NasdaqGS:STBA

Stock Analysis Report

Executive Summary

S&T Bancorp, Inc. operates as the bank holding company for S&T Bank that provides retail and commercial banking products and services.

Snowflake

Fundamentals

Flawless balance sheet and good value.


Similar Companies

Share Price & News

How has S&T Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.0%

STBA

3.7%

US Banks

1.8%

US Market


1 Year Return

-12.8%

STBA

1.9%

US Banks

7.3%

US Market

Return vs Industry: STBA underperformed the US Banks industry which returned 1.9% over the past year.

Return vs Market: STBA underperformed the US Market which returned 7.3% over the past year.


Shareholder returns

STBAIndustryMarket
7 Day1.0%3.7%1.8%
30 Day-2.4%0.2%-0.7%
90 Day-2.6%2.5%0.06%
1 Year-10.4%-12.8%4.9%1.9%9.7%7.3%
3 Year36.0%26.5%51.7%41.2%46.3%36.9%
5 Year65.1%45.6%69.7%51.2%64.5%46.5%

Price Volatility Vs. Market

How volatile is S&T Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is S&T Bancorp undervalued compared to its fair value and its price relative to the market?

18.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: STBA ($36.36) is trading below our estimate of fair value ($44.81)

Significantly Undervalued: STBA is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: STBA is good value based on its PE Ratio (11.8x) compared to the Banks industry average (12.6x).

PE vs Market: STBA is good value based on its PE Ratio (11.8x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: STBA is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: STBA is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is S&T Bancorp forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

14.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: STBA's forecast earnings growth (14.5% per year) is above the savings rate (2.7%).

Earnings vs Market: STBA's earnings (14.5% per year) are forecast to grow slower than the US market (14.6% per year).

High Growth Earnings: STBA's earnings are forecast to grow, but not significantly.

Revenue vs Market: STBA's revenue (11.6% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: STBA's revenue (11.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: STBA's Return on Equity is forecast to be low in 3 years time (10%).


Next Steps

Past Performance

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

12.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: STBA's earnings have grown by 12.8% per year over the past 5 years.

Accelerating Growth: STBA's earnings growth over the past year (34.1%) exceeds its 5-year average (12.8% per year).

Earnings vs Industry: STBA earnings growth over the past year (34.1%) exceeded the Banks industry 30.5%.


Return on Equity

High ROE: STBA's Return on Equity (11.1%) is considered low.


Return on Assets

ROA vs Industry: STBA has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate STBA's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

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


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: STBA has a low level of unsold assets or inventory.

Debt Coverage by Assets: STBA's debt is not covered by short term assets (assets are 0.4x debt).


Financial Institutions Analysis

Asset Level: STBA's level of assets compared to its equity is low.

Allowance for Bad Loans: STBA has a sufficient allowance for bad loans.

Low Risk Liabilities: STBA's liabilities are made up of primarily low risk sources of funding.

Loan Level: STBA has an acceptable proportion of non-loan assets held.

Low Risk Deposits: STBA's loans are broadly funded by customer deposits.

Level of Bad Loans: STBA has an appropriate level of bad loans (0.75%)


Next Steps

Dividend

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

2.97%

Current Dividend Yield


Dividend Yield vs Market

company3.0%marketbottom25%1.5%markettop25%3.7%industryaverage3.0%forecastin3Years3.0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: STBA's dividend (2.97%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: STBA's dividend (2.97%) is low compared to the top 25% of dividend payers in the US market (3.72%).

Stable Dividend: STBA's dividend payments have been volatile in the past 10 years.

Growing Dividend: STBA's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (35%), STBA's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: STBA's dividends in 3 years are forecast to be well covered by earnings (35.4% payout ratio).


Next Steps

Management

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

7.8yrs

Average management tenure


CEO

Todd Brice (57yo)

11.5yrs

Tenure

US$1,262,779

Compensation

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 Ban ...


CEO Compensation Analysis

Compensation vs. Market: Todd's total compensation ($USD1.26M) is below average for companies of similar size in the US market ($USD4.07M).

Compensation vs Earnings: Todd's compensation has been consistent with company performance over the past year.


