A number of other equities research analysts have also commented on the stock. Boenning Scattergood restated a hold rating on shares of Webster Financial in a report on Monday, April 22nd. Zacks Investment Research lowered shares of GENEL ENERGY PL/ADR from a hold rating to a sell rating in a report on Thursday, July 4th. Finally, ValuEngine upgraded shares of Xylem from a hold rating to a buy rating in a report on Friday, June 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. S & T Bancorp has a consensus rating of Hold and a consensus price target of $48.00.
Shares of NASDAQ:STBA opened at $37.61 on Tuesday. S & T Bancorp has a 12 month low of $35.16 and a 12 month high of $47.77. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. The stock’s fifty day moving average is $37.70. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 1.26 and a beta of 0.65.
S & T Bancorp (NASDAQ:STBA) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). S & T Bancorp had a return on equity of 11.02% and a net margin of 29.41%. The company had revenue of $71.72 million for the quarter, compared to analyst estimates of $72.39 million. Equities analysts predict that S & T Bancorp will post 2.96 earnings per share for the current year.
In other S & T Bancorp news, CEO Todd D. Brice purchased 2,036 shares of the stock in a transaction on Monday, June 10th. The shares were purchased at an average cost of $37.31 per share, for a total transaction of $75,963.16. Following the purchase, the chief executive officer now owns 91,520 shares of the company’s stock, valued at $3,414,611.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its stake in S & T Bancorp by 2.1% in the 4th quarter. BlackRock Inc. now owns 5,146,026 shares of the financial services provider’s stock valued at $194,726,000 after buying an additional 107,822 shares during the last quarter. Norges Bank acquired a new position in shares of S & T Bancorp during the 4th quarter worth about $22,575,000. Geode Capital Management LLC increased its stake in shares of S & T Bancorp by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 408,221 shares of the financial services provider’s stock worth $15,447,000 after purchasing an additional 30,169 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of S & T Bancorp by 1.1% during the 4th quarter. Principal Financial Group Inc. now owns 296,044 shares of the financial services provider’s stock worth $11,202,000 after purchasing an additional 3,178 shares during the last quarter. Finally, First Commonwealth Financial Corp PA increased its stake in shares of S & T Bancorp by 43.3% during the 4th quarter. First Commonwealth Financial Corp PA now owns 208,164 shares of the financial services provider’s stock worth $7,877,000 after purchasing an additional 62,859 shares during the last quarter. Hedge funds and other institutional investors own 60.23% of the company’s stock.
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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