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S&T Bancorp

Nasdaq:STBA
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
STBA
Nasdaq
$1B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

S&T Bancorp, Inc. operates as the bank holding company for S&T Bank that provides retail and commercial banking products and services. The last earnings update was 55 days ago. More info.


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STBA Share Price and Events
7 Day Returns
-2.5%
NasdaqGS:STBA
0.3%
US Banks
1.4%
US Market
1 Year Returns
-16.8%
NasdaqGS:STBA
-6.8%
US Banks
4.9%
US Market
STBA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
S&T Bancorp (STBA) -2.5% -5.6% -6.1% -16.8% 59% 44.9%
US Banks 0.3% -0.2% 3.6% -6.8% 55.8% 40%
US Market 1.4% 3.8% 3.5% 4.9% 44.8% 40.1%
1 Year Return vs Industry and Market
  • STBA underperformed the Banks industry which returned -6.8% over the past year.
  • STBA underperformed the Market in United States of America which returned 4.9% over the past year.
Price Volatility
STBA
Industry
5yr Volatility vs Market

Value

 Is S&T Bancorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of S&T Bancorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for S&T Bancorp.

NasdaqGS:STBA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $31.79 * 9%
$2.85
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. $31.79
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:STBA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.59 (1 + (1- 21%) (32.82%))
0.828
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.828 * 5.96%)
7.66%

Discounted Cash Flow Calculation for NasdaqGS:STBA using Excess Returns Model Model

The calculations below outline how an intrinsic value for S&T Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:STBA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9% – 7.66%) * $31.79)
$0.41
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.41 / (7.66% - 2.73%)
$8.35
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $31.79 + $8.35
$40.14
NasdaqGS:STBA Discount to Share Price
Calculation Result
Value per share (USD) From above. $40.14
Current discount Discount to share price of $36.84
= -1 x ($36.84 - $40.14) / $40.14
8.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price S&T Bancorp is available for.
Intrinsic value
8%
Share price is $36.84 vs Future cash flow value of $40.14
Current Discount Checks
For S&T Bancorp to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • S&T Bancorp's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • S&T Bancorp's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for S&T Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are S&T Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:STBA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.93
NasdaqGS:STBA Share Price ** NasdaqGS (2019-06-25) in USD $36.84
United States of America Banks Industry PE Ratio Median Figure of 600 Publicly-Listed Banks Companies 12.59x
United States of America Market PE Ratio Median Figure of 3,095 Publicly-Listed Companies 17.73x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of S&T Bancorp.

NasdaqGS:STBA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:STBA Share Price ÷ EPS (both in USD)

= 36.84 ÷ 2.93

12.55x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • S&T Bancorp is good value based on earnings compared to the US Banks industry average.
  • S&T Bancorp is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does S&T Bancorp's expected growth come at a high price?
Raw Data
NasdaqGS:STBA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.55x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
14.6%per year
United States of America Banks Industry PEG Ratio Median Figure of 271 Publicly-Listed Banks Companies 1.33x
United States of America Market PEG Ratio Median Figure of 2,133 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

NasdaqGS:STBA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.55x ÷ 14.6%

0.86x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • S&T Bancorp is good value based on expected growth next year.
Price based on value of assets
What value do investors place on S&T Bancorp's assets?
Raw Data
NasdaqGS:STBA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $27.47
NasdaqGS:STBA Share Price * NasdaqGS (2019-06-25) in USD $36.84
United States of America Banks Industry PB Ratio Median Figure of 603 Publicly-Listed Banks Companies 1.18x
United States of America Market PB Ratio Median Figure of 5,255 Publicly-Listed Companies 1.79x
NasdaqGS:STBA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:STBA Share Price ÷ Book Value per Share (both in USD)

= 36.84 ÷ 27.47

1.34x

* Primary Listing of S&T Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • S&T Bancorp is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess S&T Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. S&T Bancorp has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is S&T Bancorp expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is S&T Bancorp expected to grow at an attractive rate?
  • S&T Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • S&T Bancorp's earnings growth is expected to exceed the United States of America market average.
  • S&T Bancorp's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:STBA Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:STBA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 14.6%
NasdaqGS:STBA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 13.2%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.8%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:STBA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:STBA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 373 134 1
2020-12-31 354 125 3
2019-12-31 302 96 2
NasdaqGS:STBA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 264 121 102
2018-12-31 264 128 105
2018-09-30 265 116 88
2018-06-30 262 127 79
2018-03-31 268 122 81
2017-12-31 264 114 73
2017-09-30 254 108 81
2017-06-30 248 105 79
2017-03-31 238 101 73
2016-12-31 234 97 71
2016-09-30 232 71 71
2016-06-30 228 79 69

