6 days Ago By ABMN Staff
S&T Bancorp ( NASDAQ:STBA – Free Report ) had its price target lowered by Keefe, Bruyette & Woods from $44.00 to $43.00 in a report released on Monday, Benzinga reports.
The brokerage currently has a market perform rating on the financial services provider’s stock. S&T Bancorp Stock Up 2.4 % Shares of STBA stock opened at $36.
88 on Monday. The stock has a market cap of $1.41 billion, a P/E ratio of 10.
82 and a beta of 0.75. S&T Bancorp has a one year low of $29.
85 and a one year high of $45.79. The stock has a fifty day moving average price of $36.
86 and a 200 day moving average price of $38.91. The company has a debt-to-equity ratio of 0.
07, a current ratio of 0.99 and a quick ratio of 0.99.
S&T Bancorp ( NASDAQ:STBA – Get Free Report ) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.
74 by $0.13. The firm had revenue of $93.
75 million during the quarter, compared to analysts’ expectations of $96.40 million. S&T Bancorp had a return on equity of 9.
77% and a net margin of 23.24%. Analysts predict that S&T Bancorp will post 3.
05 earnings per share for the current year. S&T Bancorp Dividend Announcement Insider Buying and Selling In related news, Director Bhaskar Ramachandran acquired 764 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was bought at an average cost of $39.
25 per share, with a total value of $29,987.00. Following the completion of the acquisition, the director now owns 1,251 shares in the company, valued at $49,101.
75. The trade was a 156.88 % increase in their ownership of the stock.
The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink . 1.23% of the stock is owned by company insiders.
Institutional Inflows and Outflows A number of hedge funds and other institutional investors have recently made changes to their positions in STBA. Versant Capital Management Inc lifted its holdings in shares of S&T Bancorp by 48.6% during the fourth quarter.
Versant Capital Management Inc now owns 926 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 303 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of S&T Bancorp by 824.2% during the fourth quarter.
Sterling Capital Management LLC now owns 1,220 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 1,088 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of S&T Bancorp by 67.7% during the fourth quarter.
Smartleaf Asset Management LLC now owns 1,243 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 502 shares during the period. GAMMA Investing LLC lifted its holdings in shares of S&T Bancorp by 41.9% during the first quarter.
GAMMA Investing LLC now owns 1,762 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 520 shares during the period. Finally, KBC Group NV lifted its holdings in shares of S&T Bancorp by 55.0% during the fourth quarter.
KBC Group NV now owns 2,324 shares of the financial services provider’s stock valued at $89,000 after acquiring an additional 825 shares during the period. 65.22% of the stock is owned by institutional investors.
About S&T Bancorp ( Get Free Report ) S&T Bancorp, Inc is a bank holding company, which engages in the provision of consumer, commercial, and small business banking services. It operates through the following segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer. Read More 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.
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