S&T Bancorp, Inc. (NASDAQ:STBA) Receives Consensus Rating of “Hold” by Brokerages


Shares of S&T Bancorp, Inc. (NASDAQ:STBA – Get Rating) have been assigned a consensus recommendation of “Hold” by the six analysts who currently cover the company, reports MarketBeat Ratings. One analyst rated the stock with a sell recommendation, three assigned a hold recommendation and one issued a buy recommendation on the company. The 12-month average target price among brokerages that updated their coverage on the stock in the past year is $30.23.

Several brokerages have recently commented on STBA. DA Davidson reiterated a “neutral” rating on S&T Bancorp shares in a Friday, January 28 report. Zacks Investment Research upgraded S&T Bancorp from a “hold” rating to a “sell” rating in a Tuesday, Jan. 4 research report.

Shares of the NASDAQ STBA traded down $0.34 during Friday’s midday session, hitting $30.82. The company’s shares had a trading volume of 355,322 shares, compared to an average volume of 126,726. The company has a market capitalization of $1.13 billion, a PE ratio of 11.01 and a beta of 0, 69. The company has a debt ratio of 0.06, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a fifty-day moving average of $31.42 and a two-hundred-day moving average of $30.91. S&T Bancorp has a 52-week low of $27.02 and a 52-week high of $34.68.

S&T Bancorp (NASDAQ:STBA – Get Rating) last released its quarterly results on Thursday, January 27. The financial services provider reported earnings per share of $0.57 for the quarter, missing the consensus estimate of $0.63 per ($0.06). S&T Bancorp achieved a return on equity of 9.26% and a net margin of 31.18%. The company posted revenue of $84.54 million in the quarter, compared to analysts’ expectations of $83.45 million. In the same quarter a year earlier, the company posted earnings per share of $0.62. Analysts expect S&T Bancorp to post an EPS of 2.38 for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, February 24. Shareholders of record on Thursday, February 10 received a dividend of $0.29 per share. This represents an annualized dividend of $1.16 and a dividend yield of 3.76%. The ex-dividend date was Wednesday, February 9. S&T Bancorp’s payout ratio is currently 41.43%.

Several hedge funds have recently increased or reduced their holdings in the STBA. First Trust Advisors LP increased its position in shares of S&T Bancorp by 12.5% ​​during the 1st quarter. First Trust Advisors LP now owns 86,468 shares of the financial services provider valued at $3,418,000 after purchasing an additional 9,587 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new equity stake in S&T Bancorp during Q1, valued at approximately $115,000. Morgan Stanley increased its position in shares of S&T Bancorp by 36.4% during the second quarter. Morgan Stanley now owns 171,133 shares of the financial services provider valued at $5,356,000 after purchasing an additional 45,679 shares during the period. Royal Bank of Canada increased its position in shares of S&T Bancorp by 17.1% during the second quarter. Royal Bank of Canada now owns 8,358 shares of the financial services provider valued at $261,000 after purchasing an additional 1,223 shares during the period. Finally, AQR Capital Management LLC acquired a new stake in S&T Bancorp in the second quarter valued at approximately $356,000. 59.43% of the shares are currently held by hedge funds and other institutional investors.

About S&T Bancorp (Get an assessment)

S&T Bancorp, Inc is a bank holding company that provides financial services and insurance solutions to businesses and individuals. It offers traditional banking services, which include accepting term and demand deposits and making commercial and consumer loans, brokerage and trust services, including as executor and trustee in under wills and deeds and as guardian and custodian of employee benefits.

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