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • S&T Bancorp's earnings are expected to grow by 14.6% yearly, however this is not considered high growth (20% yearly).
  • S&T Bancorp's revenue is expected to grow by 13.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:STBA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from S&T Bancorp Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:STBA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 3.45 3.45 3.45 1.00
2020-12-31 3.22 3.31 3.03 4.00
2019-12-31 2.75 2.96 2.62 4.00
NasdaqGS:STBA Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.93
2018-12-31 3.02
2018-09-30 2.52
2018-06-30 2.28
2018-03-31 2.32
2017-12-31 2.09
2017-09-30 2.34
2017-06-30 2.27
2017-03-31 2.11
2016-12-31 2.05
2016-09-30 2.05
2016-06-30 1.99

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • S&T Bancorp is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess S&T Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
S&T Bancorp has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has S&T Bancorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare S&T Bancorp's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • S&T Bancorp's year on year earnings growth rate has been positive over the past 5 years.
  • S&T Bancorp's 1-year earnings growth exceeds its 5-year average (26.2% vs 12.3%)
  • S&T Bancorp's earnings growth has not exceeded the US Banks industry average in the past year (26.2% vs 40.7%).
Earnings and Revenue History
S&T Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from S&T Bancorp Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:STBA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 263.74 101.81 118.26
2018-12-31 264.05 105.03 114.25
2018-09-30 265.12 87.52 114.83
2018-06-30 262.44 79.37 114.05
2018-03-31 268.20 80.68 114.55
2017-12-31 264.21 72.73 116.27
2017-09-30 254.45 81.06 114.76
2017-06-30 248.48 78.93 113.49
2017-03-31 237.82 73.24 111.40
2016-12-31 233.56 71.17 111.69
2016-09-30 231.69 70.91 109.97
2016-06-30 228.17 68.95 107.89
2016-03-31 230.70 70.06 107.75
2015-12-31 224.58 66.80 101.79
2015-09-30 215.52 63.90 98.41
2015-06-30 205.56 59.96 94.92
2015-03-31 197.09 56.54 91.74
2014-12-31 188.61 57.75 89.74
2014-09-30 189.08 55.13 89.75
2014-06-30 185.47 52.73 89.40
2014-03-31 182.15 52.11 88.30
2013-12-31 178.52 50.39 89.12
2013-09-30 175.49 48.07 88.15
2013-06-30 177.33 48.40 87.96
2013-03-31 170.21 42.89 87.28
2012-12-31 164.32 34.07 85.93
2012-09-30 166.33 33.83 84.33
2012-06-30 162.77 33.52 81.19

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • S&T Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • S&T Bancorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if S&T Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess S&T Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
S&T Bancorp has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is S&T Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of S&T Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from S&T Bancorp Company Filings, last reported 2 months ago.

