S & T Bancorp (STBA) Stock Rating Lowered by BidaskClub

BidaskClub lowered shares of S & T Bancorp (NASDAQ:STBA) from a hold rating to a sell rating in a report published on Friday, January 5th.

Several other research analysts have also recently weighed in on STBA. Keefe, Bruyette & Woods reiterated a hold rating and issued a $38.00 price target on shares of S & T Bancorp in a report on Tuesday, October 3rd. Piper Jaffray Companies restated a hold rating and set a $36.50 target price on shares of S & T Bancorp in a report on Thursday, October 19th. Boenning Scattergood restated a hold rating on shares of S & T Bancorp in a report on Friday, October 20th. Finally, Zacks Investment Research raised shares of S & T Bancorp from a hold rating to a buy rating and set a $46.00 price target on the stock in a research report on Tuesday, October 24th. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $43.50.

Shares of S & T Bancorp (STBA) traded up $0.24 during midday trading on Friday, hitting $41.86. 90,100 shares of the company’s stock were exchanged, compared to its average volume of 102,233. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.95 and a current ratio of 0.96. The company has a market capitalization of $1,464.23, a P/E ratio of 17.97 and a beta of 0.86. S & T Bancorp has a one year low of $31.72 and a one year high of $43.17.

S & T Bancorp (NASDAQ:STBA) last posted its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.05. The business had revenue of $71.01 million during the quarter, compared to the consensus estimate of $73.70 million. S & T Bancorp had a net margin of 26.44% and a return on equity of 9.41%. During the same period in the previous year, the firm posted $0.59 earnings per share. research analysts expect that S & T Bancorp will post 2.37 earnings per share for the current year.

In other S & T Bancorp news, Director David Krieger sold 1,201 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $41.78, for a total transaction of $50,177.78. Following the sale, the director now directly owns 18,045 shares in the company, valued at $753,920.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James C. Miller sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $39.56, for a total transaction of $197,800.00. Following the completion of the sale, the director now owns 44,176 shares in the company, valued at $1,747,602.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,051 shares of company stock worth $485,000. 2.71% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in S & T Bancorp by 2.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,708,404 shares of the financial services provider’s stock valued at $67,618,000 after buying an additional 45,817 shares during the last quarter. Macquarie Group Ltd. raised its holdings in S & T Bancorp by 11.0% in the 3rd quarter. Macquarie Group Ltd. now owns 1,164,433 shares of the financial services provider’s stock valued at $46,088,000 after buying an additional 115,210 shares during the last quarter. Northern Trust Corp raised its holdings in S & T Bancorp by 1.8% in the 2nd quarter. Northern Trust Corp now owns 951,893 shares of the financial services provider’s stock valued at $34,134,000 after buying an additional 16,887 shares during the last quarter. State Street Corp raised its holdings in S & T Bancorp by 2.8% in the 2nd quarter. State Street Corp now owns 840,779 shares of the financial services provider’s stock valued at $30,152,000 after buying an additional 23,227 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in S & T Bancorp by 2.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 287,660 shares of the financial services provider’s stock valued at $11,385,000 after buying an additional 8,119 shares during the last quarter. Institutional investors own 55.18% of the company’s stock.

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About S & T Bancorp

S&T Bancorp, Inc (S&T) is a bank holding company. The Company operates through three segments: Community Banking, Wealth Management and Insurance. The Community Banking segment offers services, which include accepting time and demand deposits, and originating commercial and consumer loans. The Wealth Management segment offers brokerage services, serves as executor and trustee under wills and deeds and as guardian and custodian of employee benefits and provides other trust services.

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