S&T Bancorp (NASDAQ:STBA) Stock Rating Upgraded by StockNews.com

S&T Bancorp (NASDAQ:STBA) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

Separately, DA Davidson lifted their price objective on S&T Bancorp from $32.00 to $41.00 and gave the stock a “neutral” rating in a report on Friday, July 19th.

S&T Bancorp Stock Performance

Shares of STBA opened at $41.43 on Wednesday. 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 company has a 50-day simple moving average of $41.95 and a 200-day simple moving average of $35.32. The company has a market capitalization of $1.58 billion, a PE ratio of 11.74 and a beta of 0.79.

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

Institutional Investors Weigh In On S&T Bancorp

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