S&T Bancorp (NASDAQ:STBA) Cut to Sell at StockNews.com

StockNews.com lowered shares of S&T Bancorp (NASDAQ:STBA) from a hold rating to a sell rating in a research note published on Wednesday.

S&T Bancorp Trading Down 0.3 %

NASDAQ STBA opened at $32.87 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.98 and a current ratio of 0.98. S&T Bancorp has a one year low of $24.51 and a one year high of $36.28. The company has a 50-day simple moving average of $31.05 and a 200-day simple moving average of $31.23. The firm has a market capitalization of $1.26 billion, a PE ratio of 9.31 and a beta of 0.78.

S&T Bancorp (NASDAQ:STBA) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.01. The firm had revenue of $96.31 million during the quarter, compared to the consensus estimate of $96.30 million. S&T Bancorp had a return on equity of 10.86% and a net margin of 24.68%. On average, equities analysts forecast that S&T Bancorp will post 3.02 earnings per share for the current year.

S&T Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Wednesday, May 8th. S&T Bancorp’s dividend payout ratio (DPR) is presently 37.39%.

Institutional Investors Weigh In On S&T Bancorp

A number of institutional investors have recently added to or reduced their stakes in STBA. TFO Wealth Partners LLC boosted its position in shares of S&T Bancorp by 5,870.6% during the 4th quarter. TFO Wealth Partners LLC now owns 1,015 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 998 shares in the last quarter. EntryPoint Capital LLC grew its position in S&T Bancorp by 188.0% in the first quarter. EntryPoint Capital LLC now owns 2,854 shares of the financial services provider’s stock worth $92,000 after buying an additional 1,863 shares during the last quarter. Bare Financial Services Inc acquired a new stake in shares of S&T Bancorp during the 4th quarter valued at $145,000. SG Americas Securities LLC bought a new stake in shares of S&T Bancorp during the 1st quarter worth $152,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of S&T Bancorp in the 3rd quarter worth $135,000. 65.22% of the stock is currently owned by institutional investors and hedge funds.

S&T Bancorp Company Profile

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.