S&T Bancorp, Inc. (NASDAQ:STBA) Receives Average Rating of “Hold” from Brokerages

Shares of S&T Bancorp, Inc. (NASDAQ:STBA) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $44.40.

Several equities research analysts have issued reports on STBA shares. DA Davidson began coverage on S&T Bancorp in a research note on Wednesday, February 25th. They set a “neutral” rating and a $47.00 price target for the company. Zacks Research cut S&T Bancorp from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. Wall Street Zen upgraded S&T Bancorp from a “sell” rating to a “hold” rating in a research report on Sunday, March 22nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&T Bancorp in a research note on Monday, April 27th.

S&T Bancorp Price Performance

Shares of NASDAQ:STBA opened at $48.57 on Thursday. The company’s fifty day moving average price is $45.07 and its 200-day moving average price is $42.92. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 13.61 and a beta of 0.85. S&T Bancorp has a one year low of $34.01 and a one year high of $48.88.

S&T Bancorp (NASDAQ:STBA) last announced its earnings results on Thursday, April 23rd. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.07. The company had revenue of $102.08 million during the quarter, compared to analyst estimates of $103.62 million. S&T Bancorp had a net margin of 23.71% and a return on equity of 9.35%. On average, equities research analysts anticipate that S&T Bancorp 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. Stockholders of record on Thursday, May 14th were paid a $0.37 dividend. This is a positive change from S&T Bancorp’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.0%. S&T Bancorp’s dividend payout ratio is currently 41.46%.

Hedge Funds Weigh In On S&T Bancorp

A number of large investors have recently added to or reduced their stakes in STBA. JPMorgan Chase & Co. grew its stake in shares of S&T Bancorp by 37.6% during the third quarter. JPMorgan Chase & Co. now owns 51,208 shares of the financial services provider’s stock valued at $1,925,000 after buying an additional 13,988 shares during the last quarter. Denali Advisors LLC lifted its stake in shares of S&T Bancorp by 43.3% in the 4th quarter. Denali Advisors LLC now owns 127,100 shares of the financial services provider’s stock valued at $5,001,000 after acquiring an additional 38,400 shares during the last quarter. Dean Capital Management lifted its stake in shares of S&T Bancorp by 30.3% in the 4th quarter. Dean Capital Management now owns 47,830 shares of the financial services provider’s stock valued at $1,882,000 after acquiring an additional 11,132 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in S&T Bancorp during the 4th quarter valued at about $3,052,000. Finally, Horizon Investments LLC purchased a new stake in S&T Bancorp during the 4th quarter valued at about $581,000. Hedge funds and other institutional investors own 65.22% of the company’s stock.

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.