S&T Bancorp Inc. (STBA) Sees Large Volume Increase
Shares of S&T Bancorp Inc. (NASDAQ:STBA) saw unusually-strong trading volume on Thursday . Approximately 71,890 shares traded hands during trading, a decline of 18% from the previous session’s volume of 87,617 shares.The stock last traded at $25.92 and had previously closed at $25.77.
Separately, Zacks Investment Research upgraded shares of S&T Bancorp from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 23rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $31.38.
The company has a 50 day moving average of $25.33 and a 200 day moving average of $25.88. The firm has a market cap of $895.56 million and a PE ratio of 12.70.
S&T Bancorp (NASDAQ:STBA) last released its quarterly earnings data on Thursday, April 21st. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by $0.06. During the same quarter last year, the company posted $0.46 earnings per share. On average, equities analysts anticipate that S&T Bancorp Inc. will post $1.94 EPS for the current year.
A number of hedge funds recently made changes to their positions in the stock. California State Teachers Retirement System boosted its stake in shares of S&T Bancorp by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 64,479 shares of the financial services provider’s stock worth $1,987,000 after buying an additional 1,029 shares during the period. Rhumbline Advisers boosted its stake in shares of S&T Bancorp by 2.0% in the fourth quarter. Rhumbline Advisers now owns 75,117 shares of the financial services provider’s stock worth $2,315,000 after buying an additional 1,455 shares during the period. Suntrust Banks Inc. boosted its stake in shares of S&T Bancorp by 5.5% in the fourth quarter. Suntrust Banks Inc. now owns 99,998 shares of the financial services provider’s stock worth $3,081,000 after buying an additional 5,258 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of S&T Bancorp by 4.1% in the fourth quarter. Principal Financial Group Inc. now owns 236,466 shares of the financial services provider’s stock worth $7,288,000 after buying an additional 9,321 shares during the period.
S&T Bancorp, Inc (S&T) is a bank holding company. The Company operates through its wholly owned subsidiaries, including S&T Bank, 9th Street Holdings, Inc and STBA Capital Trust I. S&T operates in three segments: Community Banking, which offers services, which include accepting time and demand deposits, originating commercial and consumer loans, and providing letters of credit and credit card services; Wealth Management, which offers discount brokerage services, services as executor and trustee under wills and deeds, guardian and custodian of employee benefits and other trust and brokerage services, as well as a registered investment advisor that manages private investment accounts for individuals and institutions, and Insurance, includes an insurance agency offering commercial property and casualty insurance, group life and health coverage, employee benefit solutions and personal insurance lines.
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