S&T Bancorp, Inc. (NASDAQ:STBA) Receives Average Recommendation of “Hold” from Analysts

S&T Bancorp, Inc. (NASDAQ:STBA) has earned an average recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $44.40.

Several analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of S&T Bancorp in a research note on Monday, April 27th. Zacks Research lowered S&T Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 6th. Wall Street Zen upgraded S&T Bancorp from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. Finally, DA Davidson began coverage on S&T Bancorp in a research report on Wednesday, February 25th. They issued a “neutral” rating and a $47.00 price objective on the stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its position in shares of S&T Bancorp by 33.5% in the 3rd quarter. Millennium Management LLC now owns 459,153 shares of the financial services provider’s stock worth $17,260,000 after purchasing an additional 115,333 shares during the period. Jane Street Group LLC purchased a new position in shares of S&T Bancorp during the first quarter valued at about $4,211,000. Qube Research & Technologies Ltd raised its stake in S&T Bancorp by 58.0% in the third quarter. Qube Research & Technologies Ltd now owns 234,645 shares of the financial services provider’s stock worth $8,820,000 after buying an additional 86,125 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in S&T Bancorp in the fourth quarter worth about $3,052,000. Finally, State Street Corp lifted its holdings in S&T Bancorp by 3.7% in the fourth quarter. State Street Corp now owns 1,723,385 shares of the financial services provider’s stock worth $67,815,000 after buying an additional 61,800 shares during the period. 65.22% of the stock is currently owned by institutional investors.

S&T Bancorp Trading Up 0.9%

NASDAQ:STBA opened at $48.57 on Thursday. The firm has a market capitalization of $1.75 billion, a P/E ratio of 13.61 and a beta of 0.85. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.07. The company has a fifty day moving average of $45.07 and a 200 day moving average of $42.92. S&T Bancorp has a 52 week low of $34.01 and a 52 week high of $48.88.

S&T Bancorp (NASDAQ:STBA) last announced its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $102.08 million for the quarter, compared to analyst estimates of $103.62 million. On average, research analysts predict that S&T Bancorp will post 3.75 earnings per share for the current year.

S&T Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.0%. This is an increase from S&T Bancorp’s previous quarterly dividend of $0.36. The ex-dividend date was Thursday, May 14th. S&T Bancorp’s dividend payout ratio (DPR) is presently 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.