S & T Bancorp Inc (NASDAQ:STBA) – Equities researchers at Boenning Scattergood raised their Q1 2018 EPS estimates for shares of S & T Bancorp in a research report issued on Wednesday, Zacks Investment Research reports. Boenning Scattergood analyst M. Schultheis now anticipates that the financial services provider will post earnings per share of $0.69 for the quarter, up from their prior forecast of $0.60. Boenning Scattergood currently has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for S & T Bancorp’s Q2 2018 earnings at $0.70 EPS, Q3 2018 earnings at $0.73 EPS and Q4 2018 earnings at $0.73 EPS.
S & T Bancorp (NASDAQ:STBA) last released its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.05. S & T Bancorp had a return on equity of 10.33% and a net margin of 32.00%. The company had revenue of $71.01 million during the quarter, compared to analysts’ expectations of $73.70 million. During the same quarter in the prior year, the business posted $0.59 earnings per share.
Several other research analysts have also recently issued reports on STBA. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $38.00 price target on shares of S & T Bancorp in a research note on Tuesday, October 3rd. Piper Jaffray Companies reissued a “hold” rating and issued a $36.50 price target on shares of S & T Bancorp in a research note on Thursday, October 19th. Zacks Investment Research raised S & T Bancorp from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Tuesday, October 24th. Finally, BidaskClub cut S & T Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $43.50.
S & T Bancorp (STBA) traded up $0.24 during trading hours on Thursday, hitting $41.86. The stock had a trading volume of 90,153 shares, compared to its average volume of 116,399. S & T Bancorp has a 12 month low of $31.72 and a 12 month high of $43.17. The company has a market capitalization of $1,460.00, a PE ratio of 18.04 and a beta of 0.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.95 and a current ratio of 0.96.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. GSA Capital Partners LLP purchased a new stake in shares of S & T Bancorp during the third quarter valued at $610,000. Maltese Capital Management LLC lifted its holdings in shares of S & T Bancorp by 3.9% during the third quarter. Maltese Capital Management LLC now owns 129,837 shares of the financial services provider’s stock valued at $5,139,000 after purchasing an additional 4,837 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of S & T Bancorp by 2.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,708,404 shares of the financial services provider’s stock valued at $67,618,000 after purchasing an additional 45,817 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of S & T Bancorp by 11.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 173,946 shares of the financial services provider’s stock valued at $6,885,000 after purchasing an additional 18,232 shares during the last quarter. Finally, Barings LLC purchased a new stake in shares of S & T Bancorp during the third quarter valued at $301,000. 55.18% of the stock is owned by institutional investors and hedge funds.
In related news, Director Frank W. Jones sold 850 shares of the firm’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 completion of the transaction, the director now owns 24,215 shares of the company’s stock, valued at $1,000,563.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James C. Miller sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $39.56, for a total value of $197,800.00. Following the transaction, the director now directly 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. Insiders have sold 12,051 shares of company stock valued at $485,000 in the last ninety days. Company insiders own 2.71% of the company’s stock.
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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.
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