S & T Bancorp Inc (NASDAQ:STBA) declared a quarterly dividend on Tuesday, July 16th, RTT News reports. Shareholders of record on Thursday, August 1st will be given a dividend of 0.27 per share by the financial services provider on Thursday, August 15th. This represents a $1.08 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Wednesday, July 31st.

S & T Bancorp has raised its dividend payment by an average of 10.7% annually over the last three years and has raised its dividend annually for the last 6 consecutive years. S & T Bancorp has a dividend payout ratio of 37.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect S & T Bancorp to earn $3.18 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 34.0%.

Shares of NASDAQ STBA opened at $38.21 on Monday. The company has a market cap of $1.31 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 1.31 and a beta of 0.65. The firm has a 50 day moving average price of $37.47. S & T Bancorp has a 52 week low of $35.16 and a 52 week high of $47.77. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.12.

In related news, CEO Todd D. Brice bought 2,036 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was purchased at an average price of $37.31 per share, with a total value of $75,963.16. Following the completion of the transaction, the chief executive officer now directly owns 91,520 shares of the company’s stock, valued at $3,414,611.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider David P. Ruddock sold 1,768 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $37.27, for a total value of $65,893.36. Following the sale, the insider now directly owns 9,549 shares of the company’s stock, valued at approximately $355,891.23. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Several brokerages recently commented on STBA. BidaskClub raised Workhorse Group from a “hold” rating to a “buy” rating in a research note on Monday, July 15th. ValuEngine raised Xylem from a “hold” rating to a “buy” rating in a research note on Friday, June 21st. Boenning Scattergood reissued a “hold” rating on shares of Webster Financial in a research note on Monday, April 22nd. Finally, Zacks Investment Research cut GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $48.00.

S & T Bancorp Company Profile

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.

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Dividend History for S & T Bancorp (NASDAQ:STBA)

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