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

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

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

S&T Bancorp Price Performance

STBA stock opened at $39.68 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $1.52 billion, a P/E ratio of 11.24 and a beta of 0.79. The business’s 50-day moving average is $41.60 and its two-hundred day moving average is $35.77. S&T Bancorp has a 1 year low of $24.51 and a 1 year high of $45.79.

S&T Bancorp (NASDAQ:STBA) last posted its quarterly 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 return on equity of 10.63% and a net margin of 24.20%. The company had revenue of $142.07 million for the quarter, compared to analyst estimates of $95.85 million. During the same quarter last year, the company earned $0.89 EPS. Analysts anticipate that S&T Bancorp will post 3.31 earnings per share for the current fiscal year.

S&T Bancorp Announces Dividend

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

Institutional Investors Weigh In On S&T Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. TFO Wealth Partners LLC grew its stake in 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 buying an additional 998 shares during the last quarter. Innealta Capital LLC purchased a new position in S&T Bancorp during the 2nd quarter worth approximately $53,000. EntryPoint Capital LLC grew its stake in 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 buying an additional 1,863 shares during the last quarter. SG Americas Securities LLC purchased a new position in S&T Bancorp during the 1st quarter worth approximately $152,000. Finally, Denali Advisors LLC purchased a new position in S&T Bancorp during the 2nd quarter worth approximately $200,000. Institutional investors and hedge funds 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.