S & T Bancorp (STBA) Getting Positive News Coverage, Report Shows
Media headlines about S & T Bancorp (NASDAQ:STBA) have been trending positive on Tuesday, according to AlphaOne Sentiment Analysis. AlphaOne, a unit of Accern, rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. S & T Bancorp earned a coverage optimism score of 0.37 on AlphaOne’s scale. AlphaOne also assigned media coverage about the financial services provider an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the near future.
Separately, Zacks Investment Research lowered S & T Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, February 15th.
S & T Bancorp (NASDAQ:STBA) traded up 0.18% during mid-day trading on Tuesday, reaching $33.47. The company had a trading volume of 17,765 shares. S & T Bancorp has a 12-month low of $23.06 and a 12-month high of $39.84. The stock has a 50 day moving average price of $34.65 and a 200-day moving average price of $34.78. The stock has a market capitalization of $1.17 billion, a P/E ratio of 16.31 and a beta of 0.95.
S & T Bancorp (NASDAQ:STBA) last issued its quarterly earnings results on Thursday, January 26th. The financial services provider reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by $0.03. S & T Bancorp had a net margin of 25.28% and a return on equity of 8.61%. The firm had revenue of $65.38 million for the quarter, compared to analysts’ expectations of $67.42 million. During the same period in the prior year, the company earned $0.50 EPS. Equities analysts anticipate that S & T Bancorp will post $2.24 EPS for the current fiscal year.
In other news, insider Thomas J. Sposito II sold 10,000 shares of the company’s stock in a transaction on Friday, February 10th. The stock was sold at an average price of $36.25, for a total transaction of $362,500.00. Following the transaction, the insider now owns 31,685 shares of the company’s stock, valued at approximately $1,148,581.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.31% of the stock is owned by corporate insiders.
About S & T Bancorp
S&T Bancorp, Inc (S&T) is a bank holding company. The Company operates through three segments: Community Banking, Wealth Management and Insurance. The Community Banking segment offers services, which include accepting time and demand deposits, and originating commercial and consumer loans. The Wealth Management segment offers brokerage services, serves as executor and trustee under wills and deeds and as guardian and custodian of employee benefits and provides other trust services.
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