Somewhat Positive News Coverage Somewhat Unlikely to Affect S & T Bancorp (STBA) Stock Price

News stories about S & T Bancorp (NASDAQ:STBA) have been trending somewhat positive on Wednesday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. S & T Bancorp earned a news impact score of 0.24 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 47.1890552437588 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Shares of S & T Bancorp (NASDAQ STBA) opened at $40.52 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $1,420.00, a price-to-earnings ratio of 17.47 and a beta of 0.86. 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 posted its earnings results on Thursday, October 19th. The financial services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.05. The company had revenue of $71.01 million during the quarter, compared to analyst estimates of $73.70 million. S & T Bancorp had a return on equity of 9.41% and a net margin of 26.44%. During the same quarter in the prior year, the business earned $0.59 earnings per share. equities analysts forecast that S & T Bancorp will post 2.37 EPS for the current year.

Several brokerages recently issued reports on STBA. Piper Jaffray Companies reissued a “hold” rating and issued a $42.00 price objective on shares of S & T Bancorp in a research note on Tuesday. BidaskClub cut S & T Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Zacks Investment Research cut S & T Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, December 21st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $38.00 price objective on shares of S & T Bancorp in a research note on Tuesday, October 3rd. Finally, Boenning Scattergood reissued a “hold” rating on shares of S & T Bancorp in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $43.50.

In other S & T Bancorp news, Director Frank W. Jones sold 850 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $41.32, for a total transaction of $35,122.00. Following the completion of the sale, the director now owns 24,215 shares in the company, valued at $1,000,563.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James C. Miller sold 5,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $39.56, for a total value of $197,800.00. Following the sale, the director now owns 44,176 shares of the company’s stock, valued at approximately $1,747,602.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,051 shares of company stock valued at $485,000. 2.71% of the stock is owned by company insiders.

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S & T Bancorp Company Profile

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.

Insider Buying and Selling by Quarter for S & T Bancorp (NASDAQ:STBA)

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