S&T Bancorp, Inc. (NASDAQ:STBA) is expected to report third quarter earnings results, before market open, on Thursday 22nd October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.40 per share.
Looking ahead, the full year income are expected at $ 1.22 per share on the revenues of $ 343.10 million.
Previous Quarter Performance
S&T Bancorp, Inc. posted income for the second quarter of $ 0.34 per share, from the revenue of $ 85.37 million. The quarterly earnings reduced 56.41 percent compared with the same quarter last year. According to street consensus, STBA was expected to report 2Q20 income of $ 0.30 per share from revenue of $ 84.51 million. The bottom line results beat street analysts by $ 0.04 or 13.33 percent, at the same time, top line results outshined analysts by $ 0.86 million or 1.02 percent.
Stock Performance
Shares of S&T Bancorp, Inc. traded up $ 0.57 or 2.77 percent on Wednesday, reaching $ 21.12 with volume of 81.90 thousand shares. The stock opened down for the day at $ 20.53, after closing the previous day trading at $ 20.55.
According to the previous trading day, closing price of $ 20.55, representing a 21.02 % increase from the 52 week low of $ 16.98 and a 50.53 % decrease over the 52 week high of $ 41.54.
The company has a market capital of $ 828.99 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Stock Dividend Announcement
On October 20, 2020, the board of directors authorized quarterly dividend of $ 0.28 per share to holders of record as of the close of business on November 5, 2020, with payment date of November 19, 2020 and ex-dividend date on November 4, 2020.
Conference Call
S&T Bancorp, Inc. will be hosting a conference call at 1:00 PM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.stbancorp.com
S&T Bancorp, Inc. operates as the bank holding company for S&T Bank that provides retail and commercial banking products and services. The company accepts time and demand deposits; and offers commercial and consumer loans, cash management services, and brokerage and trust services, as well as acts as guardian and custodian of employee benefits.