NasdaqGS:STBA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 943.16 373.78 127.89
2018-12-31 935.76 609.14 122.50
2018-09-30 919.78 678.74 140.39
2018-06-30 907.13 742.68 144.49
2018-03-31 895.41 666.71 117.79
2017-12-31 884.03 686.14 84.25
2017-09-30 887.58 788.14 119.71
2017-06-30 871.06 755.95 131.78
2017-03-31 855.18 722.14 110.55
2016-12-31 841.96 778.15 109.88
2016-09-30 838.71 682.17 141.16
2016-06-30 825.05 676.98 112.56
2016-03-31 810.80 592.35 137.48
2015-12-31 792.24 592.03 66.86
2015-09-30 787.80 500.40 130.15
2015-06-30 771.23 451.85 157.98
2015-03-31 762.26 329.52 138.76
2014-12-31 608.39 398.53 81.00
2014-09-30 605.90 365.71 156.14
2014-06-30 597.19 290.34 144.61
2014-03-31 583.65 218.44 198.83
2013-12-31 571.31 254.71 82.47
2013-09-30 555.43 292.30 251.22
2013-06-30 546.85 282.82 263.19
2013-03-31 544.61 249.07 281.99
2012-12-31 537.42 285.67 325.33
2012-09-30 534.24 229.98 372.71
2012-06-30 510.58 272.05 428.66
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • S&T Bancorp has an acceptable proportion of non-loan assets held.
  • S&T Bancorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at S&T Bancorp are broadly funded by customer deposits.
  • S&T Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • S&T Bancorp has a sufficient allowance for bad loans.
  • S&T Bancorp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess S&T Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. S&T Bancorp has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is S&T Bancorp's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.93%
Current annual income from S&T Bancorp dividends. Estimated to be 2.95% next year.
If you bought $2,000 of S&T Bancorp shares you are expected to receive $59 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • S&T Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • S&T Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.73%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:STBA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 479 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2012 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:STBA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.08 1.00
2020-12-31 1.10 4.00
2019-12-31 1.08 4.00
NasdaqGS:STBA Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-16 1.080 2.796
2019-01-29 1.080 2.706
2018-10-16 1.080 2.702
2018-07-17 1.000 2.238
2018-04-17 1.000 2.265
2018-01-23 0.880 2.166
2017-10-17 0.880 2.173
2017-07-18 0.800 2.138
2017-04-18 0.800 2.262
2017-01-24 0.800 2.250
2016-10-18 0.800 2.296
2016-07-21 0.760 2.755
2016-04-26 0.760 3.013
2016-02-01 0.760 2.970
2015-11-03 0.760 2.486
2015-10-20 0.760 2.348
2015-08-05 0.720 2.320
2015-07-21 0.720 2.310
2015-05-06 0.720 2.525
2015-04-21 0.720 2.643
2015-02-23 0.720 2.481
2015-01-27 0.720 2.540
2014-11-05 0.720 2.540
2014-10-28 0.720 2.631
2014-07-29 0.680 2.759
2014-04-29 0.680 2.827
2014-01-28 0.640 2.770
2013-10-29 0.640 2.592
2013-07-23 0.600 2.501
2013-04-23 0.600 3.043
2013-01-29 0.600 3.296
2012-10-23 0.600 3.409
2012-07-24 0.600 3.482
2012-04-24 0.600 3.346
2012-01-24 0.600 2.786
2011-10-25 0.600 3.164
2011-07-26 0.600 3.459
2011-04-27 0.600 3.277
2011-01-18 0.600 2.738
2010-10-19 0.600 2.833
2010-07-21 0.600 3.284
2010-04-20 0.600 2.791
2010-02-26 0.600 2.940
2010-01-25 0.600 3.495
2009-09-22 0.600 3.871

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of S&T Bancorp's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3x coverage).
X
Income/ dividend checks
We assess S&T Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can S&T Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. S&T Bancorp has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of S&T Bancorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Todd Brice
COMPENSATION $1,262,779
AGE 56
TENURE AS CEO 11.2 years
CEO Bio

Mr. Todd D. Brice has been the Chief Executive Officer of S&T BanCorp Inc. and its subsidiary S&T Bank since April 21, 2008. Mr. Brice served as the Chief Operating Officer of S&T BanCorp. Inc. and S&T Bank from August 16, 2004 to April 21, 2008. Mr. Brice served as President of S&T Bancorp Inc since April 21, 2008 until January 7, 2019. He served as an Executive Vice President of S&T BanCorp. Inc. and S&T Bank from January 1, 2003 to August 16, 2004. He has been employed by S&T Bank as a Commercial Loan Officer since September 1985. Mr. Brice has been a Director of S&T BanCorp, Inc., since 2005 and S&T Bank since March 2005. Mr. Brice served as a Director of Pittsburgh for The Federal Reserve Bank of Cleveland since January 1, 2008. He holds a BA graduate of Grove City College. He attended Graduate School of Banking at the University of Wisconsin.

