S&T Bancorp Shares Dip With Regional Bank ETF Moving Lower Ahead of Dividend
S&T Bancorp Inc. shares fell on Wednesday, retracing some of Tuesday’s move as regional bank stocks traded lower on the Nasdaq. S&T was recently at $44.94, off 40 cents from the last close, after reaching $45.39 earlier in the session at 1:48 p.m. EDT. S&T’s timing comes just ahead of its higher quarterly dividend. The board signed off on a $0.37-per-share cash payout, up a cent from the last quarter, for holders of record as of May 14 and payable May 28. But new buyers picking up shares Wednesday will miss out on this round of dividends.