S&T Bancorp (NASDAQ:STBA) Downgraded to “Sell” at StockNews.com

StockNews.com cut shares of S&T Bancorp (NASDAQ:STBAFree Report) from a hold rating to a sell rating in a research note published on Tuesday morning.

S&T Bancorp Price Performance

STBA stock opened at $31.38 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $1.20 billion, a PE ratio of 8.39 and a beta of 0.77. S&T Bancorp has a 12-month low of $24.51 and a 12-month high of $36.28. The business’s fifty day moving average price is $31.76 and its 200 day moving average price is $30.16.

S&T Bancorp (NASDAQ:STBAGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.10. S&T Bancorp had a return on equity of 11.70% and a net margin of 27.03%. The company had revenue of $103.17 million for the quarter, compared to the consensus estimate of $100.10 million. On average, sell-side analysts anticipate that S&T Bancorp will post 3.01 EPS for the current year.

S&T Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $1.32 annualized dividend and a yield of 4.21%. S&T Bancorp’s dividend payout ratio (DPR) is 35.29%.

Institutional Investors Weigh In On S&T Bancorp

Several large investors have recently bought and sold shares of the stock. Captrust Financial Advisors boosted its position in shares of S&T Bancorp by 4.7% in the 3rd quarter. Captrust Financial Advisors now owns 8,592 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 382 shares during the period. Pathstone Family Office LLC lifted its position in S&T Bancorp by 5.4% during the 3rd quarter. Pathstone Family Office LLC now owns 7,699 shares of the financial services provider’s stock worth $226,000 after acquiring an additional 393 shares during the period. Eaton Vance Management lifted its position in S&T Bancorp by 5.9% during the 1st quarter. Eaton Vance Management now owns 7,784 shares of the financial services provider’s stock worth $230,000 after acquiring an additional 435 shares during the period. First Trust Advisors LP lifted its position in S&T Bancorp by 2.7% during the 1st quarter. First Trust Advisors LP now owns 18,933 shares of the financial services provider’s stock worth $560,000 after acquiring an additional 494 shares during the period. Finally, FMR LLC lifted its position in S&T Bancorp by 2.8% during the 1st quarter. FMR LLC now owns 18,499 shares of the financial services provider’s stock worth $582,000 after acquiring an additional 508 shares during the period. Hedge funds and other institutional investors own 65.22% of the company’s stock.

About S&T Bancorp

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S&T Bancorp, Inc operates as the bank holding company for S&T Bank that engages in the provision of retail and commercial banking products and services. The company operates through six segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.

Further Reading

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