CEO Compensation
  • Todd's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Todd's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the S&T Bancorp management team in years:

7.4
Average Tenure
56
Average Age
  • The average tenure for the S&T Bancorp management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Todd Brice

TITLE
CEO & Director
COMPENSATION
$1M
AGE
56
TENURE
11.2 yrs

Dave Antolik

TITLE
President
COMPENSATION
$665K
AGE
51
TENURE
0.4 yrs

Mark Kochvar

TITLE
Senior EVP & CFO
COMPENSATION
$588K
AGE
57
TENURE
9.3 yrs

David Ruddock

TITLE
Senior EVP & COO
COMPENSATION
$566K
AGE
56
TENURE
6.2 yrs

Jim Mill

TITLE
Chief Information Officer & Executive VP
TENURE
3.9 yrs

George Basara

TITLE
Executive VP
AGE
59
TENURE
4.4 yrs

Rich Fiscus

TITLE
Executive VP Retail Banking Division Manager
AGE
62
TENURE
7.4 yrs

Rob Jorgenson

TITLE
Executive VP & Marketing Division Manager
AGE
53
TENURE
14.3 yrs

Steve Drahnak

TITLE
Market President of Pennsylvania Region
AGE
47
TENURE
7.4 yrs

Ernest Draganza

TITLE
Senior EVP
COMPENSATION
$609K
AGE
53
TENURE
9.3 yrs
Board of Directors Tenure

Average tenure and age of the S&T Bancorp board of directors in years:

4.3
Average Tenure
61
Average Age
  • The tenure for the S&T Bancorp board of directors is about average.
Board of Directors

Olson Toretti

TITLE
Chairman
COMPENSATION
$179K
AGE
61
TENURE
1.1 yrs

Todd Brice

TITLE
CEO & Director
COMPENSATION
$1M
AGE
56
TENURE
14.3 yrs

Dave Antolik

TITLE
President
COMPENSATION
$665K
AGE
51
TENURE
0.4 yrs

Richard Brok

TITLE
VP & Wealth Management Adviser

Jeffrey Grube

TITLE
Director
COMPENSATION
$99K
AGE
64

Frank Palermo

TITLE
Director
COMPENSATION
$111K
AGE
65
TENURE
6.4 yrs

Steven Weingarten

TITLE
Director
COMPENSATION
$95K
AGE
59
TENURE
4.3 yrs

Frank Jones

TITLE
Director
COMPENSATION
$82K
AGE
73
TENURE
22.4 yrs

Jim Gibson

TITLE
Director
COMPENSATION
$95K
AGE
62
TENURE
4.3 yrs

Jerry Hostetter

TITLE
Director
COMPENSATION
$80K
AGE
56
TENURE
4.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by S&T Bancorp individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
11. Jun 19 Buy Todd Brice Individual 10. Jun 19 10. Jun 19 2,036 $37.31 $75,953
11. Jun 19 Buy Robert Kane Individual 07. Jun 19 07. Jun 19 3,000 $36.75 $110,250
11. Jun 19 Buy Jerry Hostetter Individual 07. Jun 19 07. Jun 19 473 $36.69 $17,350
12. Mar 19 Buy James Gibson Individual 08. Mar 19 08. Mar 19 1,547 $38.96 $60,269
08. Mar 19 Buy James Gibson Individual 07. Mar 19 07. Mar 19 12,000 $38.92 $466,691
15. Nov 18 Buy Robert Kane Individual 12. Nov 18 12. Nov 18 1,000 $41.13 $41,130
30. Aug 18 Sell James Miller Individual 29. Aug 18 29. Aug 18 -5,000 $46.44 $-232,200
22. Aug 18 Buy Christina Cassotis Individual 22. Aug 18 22. Aug 18 1,457 $46.50 $67,740
22. Aug 18 Sell Frank Jones Individual 20. Aug 18 20. Aug 18 -600 $45.58 $-27,350
X
Management checks
We assess S&T Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. S&T Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Need To Know: S&T Bancorp, Inc. (NASDAQ:STBA) Insiders Have Been Buying Shares

NasdaqGS:STBA Recent Insider Trading, June 25th 2019 S&amp;T Bancorp is not the only stock insiders are buying. … S&amp;T Bancorp Insiders Bought Stock Recently It's good to see that S&amp;T Bancorp insiders have made notable investments in the company's shares. … S&amp;T Bancorp insiders own about US$34m worth of shares.

Simply Wall St -

Is S&T Bancorp, Inc. (NASDAQ:STBA) Undervalued After Accounting For Its Future Growth?

