S&T Bancorp (NASDAQ:STBA) Rating Lowered to Sell at StockNews.com

S&T Bancorp (NASDAQ:STBAGet Free Report) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

S&T Bancorp Trading Down 1.1 %

NASDAQ:STBA opened at $31.02 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 8.29 and a beta of 0.77. S&T Bancorp has a one year low of $24.51 and a one year high of $36.28. The business has a fifty day moving average price of $31.69 and a 200-day moving average price of $30.17.

S&T Bancorp (NASDAQ:STBAGet Free Report) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.86 by $0.10. S&T Bancorp had a return on equity of 11.70% and a net margin of 27.03%. The firm had revenue of $103.17 million during the quarter, compared to analyst estimates of $100.10 million. Sell-side analysts forecast that S&T Bancorp will post 3.01 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in STBA. BlackRock Inc. lifted its stake in S&T Bancorp by 4.0% in the first quarter. BlackRock Inc. now owns 5,749,220 shares of the financial services provider’s stock worth $180,813,000 after purchasing an additional 220,245 shares during the last quarter. Vanguard Group Inc. grew its holdings in S&T Bancorp by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 4,616,732 shares of the financial services provider’s stock worth $154,291,000 after purchasing an additional 52,075 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in S&T Bancorp by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,384,380 shares of the financial services provider’s stock worth $79,687,000 after purchasing an additional 30,384 shares during the last quarter. State Street Corp grew its holdings in S&T Bancorp by 0.9% in the second quarter. State Street Corp now owns 1,725,702 shares of the financial services provider’s stock worth $47,336,000 after purchasing an additional 15,956 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in S&T Bancorp by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,059,825 shares of the financial services provider’s stock worth $28,700,000 after purchasing an additional 31,665 shares during the last quarter. Hedge funds and other institutional investors own 65.22% of the company’s stock.

About S&T Bancorp

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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.

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