S&T Bancorp, Inc. (NASDAQ:STBA) Given Average Rating of “Hold” by Brokerages

Shares of S&T Bancorp, Inc. (NASDAQ:STBA) have received an average rating of “Hold” from the seven analysts that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $46.60.

A number of equities analysts have recently weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of S&T Bancorp in a report on Monday, April 27th. Piper Sandler increased their price objective on S&T Bancorp from $45.00 to $51.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Finally, Wall Street Zen upgraded S&T Bancorp from a “sell” rating to a “hold” rating in a research report on Sunday, March 22nd.

Institutional Investors Weigh In On S&T Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC lifted its holdings in S&T Bancorp by 2.5% during the 4th quarter. CWM LLC now owns 11,129 shares of the financial services provider’s stock worth $438,000 after buying an additional 269 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of S&T Bancorp by 5.0% in the 1st quarter. Royal Bank of Canada now owns 5,675 shares of the financial services provider’s stock valued at $238,000 after acquiring an additional 269 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of S&T Bancorp by 16.4% in the 2nd quarter. GAMMA Investing LLC now owns 2,018 shares of the financial services provider’s stock valued at $99,000 after acquiring an additional 285 shares during the last quarter. HBK Sorce Advisory LLC raised its position in shares of S&T Bancorp by 3.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 8,414 shares of the financial services provider’s stock valued at $331,000 after acquiring an additional 300 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in shares of S&T Bancorp by 3.2% during the 4th quarter. Captrust Financial Advisors now owns 10,992 shares of the financial services provider’s stock valued at $433,000 after acquiring an additional 345 shares in the last quarter. 65.22% of the stock is currently owned by hedge funds and other institutional investors.

S&T Bancorp Stock Performance

Shares of STBA opened at $49.97 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.00 and a quick ratio of 1.00. S&T Bancorp has a 1-year low of $34.01 and a 1-year high of $51.01. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 14.00 and a beta of 0.84. The firm has a 50 day simple moving average of $46.84 and a 200-day simple moving average of $43.87.

S&T Bancorp (NASDAQ:STBA) last posted its earnings results on Thursday, April 23rd. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.07. The firm had revenue of $102.08 million for the quarter, compared to analyst estimates of $103.62 million. S&T Bancorp had a return on equity of 9.35% and a net margin of 23.71%. Equities analysts forecast that S&T Bancorp will post 3.75 EPS for the current fiscal year.

S&T Bancorp Increases Dividend

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