Analysts are predicting good growth prospects for S&amp;T Bancorp over the next couple of years. … However, since S&amp;T Bancorp is a high-growth stock, we must also account for its earnings growth by using calculation called the PEG ratio. … A PE ratio of 12.73x and expected year-on-year earnings growth of 11% give S&amp;T Bancorp an acceptable PEG ratio of 1.12x.

Simply Wall St -

If You Had Bought S&T Bancorp (NASDAQ:STBA) Shares Five Years Ago You'd Have Made 61%

(NASDAQ:STBA) share price is up 61% in the last 5 years, clearly besting than the market return of around 38% (ignoring dividends). … During five years of share price growth, S&amp;T Bancorp achieved compound earnings per share (EPS) growth of 11% per year. … As it happens, S&amp;T Bancorp's TSR for the last 5 years was 82%, which exceeds the share price return mentioned earlier.

Simply Wall St -

What Makes S&T Bancorp, Inc. (NASDAQ:STBA) A Great Dividend Stock?

While S&amp;T Bancorp's 2.7% dividend yield is not the highest, we think its lengthy payment history is quite interesting. … Click the interactive chart for our full dividend analysis NasdaqGS:STBA Historical Dividend Yield, May 10th 2019 Payout ratios Companies (usually) pay dividends out of their earnings. … It's good to see S&amp;T Bancorp has been growing its earnings per share at 12% a year over the past 5 years.

Simply Wall St -

Here's Why We Think S&T Bancorp (NASDAQ:STBA) Is Well Worth Watching

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling short, can easily find investors. … Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. … In the chart below, you can see how the company has grown earnings, and revenue, over time.

Simply Wall St -

Can We See Significant Institutional Ownership On The S&T Bancorp, Inc. (NASDAQ:STBA) Share Register?

(NASDAQ:STBA), then you'll have to look at the makeup of its share registry. … It has a market capitalization of US$1.4b, which means it would generally expect to see some institutions on the share registry. … institutions are noticeable on the share registry.

Simply Wall St -

Need To Know: S&T Bancorp, Inc. (NASDAQ:STBA) Insiders Have Been Buying Shares

So we'll take a look at whether insiders have been buying or selling shares in S&T Bancorp, Inc. … We generally consider it a positive if insiders have been buying on market, even above the current price. … In the last twelve months there was more buying than selling by S&T Bancorp insiders

Simply Wall St -

Is S&T Bancorp, Inc. (NASDAQ:STBA) An Attractive Dividend Stock?

(NASDAQ:STBA) has paid a dividend to shareholders. … Does S&T Bancorp tick all the boxes of a great dividend stock? … 5 questions to ask before buying a dividend stock

Simply Wall St -

Does S&T Bancorp, Inc.'s (NASDAQ:STBA) CEO Pay Reflect Performance?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … And finally - as a second measure of performance - we will look at the returns shareholders have received over the last few years. … How Does Todd Brice's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Does S&T Bancorp, Inc. (NASDAQ:STBA) Have A Good P/E Ratio?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … That corresponds to an earnings yield of approximately 7.9%. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Company Info

Description

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. It also manages private investment accounts for individuals and institutions. In addition, the company distributes life insurance and long-term disability income insurance products, as well as offers title insurance agency services to commercial customers. As of December 31, 2018, it operated 58 branches located in 15 counties in Pennsylvania; 4 community banking branches and a leased branch in Ohio; and a loan production office in western New York. S&T Bancorp, Inc. was founded in 1902 and is headquartered in Indiana, Pennsylvania.

Details
Name: S&T Bancorp, Inc.
STBA
Exchange: NasdaqGS
Founded: 1902
$1,265,032,881
34,338,569
Website: http://www.stbancorp.com
Address: S&T Bancorp, Inc.
800 Philadelphia Street,
Indiana,
Pennsylvania, 15701,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS STBA Common Stock Nasdaq Global Select US USD 21. Apr 1992
Number of employees
Current staff
Staff numbers
1,040
S&T Bancorp employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/25 23:48
End of day share price update: 2019/06/25 00:00
Last estimates confirmation: 2019/06/20
Last earnings filing: 2019/05/01
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.