S&T Bancorp (NASDAQ:STBA) Downgraded by StockNews.com

StockNews.com downgraded shares of S&T Bancorp (NASDAQ:STBA) from a hold rating to a sell rating in a research note released on Thursday morning.

Separately, DA Davidson boosted their target price 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 Trading Up 1.0 %

Shares of STBA stock opened at $39.68 on Thursday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average price of $41.60 and a two-hundred day moving average price of $35.80. S&T Bancorp has a 12-month low of $24.51 and a 12-month high of $45.79. The firm has a market cap of $1.52 billion, a P/E ratio of 11.24 and a beta of 0.79.

S&T Bancorp (NASDAQ:STBA) last issued its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.14. S&T Bancorp had a return on equity of 10.63% and a net margin of 24.20%. The firm had revenue of $142.07 million during the quarter, compared to analyst estimates of $95.85 million. During the same quarter in the previous year, the company posted $0.89 earnings per share. Equities analysts anticipate that S&T Bancorp will post 3.31 EPS for the current fiscal year.

S&T Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were issued a dividend of $0.33 per share. The ex-dividend date was Thursday, August 8th. This represents a $1.32 dividend on an annualized basis and a yield of 3.33%. S&T Bancorp’s dividend payout ratio is presently 37.39%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in STBA. TFO Wealth Partners LLC grew its holdings in shares of S&T Bancorp by 5,870.6% during the 4th quarter. TFO Wealth Partners LLC now owns 1,015 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 998 shares during the period. Innealta Capital LLC purchased a new position in shares of S&T Bancorp during the 2nd quarter worth approximately $53,000. EntryPoint Capital LLC grew its holdings in shares of S&T Bancorp by 188.0% during the 1st quarter. EntryPoint Capital LLC now owns 2,854 shares of the financial services provider’s stock worth $92,000 after acquiring an additional 1,863 shares during the period. SG Americas Securities LLC purchased a new position in shares of S&T Bancorp during the 1st quarter worth approximately $152,000. Finally, Denali Advisors LLC purchased a new position in shares of S&T Bancorp during the 2nd quarter worth approximately $200,000. Hedge funds and other institutional investors own 65.22% of the company’s stock.

About S&T Bancorp

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.