Management Age and Tenure

7.8yrs

Average Tenure

57yo

Average Age

Experienced Management: STBA's management team is seasoned and experienced (7.8 years average tenure).


Board Age and Tenure

6.8yrs

Average Tenure

62yo

Average Age

Experienced Board: STBA's board of directors are considered experienced (6.8 years average tenure).


Insider Trading

Insider Buying: STBA insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$65,89023 Jul 19
David Ruddock
EntityIndividual
Role
Chief Operating Officer
Senior EVP & COO
Shares1,768
Max PriceUS$37.36
BuyUS$75,95311 Jun 19
Todd Brice
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares2,035.87
Max PriceUS$37.31
BuyUS$110,25011 Jun 19
Robert Kane
EntityIndividual
Shares3,000
Max PriceUS$36.75
BuyUS$17,35011 Jun 19
Jerry Hostetter
EntityIndividual
Shares473
Max PriceUS$36.69
BuyUS$60,26912 Mar 19
James Gibson
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,547
Max PriceUS$38.96
BuyUS$466,69108 Mar 19
James Gibson
EntityIndividual
Role
Member of the Board of Directors
Director
Shares12,000
Max PriceUS$38.92
BuyUS$41,13015 Nov 18
Robert Kane
EntityIndividual
Shares1,000
Max PriceUS$41.13

Ownership Breakdown


Management Team

  • David Ruddock (57yo)

    Senior EVP & COO

    • Tenure: 6.5yrs
    • Compensation: US$565.55k
  • Todd Brice (57yo)

    CEO & Director

    • Tenure: 11.5yrs
    • Compensation: US$1.26m
  • Rich Fiscus (63yo)

    Executive VP Retail Banking Division Manager

    • Tenure: 7.8yrs
  • Mark Kochvar (58yo)

    Senior EVP & CFO

    • Tenure: 9.7yrs
    • Compensation: US$587.79k
  • Dave Antolik (52yo)

    President

    • Tenure: 0.8yrs
    • Compensation: US$665.04k
  • Rob Jorgenson (54yo)

    Executive VP & Marketing Division Manager

    • Tenure: 14.6yrs
  • Steve Drahnak (48yo)

    Market President of Pennsylvania Region

    • Tenure: 7.8yrs
  • Ernest Draganza (54yo)

    Senior EVP

    • Tenure: 9.7yrs
    • Compensation: US$609.11k
  • Jim Mill

    Chief Information Officer & Executive VP

    • Tenure: 4.3yrs
  • George Basara (60yo)

    Executive VP

    • Tenure: 4.8yrs

Board Members

  • Todd Brice (57yo)

    CEO & Director

    • Tenure: 11.5yrs
    • Compensation: US$1.26m
  • Jim Gibson (63yo)

    Director

    • Tenure: 4.6yrs
    • Compensation: US$94.64k
  • Jeffrey Grube (65yo)

    Director

    • Tenure: 22.8yrs
    • Compensation: US$99.44k
  • Frank Jones (74yo)

    Director

    • Tenure: 22.8yrs
    • Compensation: US$82.04k
  • Michael Donnelly (61yo)

    Director

    • Tenure: 18.8yrs
    • Compensation: US$81.74k
  • Dave Antolik (52yo)

    President

    • Tenure: 0.8yrs
    • Compensation: US$665.04k
  • Olson Toretti (62yo)

    Chairman

    • Tenure: 1.4yrs
    • Compensation: US$179.34k
  • Richard Brok

    VP & Wealth Management Adviser

    • Tenure: 0yrs
  • Frank Palermo (66yo)

    Director

    • Tenure: 6.8yrs
    • Compensation: US$110.74k
  • Steven Weingarten (60yo)

    Director

    • Tenure: 4.6yrs
    • Compensation: US$95.44k

Company Information

S&T Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: S&T Bancorp, Inc.
  • Ticker: STBA
  • Exchange: NasdaqGS
  • Founded: 1902
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$1.252b
  • Shares outstanding: 34.44m
  • Website: https://www.stbancorp.com

Number of Employees


Location

  • S&T Bancorp, Inc.
  • 800 Philadelphia Street
  • Indiana
  • Pennsylvania
  • 15701
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
STBANasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDApr 1992

Biography

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 an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 23:41
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.