S&T Bancorp (NASDAQ:STBA) Downgraded by StockNews.com to Sell

S&T Bancorp (NASDAQ:STBA) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Separately, DA Davidson upped their target price on S&T Bancorp from $32.00 to $41.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th.

S&T Bancorp Stock Down 0.9 %

Shares of STBA traded down $0.36 during trading hours on Thursday, reaching $39.30. The company’s stock had a trading volume of 192,322 shares, compared to its average volume of 163,239. The company has a 50 day moving average of $41.72 and a two-hundred day moving average of $35.66. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 11.13 and a beta of 0.79. S&T Bancorp has a 1-year low of $24.51 and a 1-year high of $45.79.

S&T Bancorp (NASDAQ:STBA) last issued its earnings results on Thursday, July 18th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.14. S&T Bancorp had a net margin of 24.20% and a return on equity of 10.63%. The company had revenue of $142.07 million during the quarter, compared to analyst estimates of $95.85 million. During the same quarter last year, the business posted $0.89 EPS. As a group, research analysts predict that S&T Bancorp will post 3.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. TFO Wealth Partners LLC boosted its holdings in S&T Bancorp by 5,870.6% in the fourth quarter. TFO Wealth Partners LLC now owns 1,015 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 998 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of S&T Bancorp during the 2nd quarter worth about $53,000. EntryPoint Capital LLC increased its holdings in shares of S&T Bancorp by 188.0% during the 1st quarter. EntryPoint Capital LLC now owns 2,854 shares of the financial services provider’s stock valued at $92,000 after acquiring an additional 1,863 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of S&T Bancorp in the 1st quarter valued at approximately $152,000. Finally, Denali Advisors LLC bought a new position in shares of S&T Bancorp in the 2nd quarter valued at approximately $200,000. Institutional investors own 65.22% of the company’s stock.

S&T Bancorp Company Profile

S&T Bancorp, Inc operates as the bank holding company for S&T Bank that engages in the provision of retail and commercial banking products and services. The company operates through six segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.