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

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. “

STBA has been the subject of several other reports. BidaskClub upgraded shares of S & T Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. Boenning Scattergood restated a “hold” rating on shares of S & T Bancorp in a research report on Friday, October 20th. Piper Jaffray Companies restated a “hold” rating and issued a $42.00 price target on shares of S & T Bancorp in a research report on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $41.50 price objective on shares of S & T Bancorp in a research note on Friday, October 20th. Five analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus price target of $43.50.

Shares of S & T Bancorp (NASDAQ:STBA) traded down $0.05 during midday trading on Wednesday, reaching $39.17. 38,200 shares of the company’s stock traded hands, compared to its average volume of 91,349. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97. S & T Bancorp has a 1 year low of $31.72 and a 1 year high of $43.17. The firm has a market cap of $1,371.60, a PE ratio of 18.74 and a beta of 0.85.

S & T Bancorp (NASDAQ:STBA) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. S & T Bancorp had a net margin of 23.08% and a return on equity of 9.88%. The firm had revenue of $70.48 million during the quarter, compared to analysts’ expectations of $74.58 million. analysts expect that S & T Bancorp will post 2.71 EPS for the current year.

In other news, Director James C. Miller sold 5,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $39.56, for a total value of $197,800.00. Following the sale, the director now directly owns 44,176 shares of the company’s stock, valued at approximately $1,747,602.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.71% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of S & T Bancorp by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 333,691 shares of the financial services provider’s stock valued at $13,283,000 after purchasing an additional 5,182 shares during the last quarter. BlackRock Inc. boosted its stake in shares of S & T Bancorp by 2.3% in the 4th quarter. BlackRock Inc. now owns 4,460,718 shares of the financial services provider’s stock valued at $177,581,000 after purchasing an additional 101,676 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of S & T Bancorp by 2.1% in the 4th quarter. Bank of New York Mellon Corp now owns 475,903 shares of the financial services provider’s stock valued at $18,946,000 after purchasing an additional 9,746 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of S & T Bancorp by 8.6% in the 4th quarter. Rhumbline Advisers now owns 98,811 shares of the financial services provider’s stock valued at $3,934,000 after purchasing an additional 7,833 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of S & T Bancorp by 224.5% in the 4th quarter. Arizona State Retirement System now owns 58,795 shares of the financial services provider’s stock valued at $2,341,000 after purchasing an additional 40,674 shares during the last quarter. 55.65% of the stock is currently owned by institutional investors.

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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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