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

S & T Bancorp (NASDAQ: STBA) has recently received a number of price target changes and ratings updates:

  • 9/29/2018 – S & T Bancorp was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 9/25/2018 – S & T Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” 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. “
  • 9/21/2018 – S & T Bancorp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/19/2018 – S & T Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $51.00 price target on the stock. 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. “
  • 8/30/2018 – S & T Bancorp was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/23/2018 – S & T Bancorp is now covered by analysts at DA Davidson. They set a “buy” rating and a $54.00 price target on the stock.
  • 8/22/2018 – S & T Bancorp was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of NASDAQ:STBA opened at $42.38 on Tuesday. The stock has a market capitalization of $1.52 billion, a PE ratio of 17.16 and a beta of 0.61. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 0.97. S & T Bancorp Inc has a 1 year low of $37.79 and a 1 year high of $47.77.

S & T Bancorp (NASDAQ:STBA) last announced its quarterly earnings data on Thursday, July 19th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.61. The company had revenue of $70.65 million for the quarter, compared to the consensus estimate of $70.06 million. S & T Bancorp had a return on equity of 10.41% and a net margin of 24.39%. On average, equities research analysts forecast that S & T Bancorp Inc will post 2.88 EPS for the current fiscal year.

In other news, Director Frank W. Jones sold 600 shares of the business’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $45.58, for a total value of $27,348.00. Following the transaction, the director now directly owns 24,387 shares of the company’s stock, valued at approximately $1,111,559.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James C. Miller sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $46.44, for a total value of $232,200.00. Following the completion of the transaction, the director now directly owns 39,948 shares in the company, valued at $1,855,185.12. The disclosure for this sale can be found here. 2.53% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Itau Unibanco Holding S.A. acquired a new position in S & T Bancorp during the 2nd quarter worth approximately $117,000. SG Americas Securities LLC acquired a new position in S & T Bancorp during the 1st quarter worth approximately $142,000. OppenheimerFunds Inc. acquired a new position in S & T Bancorp during the 2nd quarter worth approximately $205,000. Hapanowicz & Associates Financial Services Inc acquired a new position in S & T Bancorp during the 2nd quarter worth approximately $206,000. Finally, Amalgamated Bank acquired a new position in S & T Bancorp during the 2nd quarter worth approximately $217,000. 60.40% of the stock is currently owned by institutional investors and hedge funds.

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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