S&T Bancorp (NASDAQ:STBA) Trading Down 3.9% – What’s Next?

S&T Bancorp, Inc. (NASDAQ:STBA)’s share price traded down 3.9% during mid-day trading on Friday . The stock traded as low as $39.68 and last traded at $39.72. 65,343 shares changed hands during trading, a decline of 60% from the average session volume of 161,789 shares. The stock had previously closed at $41.33.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on STBA. DA Davidson lifted their target price on shares of S&T Bancorp from $32.00 to $41.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. StockNews.com cut shares of S&T Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday.

S&T Bancorp Trading Down 3.8 %

The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.07. The company has a fifty day moving average of $41.34 and a two-hundred day moving average of $36.31. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 11.71 and a beta of 0.79.

S&T Bancorp (NASDAQ:STBA) last posted 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 business had revenue of $142.07 million for the quarter, compared to analyst estimates of $95.85 million. During the same period last year, the business posted $0.89 EPS. On average, research analysts expect that S&T Bancorp, Inc. will post 3.3 EPS for the current year.

S&T Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were given a dividend of $0.33 per share. The ex-dividend date was Thursday, August 8th. This represents a $1.32 annualized dividend and a dividend yield of 3.32%. S&T Bancorp’s dividend payout ratio is presently 37.39%.

Institutional Trading of S&T Bancorp

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in S&T Bancorp by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 4,616,732 shares of the financial services provider’s stock valued at $154,291,000 after acquiring an additional 52,075 shares during the period. Dimensional Fund Advisors LP increased its position in shares of S&T Bancorp by 1.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,397,887 shares of the financial services provider’s stock valued at $80,064,000 after purchasing an additional 32,935 shares during the period. American Century Companies Inc. raised its stake in shares of S&T Bancorp by 29.0% in the second quarter. American Century Companies Inc. now owns 591,829 shares of the financial services provider’s stock valued at $19,761,000 after purchasing an additional 133,108 shares in the last quarter. Bank of New York Mellon Corp lifted its position in S&T Bancorp by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 468,343 shares of the financial services provider’s stock worth $15,638,000 after purchasing an additional 4,126 shares during the period. Finally, Earnest Partners LLC boosted its stake in S&T Bancorp by 19.8% during the second quarter. Earnest Partners LLC now owns 287,586 shares of the financial services provider’s stock worth $9,602,000 after buying an additional 47,450 shares in the last quarter. 65.22% of the stock is owned by institutional investors.

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.