S & T Bancorp (NASDAQ:STBA) Raised to Hold at BidaskClub

BidaskClub upgraded shares of S & T Bancorp (NASDAQ:STBA) from a sell rating to a hold rating in a research report released on Wednesday, BidAskClub reports.

Several other equities analysts have also commented on the stock. Zacks Investment Research upgraded shares of S & T Bancorp from a sell rating to a hold rating in a research report on Tuesday. ValuEngine lowered shares of S & T Bancorp from a hold rating to a sell rating in a research report on Friday, June 21st.

STBA stock opened at $37.07 on Wednesday. S & T Bancorp has a 52 week low of $33.30 and a 52 week high of $46.28. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.12. The company has a fifty day simple moving average of $35.42 and a two-hundred day simple moving average of $37.86. The firm has a market capitalization of $1.27 billion, a P/E ratio of 12.32, a price-to-earnings-growth ratio of 1.27 and a beta of 0.68.



S & T Bancorp (NASDAQ:STBA) last released its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.01. S & T Bancorp had a net margin of 30.00% and a return on equity of 11.35%. The business had revenue of $73.73 million during the quarter, compared to analyst estimates of $72.62 million. As a group, analysts anticipate that S & T Bancorp will post 2.93 EPS for the current year.

In other news, insider David P. Ruddock sold 1,768 shares of the stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $37.27, for a total value of $65,893.36. Following the sale, the insider now owns 9,549 shares of the company’s stock, valued at $355,891.23. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.50% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in STBA. Meeder Asset Management Inc. purchased a new stake in shares of S & T Bancorp in the second quarter valued at $29,000. Acadian Asset Management LLC purchased a new stake in shares of S & T Bancorp in the second quarter valued at $40,000. Huntington National Bank raised its stake in shares of 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 acquiring an additional 291 shares during the period. Quantamental Technologies LLC purchased a new stake in shares of S & T Bancorp in the second quarter valued at $74,000. Finally, Coastal Investment Advisors Inc. raised its stake in shares of 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 acquiring an additional 2,350 shares during the period. 60.89% of the stock is currently owned by institutional investors and hedge funds.

S & T Bancorp Company Profile

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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