S&T Bancorp, Inc. (NASDAQ:STBA)‘s stock had its “hold” rating restated by equities research analysts at Keefe, Bruyette & Woods in a research note issued to investors on Tuesday. They presently have a $38.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target indicates a potential downside of 6.61% from the stock’s current price.

A number of other research firms have also recently commented on STBA. BidaskClub upgraded S&T Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Zacks Investment Research lowered S&T Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. S&T Bancorp has an average rating of “Hold” and a consensus target price of $37.67.

S&T Bancorp (NASDAQ STBA) traded up 1.75% during trading on Tuesday, hitting $40.69. The stock had a trading volume of 99,156 shares. S&T Bancorp has a 52-week low of $25.85 and a 52-week high of $40.72. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 17.89 and a beta of 0.86. The firm’s 50-day moving average price is $36.83 and its 200-day moving average price is $35.78.

S&T Bancorp (NASDAQ:STBA) last released its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. The company had revenue of $72.84 million during the quarter, compared to analysts’ expectations of $71.98 million. S&T Bancorp had a net margin of 26.52% and a return on equity of 9.30%. During the same quarter in the previous year, the company earned $0.49 earnings per share. Analysts predict that S&T Bancorp will post $2.30 EPS for the current fiscal year.

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In related news, insider Thomas J. Sposito II sold 1,250 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $35.29, for a total value of $44,112.50. Following the completion of the sale, the insider now owns 25,488 shares of the company’s stock, valued at approximately $899,471.52. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert Edward Kane acquired 1,000 shares of S&T Bancorp stock in a transaction on Monday, August 21st. The shares were bought at an average price of $35.10 per share, with a total value of $35,100.00. Following the completion of the transaction, the director now directly owns 1,997 shares of the company’s stock, valued at approximately $70,094.70. The disclosure for this purchase can be found here. Insiders sold a total of 6,739 shares of company stock worth $239,098 in the last three months. 2.71% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its position in shares of S&T Bancorp by 48,472.8% in the first quarter. BlackRock Inc. now owns 4,308,406 shares of the financial services provider’s stock valued at $149,072,000 after purchasing an additional 4,299,536 shares during the period. Aperio Group LLC raised its position in shares of S&T Bancorp by 59.7% during the 2nd quarter. Aperio Group LLC now owns 18,646 shares of the financial services provider’s stock worth $669,000 after purchasing an additional 6,971 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of S&T Bancorp by 186.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 30,433 shares of the financial services provider’s stock worth $1,092,000 after purchasing an additional 19,816 shares during the last quarter. Texas Permanent School Fund raised its position in shares of S&T Bancorp by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 25,540 shares of the financial services provider’s stock worth $916,000 after purchasing an additional 263 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of S&T Bancorp by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 3,189,834 shares of the financial services provider’s stock worth $110,368,000 after purchasing an additional 103,048 shares during the last quarter. 53.82% of the stock is currently owned by institutional investors and hedge funds.

About S&T Bancorp

S&T Bancorp, Inc (S&T) is a bank holding company. The Company operates through three segments: Community Banking, Wealth Management and Insurance. The Community Banking segment offers services, which include accepting time and demand deposits, and originating commercial and consumer loans. The Wealth Management segment offers brokerage services, serves as executor and trustee under wills and deeds and as guardian and custodian of employee benefits and provides other trust services.

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