S & T Bancorp (NASDAQ:STBA) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Thursday.

STBA has been the topic of several other reports. Zacks Investment Research lowered S & T Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. DA Davidson initiated coverage on S & T Bancorp in a research report on Thursday, August 23rd. They set a “buy” rating and a $54.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. S & T Bancorp currently has an average rating of “Hold” and an average target price of $47.13.

S & T Bancorp stock traded down $1.78 during midday trading on Thursday, hitting $39.37. 151,357 shares of the company were exchanged, compared to its average volume of 93,267. The firm has a market capitalization of $1.52 billion, a PE ratio of 15.94 and a beta of 0.61. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 0.97. S & T Bancorp has a fifty-two week low of $37.79 and a fifty-two week high of $47.77.

S & T Bancorp (NASDAQ:STBA) last released its quarterly earnings results on Thursday, July 19th. The financial services provider reported $0.61 EPS for the quarter, hitting the consensus estimate of $0.61. The firm had revenue of $70.65 million for the quarter, compared to analyst estimates of $70.06 million. S & T Bancorp had a return on equity of 10.41% and a net margin of 24.39%. On average, analysts forecast that S & T Bancorp will post 2.88 earnings per share for the current fiscal year.

In other S & T Bancorp news, Director James C. Miller sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $46.44, for a total value of $232,200.00. Following the transaction, the director now directly owns 39,948 shares of the company’s stock, valued at approximately $1,855,185.12. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Frank W. Jones sold 600 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $45.58, for a total value of $27,348.00. Following the completion of the transaction, the director now directly owns 24,387 shares in the company, valued at $1,111,559.46. The disclosure for this sale can be found here. Corporate insiders own 2.53% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in STBA. Advisors Asset Management Inc. raised its position in shares of S & T Bancorp by 2,113.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 496,381 shares of the financial services provider’s stock valued at $1,054,000 after purchasing an additional 473,952 shares in the last quarter. BlackRock Inc. raised its position in shares of S & T Bancorp by 6.5% in the 2nd quarter. BlackRock Inc. now owns 4,843,292 shares of the financial services provider’s stock valued at $209,423,000 after purchasing an additional 297,656 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of S & T Bancorp by 3.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,844,526 shares of the financial services provider’s stock valued at $73,670,000 after purchasing an additional 64,222 shares in the last quarter. Cornerstone Wealth Management LLC acquired a new position in shares of S & T Bancorp in the 2nd quarter valued at approximately $1,431,000. Finally, LSV Asset Management raised its position in shares of S & T Bancorp by 28.2% in the 2nd quarter. LSV Asset Management now owns 216,500 shares of the financial services provider’s stock valued at $9,361,000 after purchasing an additional 47,567 shares in the last quarter. 60.40% of the stock is currently owned by institutional investors.

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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