STBA has been the subject of a number of other research reports. Raymond James reiterated a “neutral” rating on shares of S & T Bancorp in a research report on Thursday, September 10th. ValuEngine lowered S & T Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Stephens started coverage on S & T Bancorp in a report on Monday, June 1st. They set an “equal weight” rating and a $27.50 price objective on the stock. Finally, Zacks Investment Research lowered shares of S & T Bancorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Sell” and an average price target of $36.25.
Shares of NASDAQ STBA opened at $19.00 on Thursday. S & T Bancorp has a twelve month low of $18.82 and a twelve month high of $41.53. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average of $20.82 and a two-hundred day moving average of $23.92. The company has a market capitalization of $745.79 million, a price-to-earnings ratio of 21.11 and a beta of 0.57.
S & T Bancorp (NASDAQ:STBA) last released its earnings results on Thursday, July 30th. The financial services provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $85.37 million for the quarter, compared to the consensus estimate of $83.35 million. S & T Bancorp had a net margin of 7.60% and a return on equity of 7.66%. As a group, research analysts predict that S & T Bancorp will post 1.7 earnings per share for the current year.
Hedge funds have recently modified their holdings of the company. Nuveen Asset Management LLC raised its position in S & T Bancorp by 9.6% during the first quarter. Nuveen Asset Management LLC now owns 155,770 shares of the financial services provider’s stock valued at $4,256,000 after buying an additional 13,687 shares during the period. Geode Capital Management LLC grew its stake in S & T Bancorp by 7.0% during the 1st quarter. Geode Capital Management LLC now owns 574,626 shares of the financial services provider’s stock valued at $15,698,000 after acquiring an additional 37,416 shares in the last quarter. JFS Wealth Advisors LLC acquired a new position in shares of S & T Bancorp in the 2nd quarter valued at about $31,000. Victory Capital Management Inc. lifted its position in shares of S & T Bancorp by 13.7% in the first quarter. Victory Capital Management Inc. now owns 72,585 shares of the financial services provider’s stock worth $1,983,000 after purchasing an additional 8,729 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its holdings in shares of S & T Bancorp by 5.9% during the second quarter. Wedge Capital Management L L P NC now owns 138,712 shares of the financial services provider’s stock worth $3,253,000 after purchasing an additional 7,745 shares during the period. Institutional investors and hedge funds own 59.71% of the company’s stock.
S & T Bancorp Company Profile
S&T Bancorp, Inc operates as the bank holding company for S&T Bank that provides retail and commercial banking products and services. The company accepts time and demand deposits; and offers commercial and consumer loans, cash management services, and brokerage and trust services, as well as acts as guardian and custodian of employee benefits.
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