S & T Bancorp (STBA) Rating Lowered to Sell at BidaskClub

BidaskClub lowered shares of S & T Bancorp (NASDAQ:STBA) from a hold rating to a sell rating in a research note published on Friday.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of S & T Bancorp from a hold rating to a buy rating and set a $46.00 target price for the company in a research note on Tuesday, October 24th. Keefe, Bruyette & Woods reissued a hold rating and set a $41.50 target price on shares of S & T Bancorp in a research note on Friday, October 20th. Boenning Scattergood reissued a hold rating on shares of S & T Bancorp in a research note on Friday, October 20th. Finally, Piper Jaffray Companies reissued a hold rating and set a $36.50 target price on shares of S & T Bancorp in a research note on Thursday, October 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company. The stock has an average rating of Hold and a consensus price target of $43.50.

S & T Bancorp (NASDAQ STBA) traded up $0.49 during mid-day trading on Friday, hitting $39.88. 102,600 shares of the stock were exchanged, compared to its average volume of 97,660. The stock has a market capitalization of $1,377.83, a PE ratio of 17.12 and a beta of 0.86. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.07. S & T Bancorp has a twelve month low of $31.72 and a twelve month high of $43.17.

S & T Bancorp (NASDAQ:STBA) last released its earnings results on Thursday, October 19th. The financial services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.05. The business had revenue of $71.01 million during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company earned $0.59 earnings per share. equities research analysts expect that S & T Bancorp will post 2.37 earnings per share for the current year.

In related news, Director James C. Miller sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $39.56, for a total transaction of $197,800.00. Following the transaction, the director now directly owns 44,176 shares in the company, valued at $1,747,602.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank W. Jones sold 850 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $41.32, for a total transaction of $35,122.00. Following the transaction, the director now owns 24,215 shares in the company, valued at $1,000,563.80. The disclosure for this sale can be found here. Insiders have sold 12,051 shares of company stock valued at $485,000 in the last three months. Corporate insiders own 2.71% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of STBA. KBC Group NV acquired a new position in S & T Bancorp during the second quarter worth about $161,000. Victory Capital Management Inc. boosted its position in S & T Bancorp by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,722 shares of the financial services provider’s stock worth $169,000 after acquiring an additional 708 shares during the last quarter. Advisor Group Inc. boosted its position in S & T Bancorp by 1.1% during the second quarter. Advisor Group Inc. now owns 4,894 shares of the financial services provider’s stock worth $175,000 after acquiring an additional 53 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in S & T Bancorp during the third quarter worth about $216,000. Finally, Crossmark Global Holdings Inc. acquired a new position in S & T Bancorp during the third quarter worth about $236,000. Hedge funds and other 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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