S&T Bancorp (NASDAQ:STBA) Upgraded by StockNews.com to Hold

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

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

S&T Bancorp Price Performance

NASDAQ:STBA opened at $38.49 on Thursday. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 10.90 and a beta of 0.79. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.08. The company’s 50-day moving average is $41.30 and its two-hundred day moving average is $36.56. S&T Bancorp has a 12-month low of $24.51 and a 12-month high of $45.79.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of STBA. Louisiana State Employees Retirement System increased its position in S&T Bancorp by 1.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 19,200 shares of the financial services provider’s stock worth $641,000 after purchasing an additional 300 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in S&T Bancorp by 2.8% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 12,103 shares of the financial services provider’s stock worth $508,000 after purchasing an additional 326 shares in the last quarter. Texas Permanent School Fund Corp increased its position in S&T Bancorp by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 33,461 shares of the financial services provider’s stock worth $1,073,000 after purchasing an additional 432 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in S&T Bancorp by 2.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,436 shares of the financial services provider’s stock worth $649,000 after purchasing an additional 498 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in S&T Bancorp by 80.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,177 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 526 shares in the last quarter. Institutional investors and hedge funds own 65.22% of the company’s stock.

About S&T Bancorp

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.