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. “
Several other equities analysts have also issued reports on the company. Boenning Scattergood reaffirmed a “hold” rating on shares of S & T Bancorp in a report on Monday, April 22nd. ValuEngine lowered S & T Bancorp from a “hold” rating to a “sell” rating in a report on Friday, June 21st. Finally, BidaskClub lowered S & T Bancorp from a “hold” rating to a “sell” rating in a report on Monday, July 15th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $48.00.
Shares of STBA stock traded down $0.51 during mid-day trading on Tuesday, hitting $35.22. 244 shares of the stock were exchanged, compared to its average volume of 104,493. The stock’s fifty day simple moving average is $36.95 and its two-hundred day simple moving average is $38.64. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 11.70, a P/E/G ratio of 1.24 and a beta of 0.65. S & T Bancorp has a 12-month low of $34.56 and a 12-month high of $47.77. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.99 and a current ratio of 0.99.
In related news, CEO Todd D. Brice purchased 2,036 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were purchased at an average price of $37.31 per share, with a total value of $75,963.16. Following the completion of the acquisition, the chief executive officer now directly owns 91,520 shares in the company, valued at approximately $3,414,611.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David P. Ruddock sold 1,768 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $37.27, for a total value of $65,893.36. Following the transaction, the insider now directly owns 9,549 shares in the company, valued at approximately $355,891.23. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in STBA. Meeder Asset Management Inc. purchased a new position in shares of S & T Bancorp during the second quarter worth about $29,000. Acadian Asset Management LLC acquired a new stake in S & T Bancorp in the second quarter valued at about $40,000. Huntington National Bank lifted its position in S & T Bancorp by 18.3% in the second quarter. Huntington National Bank now owns 1,883 shares of the financial services provider’s stock valued at $71,000 after purchasing an additional 291 shares during the period. Quantamental Technologies LLC acquired a new stake in S & T Bancorp in the second quarter valued at about $74,000. Finally, Coastal Investment Advisors Inc. lifted its position in S & T Bancorp by 384.0% in the second quarter. Coastal Investment Advisors Inc. now owns 2,962 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 2,350 shares during the period. 59.71% of the stock is currently owned by hedge funds and other institutional investors.
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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