S&T Bancorp, Inc. (NASDAQ:STBA) Receives $44.40 Consensus Target Price from Analysts

S&T Bancorp, Inc. (NASDAQ:STBA) has earned an average rating of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $46.60.

Several brokerages have recently issued reports on STBA. Piper Sandler lifted their price target on S&T Bancorp from $45.00 to $51.00 and gave the company a “neutral” rating in a report on Friday, June 26th. Zacks Research lowered shares of S&T Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of S&T Bancorp in a research note on Monday, April 27th. Finally, Wall Street Zen raised shares of S&T Bancorp from a “sell” rating to a “hold” rating in a research report on Sunday, March 22nd.

S&T Bancorp Price Performance

Shares of NASDAQ:STBA opened at $49.92 on Thursday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. S&T Bancorp has a 1 year low of $34.01 and a 1 year high of $50.22. The business has a fifty day simple moving average of $45.60 and a 200 day simple moving average of $43.21. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 13.98 and a beta of 0.84.

S&T Bancorp (NASDAQ:STBA) last issued its earnings results on Thursday, April 23rd. The financial services provider reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.07. S&T Bancorp had a return on equity of 9.35% and a net margin of 23.71%.The firm had revenue of $102.08 million for the quarter, compared to the consensus estimate of $103.62 million. As a group, sell-side analysts predict that S&T Bancorp will post 3.75 earnings per share for the current fiscal year.

S&T Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were issued a $0.37 dividend. 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 dividend payout ratio is currently 41.46%.

Hedge Funds Weigh In On S&T Bancorp

Several institutional investors have recently bought and sold shares of STBA. Empowered Funds LLC lifted its position in shares of S&T Bancorp by 4.8% in the first quarter. Empowered Funds LLC now owns 169,814 shares of the financial services provider’s stock worth $7,103,000 after buying an additional 7,819 shares during the last quarter. Amundi increased its holdings in shares of S&T Bancorp by 20.7% during the 1st quarter. Amundi now owns 6,549 shares of the financial services provider’s stock valued at $274,000 after acquiring an additional 1,124 shares during the last quarter. Royal Bank of Canada raised its stake in shares of S&T Bancorp by 5.0% in the 1st quarter. Royal Bank of Canada now owns 5,675 shares of the financial services provider’s stock valued at $238,000 after acquiring an additional 269 shares in the last quarter. Quantinno Capital Management LP raised its stake in shares of S&T Bancorp by 220.3% in the 1st quarter. Quantinno Capital Management LP now owns 67,325 shares of the financial services provider’s stock valued at $2,816,000 after acquiring an additional 46,308 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in S&T Bancorp by 6.4% in the 1st quarter. Lazard Asset Management LLC now owns 15,626 shares of the financial services provider’s stock worth $654,000 after purchasing an additional 937 shares during the last quarter. 65.22% of the stock is currently owned by institutional investors.

About S&T Bancorp

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.