S&T Bancorp (NASDAQ:STBA) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

S&T Bancorp, Inc. (NASDAQ:STBA)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $40.01 and traded as high as $41.49. S&T Bancorp shares last traded at $41.30, with a volume of 329,422 shares.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Janney Montgomery Scott upgraded shares of S&T Bancorp from a “neutral” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Monday, January 26th. Wall Street Zen upgraded shares of S&T Bancorp from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of S&T Bancorp in a research note on Monday, December 29th. Zacks Research cut shares of S&T Bancorp from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. Finally, DA Davidson began coverage on shares of S&T Bancorp in a research report on Wednesday, February 25th. They issued a “neutral” rating and a $47.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $44.40.

S&T Bancorp Price Performance

The stock has a 50-day moving average of $42.20 and a two-hundred day moving average of $40.01. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 11.80 and a beta of 0.92. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07.

S&T Bancorp (NASDAQ:STBA) last posted its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.89. S&T Bancorp had a return on equity of 9.25% and a net margin of 23.61%.The firm had revenue of $105.90 million for the quarter, compared to the consensus estimate of $103.46 million. On average, analysts anticipate that S&T Bancorp, Inc. will post 3.05 EPS for the current year.

S&T Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Thursday, February 12th were issued a dividend of $0.36 per share. The ex-dividend date was Thursday, February 12th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.5%. S&T Bancorp’s payout ratio is currently 41.14%.

S&T Bancorp announced that its Board of Directors has approved a stock buyback plan on Thursday, January 22nd that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the financial services provider to reacquire up to 6.2% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On S&T Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Costello Asset Management INC acquired a new stake in S&T Bancorp during the 4th quarter valued at $26,000. EverSource Wealth Advisors LLC boosted its position in shares of S&T Bancorp by 5,223.5% in the second quarter. EverSource Wealth Advisors LLC now owns 905 shares of the financial services provider’s stock worth $34,000 after buying an additional 888 shares during the period. Torren Management LLC acquired a new stake in shares of S&T Bancorp in the fourth quarter worth $37,000. Smithfield Trust Co purchased a new position in shares of S&T Bancorp during the fourth quarter valued at $40,000. Finally, Versant Capital Management Inc grew its holdings in shares of S&T Bancorp by 41.6% during the third quarter. Versant Capital Management Inc now owns 1,308 shares of the financial services provider’s stock valued at $49,000 after buying an additional 384 shares in the last quarter. 65.22% of the stock is currently owned by hedge funds and other institutional investors.

About S&T Bancorp

S&T Bancorp, Inc is a bank holding company headquartered in Indiana, Pennsylvania, serving as the parent of S&T Bank. Established as a banking organization in 1902 with the holding company formation following in the early 1980s, S&T Bancorp has built its reputation on delivering community-oriented financial services. The company operates under the NASDAQ ticker STBA, maintaining a focus on personalized banking solutions and local decision-making.

The company’s main business activities encompass a full suite of retail and commercial banking products.