deviation of yields is 0.89 (n=237).
The current dividend yield is
0.77 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 0.37.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.14%,
demonstrating that it has increased its dividend over time.
What are Other Shareholders Doing?
VCSLX – Small Cap Index Fund
holds 14K shares
representing 0.04% ownership of the company.
In it’s prior filing, the firm reported owning 14K shares, representing
a decrease
of 0.33%.
The firm
increased
its portfolio allocation in STBA by 26.39% over the last quarter.
PENN SERIES FUNDS INC – Small Cap Index Fund
holds 1K shares
representing 0.00% ownership of the company.
No change in the last quarter.
Dfa Investment Dimensions Group Inc – Va U.s. Targeted Value Portfolio
holds 17K shares
representing 0.04% ownership of the company.
In it’s prior filing, the firm reported owning 17K shares, representing
an increase
of 1.88%.
The firm
decreased
its portfolio allocation in STBA by 10.66% over the last quarter.
JNL SERIES TRUST – JNL
holds 6K shares
representing 0.02% ownership of the company.
In it’s prior filing, the firm reported owning 5K shares, representing
an increase
of 12.14%.
The firm
increased
its portfolio allocation in STBA by 19.44% over the last quarter.
BBSC – JPMorgan BetaBuilders U.S. Small Cap Equity ETF
holds 17K shares
representing 0.04% ownership of the company.
In it’s prior filing, the firm reported owning 15K shares, representing
an increase
of 13.72%.
The firm
decreased
its portfolio allocation in STBA by 7.33% over the last quarter.
What is the Fund Sentiment?
There are 471 funds or institutions reporting positions in S&T Bancorp.
This is an increase
of
29
owner(s) or 6.56% in the last quarter.
Average portfolio weight of all funds dedicated to STBA is 0.10%,
an increase
of 10.62%.
Total shares owned by institutions decreased
in the last three months by 0.01% to 27,558K shares.
The put/call ratio of STBA is 4.85, indicating a
bearish
outlook.
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.
See all S&T Bancorp regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
