S&T Bancorp, Inc. (NASDAQ:STBA)‘s stock had its “hold” rating reiterated by equities research analysts at Keefe, Bruyette & Woods in a report issued on Friday. They presently have a $41.50 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 1.10% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. BidaskClub upgraded shares of S&T Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded shares of S&T Bancorp from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Tuesday, July 25th. Piper Jaffray Companies reiterated a “hold” rating and issued a $36.50 price target on shares of S&T Bancorp in a report on Thursday. Finally, Boenning Scattergood restated a “hold” rating on shares of S&T Bancorp in a research report on Friday. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $40.33.

S&T Bancorp (STBA) traded down 0.44% during trading on Friday, hitting $41.05. 115,029 shares of the company were exchanged. The firm’s 50 day moving average price is $38.83 and its 200-day moving average price is $36.38. The stock has a market capitalization of $1.44 billion, a PE ratio of 18.04 and a beta of 0.86. S&T Bancorp has a 1-year low of $29.58 and a 1-year high of $42.30.

S&T Bancorp (NASDAQ:STBA) last issued its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.05. S&T Bancorp had a net margin of 26.44% and a return on equity of 9.41%. The company had revenue of $71.01 million for the quarter, compared to the consensus estimate of $73.70 million. During the same quarter in the prior year, the company earned $0.59 EPS. Equities analysts predict that S&T Bancorp will post $2.34 EPS for the current year.

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In other S&T Bancorp news, insider David P. Ruddock sold 4,414 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $35.00, for a total value of $154,490.00. Following the sale, the insider now owns 10,004 shares in the company, valued at approximately $350,140. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert Edward Kane acquired 1,000 shares of the stock in a transaction on Monday, August 21st. The stock was bought at an average price of $35.10 per share, for a total transaction of $35,100.00. Following the transaction, the director now owns 1,997 shares in the company, valued at approximately $70,094.70. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 6,739 shares of company stock worth $239,098. Insiders own 2.71% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. boosted its position in S&T Bancorp by 1.1% in the 2nd quarter. Advisor Group Inc. now owns 4,894 shares of the financial services provider’s stock worth $175,000 after purchasing an additional 53 shares in the last quarter. Burt Wealth Advisors boosted its position in S&T Bancorp by 3.1% in the 2nd quarter. Burt Wealth Advisors now owns 3,323 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 100 shares in the last quarter. OxFORD Asset Management LLP boosted its position in S&T Bancorp by 2.5% in the 2nd quarter. OxFORD Asset Management LLP now owns 7,657 shares of the financial services provider’s stock worth $275,000 after purchasing an additional 184 shares in the last quarter. Victory Capital Management Inc. boosted its position in S&T Bancorp by 5.1% in the 1st quarter. Victory Capital Management Inc. now owns 4,014 shares of the financial services provider’s stock worth $139,000 after purchasing an additional 196 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in S&T Bancorp by 1.1% in the 1st quarter. Arizona State Retirement System now owns 18,221 shares of the financial services provider’s stock worth $630,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 53.82% of the company’s stock.

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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