S & T Bancorp (NASDAQ:STBA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “S & T BANCORP, INC. is a bank holding company which is engaged in general banking business. The Bank is a full service bank with its main office in Indiana, Pennsylvania, providing service to its customers through a branch of 34 offices located in Armstrong, Allegheny, Indiana, Jefferson, Clearfield and Westmoreland counties. The Bank’s services include accepting time and demand deposit accounts, making secured and unsecured commercial and consumer loans, providing letters of credit, and offering discount brokerage services, personal financial planning and credit card services. “

Several other equities research analysts have also commented on the company. BidaskClub lowered S & T Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Keefe, Bruyette & Woods restated a “hold” rating and set a $41.50 price target on shares of S & T Bancorp in a research note on Friday, October 20th. Boenning Scattergood restated a “hold” rating on shares of S & T Bancorp in a research note on Friday, October 20th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $36.50 price target on shares of S & T Bancorp in a research note on Thursday, October 19th. Five equities research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average price target of $41.33.

Shares of S & T Bancorp (NASDAQ:STBA) opened at $40.45 on Thursday. The company has a market capitalization of $1,410.00, a PE ratio of 17.64 and a beta of 0.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.95 and a current ratio of 0.96. S & T Bancorp has a 12 month low of $31.72 and a 12 month high of $43.17.

S & T Bancorp (NASDAQ:STBA) last announced its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.05. The company had revenue of $71.01 million during the quarter, compared to analyst estimates of $73.70 million. S & T Bancorp had a return on equity of 9.41% and a net margin of 26.44%. During the same period in the prior year, the firm posted $0.59 earnings per share. sell-side analysts anticipate that S & T Bancorp will post 2.37 EPS for the current fiscal year.

In other news, Director James C. Miller sold 5,000 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $39.56, for a total value of $197,800.00. Following the completion of the sale, the director now owns 44,176 shares in the company, valued at $1,747,602.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frank W. Jones sold 850 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $41.32, for a total value of $35,122.00. Following the completion of the sale, the director now owns 24,215 shares of the company’s stock, valued at approximately $1,000,563.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,051 shares of company stock valued at $485,000. Insiders own 2.71% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. TIAA CREF Investment Management LLC grew its stake in shares of S & T Bancorp by 1.4% in the second quarter. TIAA CREF Investment Management LLC now owns 101,339 shares of the financial services provider’s stock valued at $3,634,000 after buying an additional 1,407 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in shares of S & T Bancorp by 80.3% in the third quarter. Mutual of America Capital Management LLC now owns 88,471 shares of the financial services provider’s stock valued at $3,502,000 after buying an additional 39,400 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of S & T Bancorp by 7.1% in the third quarter. Prudential Financial Inc. now owns 258,088 shares of the financial services provider’s stock valued at $10,215,000 after buying an additional 17,050 shares in the last quarter. Royal Bank of Canada grew its stake in shares of S & T Bancorp by 55.0% in the second quarter. Royal Bank of Canada now owns 19,443 shares of the financial services provider’s stock valued at $697,000 after buying an additional 6,898 shares in the last quarter. Finally, State Street Corp grew its stake in shares of S & T Bancorp by 2.8% in the second quarter. State Street Corp now owns 840,779 shares of the financial services provider’s stock valued at $30,152,000 after buying an additional 23,227 shares in the last quarter. Institutional investors and hedge funds own 55.18% of the company’s stock.

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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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