S&T Bancorp (NASDAQ:STBA) Hits New 12-Month High – What’s Next?

S&T Bancorp, Inc. (NASDAQ:STBA)’s stock price reached a new 52-week high on Friday . The stock traded as high as $45.77 and last traded at $45.6250, with a volume of 44181 shares traded. The stock had previously closed at $45.34.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. DA Davidson assumed coverage on shares of S&T Bancorp in a research report on Wednesday, February 25th. They set a “neutral” rating and a $47.00 target price on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of S&T Bancorp in a research report on Monday, April 27th. Zacks Research downgraded shares of S&T Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 6th. Hovde Group boosted their target price on shares of S&T Bancorp from $44.00 to $47.00 and gave the stock a “market perform” rating in a research report on Monday, February 23rd. Finally, Wall Street Zen raised shares of S&T Bancorp from a “sell” rating to a “hold” rating in a research report on Sunday, March 22nd. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $44.40.

S&T Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.00. The firm’s 50 day simple moving average is $43.89 and its 200 day simple moving average is $42.17. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 12.77 and a beta of 0.85.

S&T Bancorp (NASDAQ:STBA) last announced its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.87 by $0.07. S&T Bancorp had a net margin of 23.71% and a return on equity of 9.35%. The business had revenue of $102.08 million during the quarter, compared to analysts’ expectations of $103.62 million. Sell-side analysts forecast that S&T Bancorp, Inc. will post 3.75 earnings per share for the current fiscal year.

S&T Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.2%. The ex-dividend date was Thursday, May 14th. This is a positive change from S&T Bancorp’s previous quarterly dividend of $0.36. S&T Bancorp’s dividend payout ratio (DPR) is presently 41.46%.

Institutional Trading of S&T Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the business. Amundi lifted its stake in S&T Bancorp by 20.7% during the 1st quarter. Amundi now owns 6,549 shares of the financial services provider’s stock valued at $274,000 after acquiring an additional 1,124 shares during the period. Royal Bank of Canada raised its position in S&T Bancorp by 5.0% during the first quarter. Royal Bank of Canada now owns 5,675 shares of the financial services provider’s stock worth $238,000 after acquiring an additional 269 shares during the period. Empowered Funds LLC raised its position in S&T Bancorp by 4.8% during the first quarter. Empowered Funds LLC now owns 169,814 shares of the financial services provider’s stock worth $7,103,000 after acquiring an additional 7,819 shares during the period. Quantinno Capital Management LP raised its position in S&T Bancorp by 220.3% during the first quarter. Quantinno Capital Management LP now owns 67,325 shares of the financial services provider’s stock worth $2,816,000 after acquiring an additional 46,308 shares during the period. Finally, Lazard Asset Management LLC raised its position in S&T Bancorp by 6.4% during the first quarter. Lazard Asset Management LLC now owns 15,626 shares of the financial services provider’s stock worth $654,000 after acquiring an additional 937 shares during the period. 65.22% of the stock is currently owned by institutional investors and hedge funds.

S&T Bancorp Company Profile

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.