S&T Bancorp Offers 3.26% Yield, YTD Shares Up 12.15% on 4.3% Dividend Hike
S&T Bancorp shares have gained 12.15% year-to-date while offering a $0.36 quarterly dividend, reflecting a 3.26% yield versus the Northeast banks' 2.41% industry average. The annualized dividend of $1.44 marks a 4.3% increase from last year on a 41% payout ratio, and EPS is projected at $3.66, representing 4.87% growth.
1. Dividend Profile
S&T Bancorp pays a quarterly dividend of $0.36 per share, equating to an annualized $1.44 and a 3.26% yield. The dividend has risen 4.3% year-over-year, supported by a moderate 41% payout ratio of trailing 12-month earnings.
2. Share Performance
The stock has climbed 12.15% year-to-date, outperforming many regional banking peers. This gain reflects investor interest in its income stability and dividend attractiveness relative to a 2.41% industry yield.
3. Earnings Outlook
Analysts project EPS of $3.66 for the current fiscal year, up 4.87% from last year, underpinning potential future dividend increases. Growth expectations stem from steady loan demand and controlled credit costs.
4. Analyst Ranking and Considerations
The shares carry a strong-buy consensus rating of #2, highlighting confidence in earnings stability and dividend continuity. Investors should monitor interest rate trends and regional economic conditions that could affect net interest margins.