S&T Bancorp, Inc. (NASDAQ:STBA)‘s stock had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods in a note issued to investors on Friday. They currently have a $41.50 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 1.10% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. BidaskClub raised S&T Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised S&T Bancorp from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Tuesday, July 25th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $36.50 target price on shares of S&T Bancorp in a research report on Thursday. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of S&T Bancorp in a research report on Friday. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $40.33.

Shares of S&T Bancorp (NASDAQ:STBA) traded down 0.44% on Friday, reaching $41.05. 115,029 shares of the company’s stock were exchanged. The company has a market capitalization of $1.44 billion, a P/E ratio of 18.04 and a beta of 0.86. The firm’s 50 day moving average price is $38.83 and its 200-day moving average price is $36.38. S&T Bancorp has a 12 month low of $29.58 and a 12 month high of $42.30.

S&T Bancorp (NASDAQ:STBA) last announced its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.05. The business had revenue of $71.01 million during the quarter, compared to analysts’ expectations of $73.70 million. S&T Bancorp had a return on equity of 9.41% and a net margin of 26.44%. During the same quarter in the previous year, the business posted $0.59 EPS. On average, equities analysts anticipate that S&T Bancorp will post $2.34 EPS for the current year.

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In other S&T Bancorp news, Director Frank W. Jones sold 1,075 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $37.67, for a total transaction of $40,495.25. Following the completion of the sale, the director now owns 25,065 shares of the company’s stock, valued at $944,198.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas J. Sposito II sold 1,250 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $35.29, for a total value of $44,112.50. Following the sale, the insider now directly owns 25,488 shares of the company’s stock, valued at approximately $899,471.52. The disclosure for this sale can be found here. Insiders have sold 6,739 shares of company stock valued at $239,098 in the last ninety days. Company insiders own 2.71% of the company’s stock.

A number of institutional investors have recently made changes to their positions in STBA. Russell Investments Group Ltd. boosted its position in S&T Bancorp by 311.7% during the first quarter. Russell Investments Group Ltd. now owns 10,617 shares of the financial services provider’s stock worth $367,000 after purchasing an additional 8,038 shares during the period. Karp Capital Management Corp bought a new stake in S&T Bancorp during the first quarter worth approximately $404,000. Parametric Portfolio Associates LLC boosted its position in S&T Bancorp by 4.6% during the first quarter. Parametric Portfolio Associates LLC now owns 50,929 shares of the financial services provider’s stock worth $1,762,000 after purchasing an additional 2,242 shares during the period. Ameritas Investment Partners Inc. bought a new stake in S&T Bancorp during the first quarter worth approximately $100,000. Finally, Victory Capital Management Inc. boosted its position in S&T Bancorp by 5.1% during the first quarter. Victory Capital Management Inc. now owns 4,014 shares of the financial services provider’s stock worth $139,000 after purchasing an additional 196 shares during the period. 53.82% of the stock is owned by hedge funds and other institutional investors.

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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