S&T Bancorp, Inc. (NASDAQ:STBA) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Saturday.

STBA has been the topic of a number of other research reports. Zacks Investment Research raised shares of S&T Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Thursday, May 25th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $38.50 price target on shares of S&T Bancorp in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. S&T Bancorp presently has an average rating of “Hold” and an average price target of $37.83.

Shares of S&T Bancorp (STBA) opened at 34.75 on Friday. S&T Bancorp has a 12-month low of $25.85 and a 12-month high of $39.84. The company has a 50-day moving average of $36.67 and a 200 day moving average of $35.64. The firm has a market cap of $1.22 billion, a P/E ratio of 15.27 and a beta of 0.84.

S&T Bancorp (NASDAQ:STBA) last posted its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.09. The company had revenue of $72.84 million for the quarter, compared to the consensus estimate of $71.98 million. S&T Bancorp had a net margin of 26.52% and a return on equity of 9.30%. During the same quarter last year, the firm posted $0.49 earnings per share. Equities research analysts anticipate that S&T Bancorp will post $2.30 earnings per share for the current fiscal year.

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In other news, Director Frank W. Jones sold 1,075 shares of the firm’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $37.67, for a total value of $40,495.25. Following the transaction, the director now owns 25,065 shares of the company’s stock, valued at approximately $944,198.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.31% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Advisor Group Inc. increased its position in shares of S&T Bancorp by 1.1% in the second quarter. Advisor Group Inc. now owns 4,894 shares of the financial services provider’s stock worth $175,000 after buying an additional 53 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of S&T Bancorp by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,850 shares of the financial services provider’s stock worth $133,000 after buying an additional 70 shares in the last quarter. Burt Wealth Advisors increased its position in shares of S&T Bancorp by 3.1% in the second quarter. Burt Wealth Advisors now owns 3,323 shares of the financial services provider’s stock worth $115,000 after buying an additional 100 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of S&T Bancorp by 1.5% in the first quarter. BNP Paribas Arbitrage SA now owns 7,422 shares of the financial services provider’s stock worth $257,000 after buying an additional 112 shares in the last quarter. Finally, OxFORD Asset Management LLP increased its position in shares of S&T Bancorp by 2.5% in the second quarter. OxFORD Asset Management LLP now owns 7,657 shares of the financial services provider’s stock worth $275,000 after buying an additional 184 shares in the last quarter. 53.89% of the stock is currently owned by institutional investors and hedge funds.

S&T Bancorp Company Profile

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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