S&T Bancorp (NASDAQ:STBA) Sheds 9.4% This Week, as Yearly Returns Fall More in Line With Earnings Growth
S&T Bancorp (NASDAQ:STBA) Sheds 9.4% This Week, as Yearly Returns Fall More in Line With Earnings Growth
By buying an index fund, investors can approximate the average market return. But if you buy good businesses at attractive prices, your portfolio returns could exceed the average market return. For example, the S&T Bancorp, Inc. (NASDAQ:STBA) share price is up 38% in the last three years, clearly besting the market return of around 9.4% (not including dividends).
通過購買指數基金，投資者可以接近平均市場回報。但如果您以優惠的價格購買優質企業，您的投資組合回報率可能會超過平均市場回報率。例如，S&t Bancorp，Inc.（納斯達克股票代碼：STBA）的股價在過去三年中上漲了38％，明顯超過了市場回報率約9.4％（不包括分紅派息）。
While the stock has fallen 9.4% this week, it's worth focusing on the longer term and seeing if the stocks historical returns have been driven by the underlying fundamentals.
雖然股票本週下跌了9.4%，但值得關注的是，股票的歷史回報是否受基本面的支持。
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
儘管市場是一個強大的價格機制，但股票價格反映的不僅是潛在業務績效，還反映了投資者的情緒。 了解市場情緒隨時間的變化的一種方法是查看公司的股價與每股收益（EPS）之間的互動。
During three years of share price growth, S&T Bancorp achieved compound earnings per share growth of 11% per year. This EPS growth is remarkably close to the 11% average annual increase in the share price. That suggests that the market sentiment around the company hasn't changed much over that time. Au contraire, the share price change has arguably mimicked the EPS growth.
在三年的股價增長期間，S&t Bancorp公司的複合每股收益增長率爲11％/年。這種EPS增長率與股價平均年增長率11％非常接近。這表明該公司的市場情緒在此期間沒有發生太大變化。反之，股價變化可以說在模仿EPS增長。
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
下面可以看到每股收益隨時間的變化情況（通過點擊圖像來查看確切數值）。
It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. This free interactive report on S&T Bancorp's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
值得注意的是，該公司CEO的薪酬低於同等規模公司的中位數。但是，雖然CEO報酬值得檢查，但真正重要的問題是公司是否能夠在未來增加收益。如果您想進一步調查該股票，S&t Bancorp的收益，營業收入和現金流的免費互動報告是一個很好的起點。
What About Dividends?
那麼分紅怎麼樣呢？
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for S&T Bancorp the TSR over the last 3 years was 54%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!
在考慮投資回報時，重要的是考慮總股東回報（TSR）和股價回報之間的差異。股價回報僅反映了股價的變化，而TSR包括股息的價值（假設它們已再投資）和任何折扣後的融資或剝離的好處。可以說，對於支付股息的股票，TSR提供了更完整的圖片。我們注意到，在過去的3年中，S&t Bancorp的TSR爲54％，優於上述股價回報。這主要是其分紅支付的結果！
A Different Perspective
不同的觀點
It's nice to see that S&T Bancorp shareholders have received a total shareholder return of 36% over the last year. That's including the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 7% per year), it would seem that the stock's performance has improved in recent times. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. It's always interesting to track share price performance over the longer term. But to understand S&T Bancorp better, we need to consider many other factors. Even so, be aware that S&T Bancorp is showing 2 warning signs in our investment analysis , and 1 of those doesn't sit too well with us...
很高興看到，S&t Bancorp的股東在過去一年中獲得了36％的總股東回報，包括紅利。由於一年的TSR優於五年的TSR（後者爲每年7％），這表明該股票的表現在最近有所改善。在最好的情況下，這可能暗示着一些真正的業務動力，表明現在可能是深入了解的好時機。長期追蹤股價表現總是很有趣的。但是，要更好地了解S&t Bancorp，我們需要考慮許多其他因素。即便如此，需要注意的是，S&t Bancorp在我們的投資分析中顯示了2個警告信號，其中有1個並不理想。
For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket.
對於那些喜歡尋找獲勝投資的人來說，最近有內部購買的低估公司免費列表可能是一個很好的選擇。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
請注意，本文所引述的市場回報反映了目前在美國交易所上市的股票的市場加權平均回報。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有任何反饋？對內容有任何疑慮？請直接與我們聯繫。或者，發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有任何反饋？對內容有任何疑慮？請直接與我們聯繫。或者，發送電子郵件至editorial-team@simplywallst.com。
譯文內容由第三人軟體翻譯。