BidaskClub upgraded shares of S & T Bancorp (NASDAQ:STBA) from a sell rating to a hold rating in a research report sent to investors on Wednesday, BidAskClub reports.

Other analysts have also issued reports about the company. ValuEngine lowered S & T Bancorp from a hold rating to a sell rating in a research report on Friday, June 21st. Zacks Investment Research upgraded S & T Bancorp from a sell rating to a hold rating in a research report on Tuesday, September 17th.

Shares of NASDAQ:STBA opened at $37.07 on Wednesday. S & T Bancorp has a twelve month low of $33.30 and a twelve month high of $46.28. The firm has a market cap of $1.27 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 1.27 and a beta of 0.68. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.99 and a current ratio of 0.99. The business has a fifty day moving average of $35.42 and a 200-day moving average of $37.86.

S & T Bancorp (NASDAQ:STBA) last announced its earnings results on Thursday, July 18th. The financial services provider reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.01. S & T Bancorp had a return on equity of 11.35% and a net margin of 30.00%. The company had revenue of $73.73 million during the quarter, compared to analyst estimates of $72.62 million. On average, analysts anticipate that S & T Bancorp will post 2.92 EPS for the current fiscal year.

In other news, insider David P. Ruddock sold 1,768 shares of S & T Bancorp stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $37.27, for a total transaction of $65,893.36. Following the transaction, the insider now owns 9,549 shares in the company, valued at approximately $355,891.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Atria Investments LLC bought a new stake in S & T Bancorp in the 2nd quarter valued at approximately $559,000. Royal Bank of Canada lifted its stake in S & T Bancorp by 18.9% in the 2nd quarter. Royal Bank of Canada now owns 19,347 shares of the financial services provider’s stock valued at $724,000 after acquiring an additional 3,076 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in S & T Bancorp by 703.4% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 26,513 shares of the financial services provider’s stock valued at $1,003,000 after acquiring an additional 23,213 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in S & T Bancorp in the 2nd quarter valued at approximately $5,075,000. Finally, Citadel Advisors LLC increased its position in shares of S & T Bancorp by 79.7% during the 2nd quarter. Citadel Advisors LLC now owns 53,227 shares of the financial services provider’s stock worth $1,995,000 after purchasing an additional 23,603 shares during the last quarter. Hedge funds and other institutional investors own 60.89% 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 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.

Featured Story: Most Active Stocks

Receive News & Ratings for S & T Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S & T Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.