S & T Bancorp (STBA) – Investment Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of S & T Bancorp (NASDAQ: STBA) in the last few weeks:

  • 10/10/2019 – S & T Bancorp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “S & T BANCORP, INC. is a bank holding company which is engaged in general banking business. The Bank is a full service bank with its main office in Indiana, Pennsylvania, providing service to its customers through a branch of 34 offices located in Armstrong, Allegheny, Indiana, Jefferson, Clearfield and Westmoreland counties. The Bank’s services include accepting time and demand deposit accounts, making secured and unsecured commercial and consumer loans, providing letters of credit, and offering discount brokerage services, personal financial planning and credit card services. “
  • 10/8/2019 – S & T Bancorp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/4/2019 – S & T Bancorp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “S & T BANCORP, INC. is a bank holding company which is engaged in general banking business. The Bank is a full service bank with its main office in Indiana, Pennsylvania, providing service to its customers through a branch of 34 offices located in Armstrong, Allegheny, Indiana, Jefferson, Clearfield and Westmoreland counties. The Bank’s services include accepting time and demand deposit accounts, making secured and unsecured commercial and consumer loans, providing letters of credit, and offering discount brokerage services, personal financial planning and credit card services. “
  • 10/2/2019 – S & T Bancorp was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 9/24/2019 – S & T Bancorp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/24/2019 – S & T Bancorp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “S & T BANCORP, INC. is a bank holding company which is engaged in general banking business. The Bank is a full service bank with its main office in Indiana, Pennsylvania, providing service to its customers through a branch of 34 offices located in Armstrong, Allegheny, Indiana, Jefferson, Clearfield and Westmoreland counties. The Bank’s services include accepting time and demand deposit accounts, making secured and unsecured commercial and consumer loans, providing letters of credit, and offering discount brokerage services, personal financial planning and credit card services. “
  • 9/18/2019 – S & T Bancorp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/17/2019 – S & T Bancorp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “S & T BANCORP, INC. is a bank holding company which is engaged in general banking business. The Bank is a full service bank with its main office in Indiana, Pennsylvania, providing service to its customers through a branch of 34 offices located in Armstrong, Allegheny, Indiana, Jefferson, Clearfield and Westmoreland counties. The Bank’s services include accepting time and demand deposit accounts, making secured and unsecured commercial and consumer loans, providing letters of credit, and offering discount brokerage services, personal financial planning and credit card services. “
  • 9/12/2019 – S & T Bancorp was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 9/10/2019 – S & T Bancorp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “S & T BANCORP, INC. is a bank holding company which is engaged in general banking business. The Bank is a full service bank with its main office in Indiana, Pennsylvania, providing service to its customers through a branch of 34 offices located in Armstrong, Allegheny, Indiana, Jefferson, Clearfield and Westmoreland counties. The Bank’s services include accepting time and demand deposit accounts, making secured and unsecured commercial and consumer loans, providing letters of credit, and offering discount brokerage services, personal financial planning and credit card services. “
  • 8/28/2019 – S & T Bancorp was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.

STBA stock traded up $0.45 during mid-day trading on Tuesday, reaching $37.23. The company had a trading volume of 2,456 shares, compared to its average volume of 135,903. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a 50 day simple moving average of $36.01 and a two-hundred day simple moving average of $37.35. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 12.37 and a beta of 0.67. S & T Bancorp Inc has a 52 week low of $33.30 and a 52 week high of $42.56.

Several hedge funds and other institutional investors have recently modified their holdings of STBA. S&T Bank PA raised its holdings in S & T Bancorp by 0.8% in the 2nd quarter. S&T Bank PA now owns 1,158,451 shares of the financial services provider’s stock valued at $43,419,000 after acquiring an additional 9,423 shares in the last quarter. Northern Trust Corp grew its position in shares of S & T Bancorp by 1.0% in the 2nd quarter. Northern Trust Corp now owns 931,863 shares of the financial services provider’s stock valued at $34,927,000 after buying an additional 9,380 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of S & T Bancorp by 1.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 200,671 shares of the financial services provider’s stock valued at $7,522,000 after buying an additional 2,064 shares during the last quarter. Morgan Stanley grew its position in shares of S & T Bancorp by 80.4% in the 2nd quarter. Morgan Stanley now owns 177,190 shares of the financial services provider’s stock valued at $6,641,000 after buying an additional 78,995 shares during the last quarter. Finally, Wedge Capital Management L L P NC grew its position in shares of S & T Bancorp by 1.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 135,548 shares of the financial services provider’s stock valued at $5,080,000 after buying an additional 1,403 shares during the last quarter. Institutional investors own 61.04% of the company’s stock.

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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