NasdaqGS:STBA

Stock Analysis Report

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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. More Details


Snowflake Analysis

Flawless balance sheet established dividend payer.


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

Stable Share Price: STBA has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.7%

STBA

-3.5%

US Banks

-1.2%

US Market


1 Year Return

-45.9%

STBA

-28.0%

US Banks

19.5%

US Market

Return vs Industry: STBA underperformed the US Banks industry which returned -28% over the past year.

Return vs Market: STBA underperformed the US Market which returned 19.5% over the past year.


Shareholder returns

STBAIndustryMarket
7 Day-1.7%-3.5%-1.2%
30 Day3.8%1.0%5.8%
90 Day-16.6%-0.2%8.1%
1 Year-43.6%-45.9%-25.4%-28.0%22.3%19.5%
3 Year-46.9%-51.4%-18.0%-24.9%43.6%34.0%
5 Year-29.4%-38.7%17.5%2.9%87.3%66.1%

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?

25.21x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: STBA ($19.9) is trading above our estimate of fair value ($15.6)

Significantly Below Fair Value: STBA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: STBA is poor value based on its PE Ratio (25.2x) compared to the US Banks industry average (9.9x).

PE vs Market: STBA is poor value based on its PE Ratio (25.2x) compared to the US market (19x).


Price to Earnings Growth Ratio

PEG Ratio: STBA is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: STBA is good value based on its PB Ratio (0.7x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is S&T Bancorp forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

67.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: STBA's forecast earnings growth (67.6% per year) is above the savings rate (2.2%).

Earnings vs Market: STBA's earnings (67.6% per year) are forecast to grow faster than the US market (22.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: STBA's revenue (7.4% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: STBA's revenue (7.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: STBA's Return on Equity is forecast to be low in 3 years time (7.4%).


Next Steps

Past Performance

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

6.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: STBA has a large one-off loss of $13.1M impacting its June 30 2020 financial results.

Growing Profit Margin: STBA's current net profit margins (14.2%) are lower than last year (38.8%).


Past Earnings Growth Analysis

Earnings Trend: STBA's earnings have grown by 6.2% per year over the past 5 years.

Accelerating Growth: STBA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: STBA had negative earnings growth (-72.5%) over the past year, making it difficult to compare to the Banks industry average (-3%).


Return on Equity

High ROE: STBA's Return on Equity (2.6%) is considered low.


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


Financial Institutions Analysis

Asset Level: STBA's Assets to Equity ratio (8.3x) is low.

Allowance for Bad Loans: STBA has a sufficient allowance for bad loans (127%).

Low Risk Liabilities: 94% of STBA's liabilities are made up of primarily low risk sources of funding.

Loan Level: STBA has an appropriate level of Loans to Assets ratio (78%).

Low Risk Deposits: STBA's Loans to Deposits ratio (94%) is appropriate.

Level of Bad Loans: STBA has an appropriate level of bad loans (1.2%).


Next Steps

Dividend

What is S&T Bancorp current dividend yield, its reliability and sustainability?

5.63%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: STBA's dividend (5.63%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: STBA's dividend (5.63%) is in the top 25% of dividend payers in the US market (4.66%)


Stability and Growth of Payments

Stable Dividend: STBA's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (141.9%), STBA's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: STBA's dividends in 3 years are forecast to be covered by earnings (50.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.8yrs

Average management tenure


CEO

Todd Brice (58 yo)

12.5yrs

Tenure

US$2,024,100

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 ($USD2.02M) is about average for companies of similar size in the US market ($USD2.82M).

Compensation vs Earnings: Todd's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Todd Brice
CEO & Director12.5yrsUS$2.02m0.30%
$ 2.4m
David Antolik
President1.75yrsUS$1.12m0.22%
$ 1.7m
Mark Kochvar
Senior EVP & CFO10.67yrsUS$871.28k0.21%
$ 1.7m
Ernest Draganza
Senior EVP10.67yrsUS$816.81k0.11%
$ 852.1k
James Mill
Chief Information Officer & Executive VP5.25yrsno datano data
George Basara
Executive VP5.75yrsno data0.025%
$ 193.2k
Krista Martini
Vice President of Marketingno datano datano data
Richard Fiscus
Executive VP Retail Banking Division Manager8.75yrsno datano data
G. Jorgenson
Executive VP & Marketing Division Manager15.58yrsno datano data
Stephen Drahnak
Market President of Pennsylvania Region8.75yrsno datano data
William Kametz
Deputy Chief Credit Office & Executive VP6.33yrsno datano data
LaDawn Yesho
Chief Audit Executive & Executive VP11.42yrsno datano data

8.8yrs

Average Tenure

55yo

Average Age

Experienced Management: STBA's management team is seasoned and experienced (8.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Todd Brice
CEO & Director12.5yrsUS$2.02m0.30%
$ 2.4m
David Antolik
President1.75yrsUS$1.12m0.22%
$ 1.7m
Richard Brok
VP & Wealth Management Adviserno datano datano data
James Miller
Independent Director27.75yrsUS$104.20k0.15%
$ 1.2m
James Gibson
Independent Director5.58yrsUS$117.30k0.55%
$ 4.3m
Jeffrey Grube
Independent Director23.75yrsUS$120.20k0.082%
$ 639.8k
Michael Donnelly
Independent Director19.75yrsUS$107.20k0.084%
$ 654.2k
Christine Toretti
Independent Chairman2.42yrsUS$175.60k0.073%
$ 573.6k
Frank Palermo
Independent Director7.75yrsUS$130.60k0.056%
$ 438.7k
Steven Weingarten
Independent Director5.58yrsUS$122.50k0.22%
$ 1.7m
Jerry Hostetter
Independent Director5.58yrsUS$104.20k0.049%
$ 383.1k
Robert Kane
Independent Director3.42yrsUS$119.10k0.027%
$ 213.8k

5.6yrs

Average Tenure

62yo

Average Age

Experienced Board: STBA's board of directors are considered experienced (5.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14%.


Top Shareholders

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$781.108m
  • Shares outstanding: 39.25m
  • 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 operates through five segments: Commercial Real Estate, Co ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/19 23:57
End of Day Share Price2020/10/19 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.