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Share Name | Share Symbol | Market | Type |
---|---|---|---|
S and T Bancorp Inc | NASDAQ:STBA | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.02 | 0.06% | 31.55 | 12.65 | 50.59 | 32.00 | 31.50 | 31.97 | 127,645 | 22:30:00 |
INDIANA, Pa., March 22, 2018 /PRNewswire/ -- The Board of Directors of S&T Bancorp, Inc. (S&T) (NASDAQ: STBA), the holding company for S&T Bank with locations in Pennsylvania, Ohio and New York authorized a $50 million share repurchase plan at its regular meeting held March 19, 2018. This repurchase authorization, which is effective through August 31, 2019, permits S&T to repurchase from time to time up to $50 million in aggregate value of shares of S&T's common stock through a combination of open market and privately negotiated repurchases. The specific timing, price and quantity of repurchases will be at the discretion of S&T and will depend on a variety of factors, including general market conditions, the trading price of the common stock, legal and contractual requirements and S&T's financial performance. The repurchase plan does not obligate S&T to repurchase any particular number of shares. S&T expects to fund any repurchases from cash on hand and internally generated funds.
About S&T Bancorp, Inc.
S&T Bancorp, Inc. is a $7.1 billion bank holding company that is headquartered in Indiana, Pa. and trades on the NASDAQ Global Select Market under the symbol STBA. Its principal subsidiary, S&T Bank, was established in 1902 and operates locations in Pennsylvania, Ohio and New York. For more information, visit www.stbancorp.com or www.stbank.com or call 800.325.2265.
View original content with multimedia:http://www.prnewswire.com/news-releases/st-bancorp-announces-approval-of-share-repurchase-plan-300617978.html
SOURCE S&T Bancorp, Inc.
Copyright 2018 PR Newswire
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