S & T Bancorp (STBA) Lifted to Hold at ValuEngine

ValuEngine upgraded shares of S & T Bancorp (NASDAQ:STBA) from a sell rating to a hold rating in a research note issued to investors on Saturday, ValuEngine reports.

A number of other equities analysts also recently commented on STBA. Zacks Investment Research upgraded S & T Bancorp from a sell rating to a hold rating in a research note on Friday, April 5th. BidaskClub upgraded S & T Bancorp from a sell rating to a hold rating in a research note on Wednesday, March 27th. Finally, Boenning Scattergood restated a hold rating on shares of S & T Bancorp in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $51.00.

Shares of STBA stock opened at $40.95 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.98 and a quick ratio of 0.98. S & T Bancorp has a 52 week low of $35.16 and a 52 week high of $47.77. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 13.60, a P/E/G ratio of 1.37 and a beta of 0.70.

S & T Bancorp (NASDAQ:STBA) last issued its earnings results on Thursday, April 18th. The financial services provider reported $0.66 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.08). S & T Bancorp had a net margin of 29.41% and a return on equity of 11.02%. The company had revenue of $71.72 million during the quarter, compared to analyst estimates of $72.39 million. On average, analysts predict that S & T Bancorp will post 2.97 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, May 2nd will be paid a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.08 dividend on an annualized basis and a yield of 2.64%. S & T Bancorp’s payout ratio is currently 35.88%.

In other S & T Bancorp news, Director James Thomas Gibson acquired 12,000 shares of S & T Bancorp stock in a transaction dated Thursday, March 7th. The stock was acquired at an average cost of $38.89 per share, for a total transaction of $466,680.00. Following the completion of the transaction, the director now owns 201,780 shares in the company, valued at approximately $7,847,224.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.50% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Legal & General Group Plc boosted its position in shares of S & T Bancorp by 7.2% during the third quarter. Legal & General Group Plc now owns 81,033 shares of the financial services provider’s stock worth $3,508,000 after buying an additional 5,458 shares during the period. Sageworth Trust Co boosted its position in shares of S & T Bancorp by 4.5% during the first quarter. Sageworth Trust Co now owns 42,569 shares of the financial services provider’s stock worth $1,683,000 after buying an additional 1,821 shares during the period. Arizona State Retirement System boosted its position in shares of S & T Bancorp by 6.2% during the fourth 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 shares of S & T Bancorp during the fourth quarter worth approximately $57,000. Finally, Renaissance Technologies LLC boosted its position in shares of S & T Bancorp by 60.3% during the third quarter. Renaissance Technologies LLC now owns 10,100 shares of the financial services provider’s stock worth $438,000 after buying an additional 3,800 shares during the period. Institutional investors and hedge funds own 62.78% 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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