S & T Bancorp (STBA) Downgraded by BidaskClub

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

A number of other research firms also recently weighed in on STBA. Boenning Scattergood restated a hold rating on shares of S & T Bancorp in a research report on Friday, October 19th. ValuEngine upgraded S & T Bancorp from a sell rating to a hold rating in a research report on Thursday, November 8th. Finally, Zacks Investment Research upgraded S & T Bancorp from a hold rating to a strong-buy rating and set a $48.00 target price for the company in a research report on Tuesday, October 23rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. S & T Bancorp has a consensus rating of Hold and a consensus price target of $51.00.

S & T Bancorp stock opened at $38.94 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 1.21 and a beta of 0.67. S & T Bancorp has a 52 week low of $35.16 and a 52 week high of $47.77.

S & T Bancorp (NASDAQ:STBA) last posted its quarterly earnings data on Thursday, January 31st. The financial services provider reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The business had revenue of $70.94 million during the quarter, compared to analyst estimates of $72.94 million. S & T Bancorp had a return on equity of 11.52% and a net margin of 31.07%. Research analysts anticipate that S & T Bancorp will post 3.17 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Thursday, February 14th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, February 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.77%. S & T Bancorp’s payout ratio is currently 35.88%.

In other news, Director Robert Edward Kane bought 1,000 shares of the company’s stock in a transaction dated Monday, November 12th. The stock was bought at an average price of $41.13 per share, for a total transaction of $41,130.00. Following the completion of the transaction, the director now directly owns 4,775 shares in the company, valued at approximately $196,395.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.53% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its holdings in shares of S & T Bancorp by 17.0% during the 4th quarter. Rhumbline Advisers now owns 118,531 shares of the financial services provider’s stock valued at $4,485,000 after acquiring an additional 17,250 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in S & T Bancorp by 1.2% during the 4th quarter. Advisors Asset Management Inc. now owns 29,512 shares of the financial services provider’s stock worth $1,117,000 after buying an additional 342 shares during the period. Arizona State Retirement System lifted its holdings in S & T Bancorp by 6.2% during the 4th quarter. Arizona State Retirement System now owns 53,910 shares of the financial services provider’s stock worth $2,040,000 after buying an additional 3,125 shares during the period. Huntington National Bank acquired a new position in S & T Bancorp during the 4th quarter worth about $57,000. Finally, Vanguard Group Inc lifted its holdings in S & T Bancorp by 2.4% during the 3rd quarter. Vanguard Group Inc now owns 3,504,643 shares of the financial services provider’s stock worth $151,961,000 after buying an additional 82,592 shares during the period. Institutional investors and hedge funds own 60.25% of the company’s stock.

About S & T Bancorp

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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