S&T Bancorp (NASDAQ:STBA) Hits New 12-Month High – What’s Next?

S&T Bancorp, Inc. (NASDAQ:STBA)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $48.70 and last traded at $48.4870, with a volume of 37745 shares trading hands. The stock had previously closed at $48.16.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. DA Davidson began coverage on shares of S&T Bancorp in a report on Wednesday, February 25th. They issued a “neutral” rating and a $47.00 price target for the company. Wall Street Zen raised shares of S&T Bancorp from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. Zacks Research downgraded S&T Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of S&T Bancorp in a research note on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $44.40.

S&T Bancorp Trading Up 1.4%

The company’s fifty day moving average is $44.97 and its two-hundred day moving average is $42.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 13.68 and a beta of 0.85.

S&T Bancorp (NASDAQ:STBA) last announced its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.87 by $0.07. The business had revenue of $102.08 million during the quarter, compared to analysts’ expectations of $103.62 million. S&T Bancorp had a net margin of 23.71% and a return on equity of 9.35%. On average, research analysts anticipate that S&T Bancorp, Inc. will post 3.75 EPS for the current year.

S&T Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were given a dividend of $0.37 per share. This is a boost from S&T Bancorp’s previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Thursday, May 14th. S&T Bancorp’s payout ratio is presently 41.46%.

Institutional Investors Weigh In On S&T Bancorp

Several hedge funds have recently added to or reduced their stakes in STBA. CWM LLC raised its stake in shares of S&T Bancorp by 2.5% during the 4th quarter. CWM LLC now owns 11,129 shares of the financial services provider’s stock valued at $438,000 after buying an additional 269 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of S&T Bancorp by 5.0% in the first quarter. Royal Bank of Canada now owns 5,675 shares of the financial services provider’s stock worth $238,000 after buying an additional 269 shares during the last quarter. HBK Sorce Advisory LLC grew its holdings in S&T Bancorp by 3.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 8,414 shares of the financial services provider’s stock worth $331,000 after acquiring an additional 300 shares during the period. Captrust Financial Advisors grew its holdings in S&T Bancorp by 3.2% during the fourth quarter. Captrust Financial Advisors now owns 10,992 shares of the financial services provider’s stock worth $433,000 after acquiring an additional 345 shares during the period. Finally, Inspire Investing LLC raised its position in S&T Bancorp by 3.6% during the first quarter. Inspire Investing LLC now owns 12,270 shares of the financial services provider’s stock valued at $513,000 after acquiring an additional 423 shares in the last quarter. 65.22% of the stock is owned by hedge funds and other institutional investors.

S&T Bancorp Company Profile

S&T Bancorp, Inc is a bank holding company headquartered in Indiana, Pennsylvania, serving as the parent of S&T Bank. Established as a banking organization in 1902 with the holding company formation following in the early 1980s, S&T Bancorp has built its reputation on delivering community-oriented financial services. The company operates under the NASDAQ ticker STBA, maintaining a focus on personalized banking solutions and local decision-making.

The company’s main business activities encompass a full suite of retail and commercial banking products.