S & T Bancorp (STBA) Rating Lowered to Sell at BidaskClub

S & T Bancorp (NASDAQ:STBA) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

A number of other analysts have also recently commented on STBA. Piper Jaffray Companies reaffirmed a “hold” rating and set a $42.00 target price on shares of S & T Bancorp in a report on Tuesday, January 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $38.00 target price on shares of S & T Bancorp in a report on Tuesday, October 3rd. Zacks Investment Research cut shares of S & T Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, December 21st. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of S & T Bancorp in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company. S & T Bancorp has an average rating of “Hold” and an average target price of $43.50.

Shares of S & T Bancorp (NASDAQ STBA) opened at $40.44 on Thursday. S & T Bancorp has a twelve month low of $31.72 and a twelve month high of $43.17. The company has a market cap of $1,400.00, a P/E ratio of 17.81 and a beta of 0.86. The company has a current ratio of 0.97, a quick ratio of 0.95 and a debt-to-equity ratio of 0.11.

S & T Bancorp (NASDAQ:STBA) last announced its earnings results on Thursday, January 25th. The financial services provider reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. S & T Bancorp had a net margin of 23.08% and a return on equity of 9.88%. The business had revenue of $70.48 million during the quarter, compared to analysts’ expectations of $74.58 million. equities research analysts predict that S & T Bancorp will post 2.76 EPS for the current year.

In other news, CEO Todd D. Brice sold 5,000 shares of the stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $40.38, for a total value of $201,900.00. Following the completion of the sale, the chief executive officer now directly owns 85,989 shares of the company’s stock, valued at $3,472,235.82. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Frank W. Jones sold 850 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $41.32, for a total transaction of $35,122.00. Following the completion of the sale, the director now directly owns 24,215 shares of the company’s stock, valued at $1,000,563.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,850 shares of company stock valued at $434,822. Corporate insiders own 2.71% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisor Group Inc. increased its stake in shares of S & T Bancorp by 1.1% in the second quarter. Advisor Group Inc. now owns 4,894 shares of the financial services provider’s stock worth $175,000 after purchasing an additional 53 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of S & T Bancorp in the third quarter worth $216,000. Crossmark Global Holdings Inc. purchased a new stake in shares of S & T Bancorp in the third quarter worth $236,000. Susquehanna International Group LLP purchased a new stake in shares of S & T Bancorp in the second quarter worth $248,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in shares of S & T Bancorp in the second quarter worth $271,000. 55.24% of the stock is owned by hedge funds and other institutional investors.

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S & T Bancorp Company Profile

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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