S&T Bancorp, Inc. (NASDAQ:STBA) Receives $44.40 Average Price Target from Analysts

Shares of S&T Bancorp, Inc. (NASDAQ:STBA) have been given an average recommendation of “Hold” by the seven analysts that are covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $44.40.

A number of analysts have commented on the stock. Zacks Research downgraded shares of S&T Bancorp from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of S&T Bancorp in a report on Monday, April 27th. DA Davidson started coverage on shares of S&T Bancorp in a research note on Wednesday, February 25th. They issued a “neutral” rating and a $47.00 price target for the company. Wall Street Zen raised shares of S&T Bancorp from a “sell” rating to a “hold” rating in a research note on Sunday, March 22nd. Finally, Hovde Group increased their price target on shares of S&T Bancorp from $44.00 to $47.00 and gave the company a “market perform” rating in a research note on Monday, February 23rd.

Institutional Trading of S&T Bancorp

Several hedge funds have recently made changes to their positions in STBA. Costello Asset Management INC purchased a new stake in shares of S&T Bancorp in the 4th quarter valued at approximately $26,000. EverSource Wealth Advisors LLC increased its holdings in S&T Bancorp by 5,223.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 905 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 888 shares during the last quarter. Torren Management LLC acquired a new stake in S&T Bancorp in the 4th quarter valued at approximately $37,000. Smithfield Trust Co acquired a new stake in S&T Bancorp in the 4th quarter valued at approximately $40,000. Finally, CIBC Private Wealth Group LLC acquired a new stake in S&T Bancorp in the 3rd quarter valued at approximately $50,000. Hedge funds and other institutional investors own 65.22% of the company’s stock.

S&T Bancorp Price Performance

NASDAQ:STBA opened at $45.60 on Friday. S&T Bancorp has a one year low of $34.01 and a one year high of $46.14. 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 fifty day moving average is $43.89 and its two-hundred day moving average is $42.17. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 12.77 and a beta of 0.85.

S&T Bancorp (NASDAQ:STBA) last released its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.94 earnings per share for the quarter, topping 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 firm had revenue of $102.08 million during the quarter, compared to the consensus estimate of $103.62 million. Research analysts expect that S&T Bancorp will post 3.75 EPS for the current year.

S&T Bancorp Increases Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 3.2%. S&T Bancorp’s dividend payout ratio is currently 41.46%.

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.