Revenue Update on S & T Bancorp Inc(NASDAQ:STBA)

S & T Bancorp Inc(NASDAQ:STBA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $62.16M. Analysts estimated a revenue of $63.53M. Earnings per share were $0.49. Analysts had estimated an EPS of $0.49.

S & T Bancorp Inc (STBA) shares turned negative on Wednesdays trading session with the shares closing down -0.02 points or -0.08% at a volume of 30,631. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $25.67. The peak price level was also seen at $25.67 while the days lowest was $25.25. Finally the shares closed at $25.48. The 52-week high of the shares is $34 while the 52-week low is $23.06. According to the latest information available, the market cap of the company is $889 M.

Several Insider Transactions has been reported to the SEC. On Jun 22, 2016, Melanie A Lazzari (Senior Vice President) purchased 9 shares at $25.49 per share price.Also, On Mar 30, 2016, Thomas J Ii Sposito (Sr Executive Vice President) purchased 240 shares at $25.67 per share price.On Mar 1, 2016, David Z Jr Richards (Executive Vice President) purchased 1,033 shares at $25.57 per share price, according to the Form-4 filing with the securities and exchange commission.

S&T Bancorp Inc. (S&T) is a bank holding company. The Company operates through its wholly owned subsidiaries including S&T Bank 9th Street Holdings Inc. and STBA Capital Trust I. S&T operates in three segments: Community Banking which offers services which include accepting time and demand deposits originating commercial and consumer loans and providing letters of credit and credit card services; Wealth Management which offers discount brokerage services services as executor and trustee under wills and deeds guardian and custodian of employee benefits and other trust and brokerage services as well as a registered investment advisor that manages private investment accounts for individuals and institutions and Insurance includes an insurance agency offering commercial property and casualty insurance group life and health coverage employee benefit solutions and personal insurance lines. S&T owns a one-half interest in Commonwealth Trust Credit Life Insurance Company.

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