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

StockNews.com downgraded shares of S&T Bancorp (NASDAQ:STBA) from a hold rating to a sell rating in a research report sent to investors on Wednesday.

Separately, DA Davidson raised their price objective on S&T Bancorp from $32.00 to $41.00 and gave the company a neutral rating in a research note on Friday, July 19th.

S&T Bancorp Stock Down 1.2 %

STBA opened at $41.25 on Wednesday. The stock has a market cap of $1.58 billion, a PE ratio of 11.69 and a beta of 0.79. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.07. S&T Bancorp has a 52 week low of $24.51 and a 52 week high of $45.79. The business’s fifty day simple moving average is $39.91 and its 200 day simple moving average is $34.26.

S&T Bancorp (NASDAQ:STBA) last released its earnings results on Thursday, July 18th. The financial services provider reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.14. The business had revenue of $142.07 million for the quarter, compared to analysts’ expectations of $95.85 million. S&T Bancorp had a return on equity of 10.63% and a net margin of 24.20%. During the same quarter in the prior year, the firm earned $0.89 earnings per share. As a group, research analysts expect that S&T Bancorp will post 3.31 earnings per share for the current fiscal year.

S&T Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.20%. S&T Bancorp’s dividend payout ratio (DPR) is currently 37.39%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. TFO Wealth Partners LLC boosted its holdings in shares of S&T Bancorp by 5,870.6% during the fourth quarter. TFO Wealth Partners LLC now owns 1,015 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 998 shares during the period. Innealta Capital LLC purchased a new stake in shares of S&T Bancorp during the second quarter worth about $53,000. EntryPoint Capital LLC boosted its holdings in shares of S&T Bancorp by 188.0% during the first quarter. EntryPoint Capital LLC now owns 2,854 shares of the financial services provider’s stock worth $92,000 after purchasing an additional 1,863 shares during the period. SG Americas Securities LLC purchased a new stake in shares of S&T Bancorp during the first quarter worth about $152,000. Finally, Denali Advisors LLC purchased a new stake in shares of S&T Bancorp during the second quarter worth about $200,000. 65.22% of the stock is owned by institutional investors.

S&T Bancorp Company Profile

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.