Analysts Set S & T Bancorp Inc (STBA) Price Target at $41.75

Shares of S & T Bancorp Inc (NASDAQ:STBA) have been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $44.50.

A number of analysts recently issued reports on STBA shares. ValuEngine cut S & T Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, June 11th. BidaskClub raised S & T Bancorp from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 9th. Finally, Zacks Investment Research raised S & T Bancorp from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Wednesday, April 25th.

Shares of S & T Bancorp traded down $0.34, reaching $44.46, during trading hours on Friday, according to MarketBeat Ratings. The stock had a trading volume of 69,220 shares, compared to its average volume of 63,421. The stock has a market cap of $1.57 billion, a PE ratio of 18.00 and a beta of 0.67. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.10. S & T Bancorp has a fifty-two week low of $33.92 and a fifty-two week high of $46.44.

S & T Bancorp (NASDAQ:STBA) last announced its earnings results on Thursday, July 19th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.61. The firm had revenue of $70.65 million during the quarter, compared to analysts’ expectations of $70.06 million. S & T Bancorp had a return on equity of 10.41% and a net margin of 24.39%. sell-side analysts anticipate that S & T Bancorp will post 2.87 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 16th. Investors of record on Friday, August 3rd will be given a $0.25 dividend. The ex-dividend date is Thursday, August 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.25%. S & T Bancorp’s dividend payout ratio (DPR) is presently 40.49%.

In other news, Director Robert Edward Kane bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 14th. The stock was purchased at an average cost of $43.92 per share, with a total value of $43,920.00. Following the transaction, the director now directly owns 3,003 shares in the company, valued at $131,891.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.71% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new stake in S & T Bancorp during the 1st quarter valued at approximately $142,000. Hapanowicz & Associates Financial Services Inc purchased a new stake in S & T Bancorp during the 2nd quarter valued at approximately $206,000. Xact Kapitalforvaltning AB purchased a new stake in S & T Bancorp during the 4th quarter valued at approximately $208,000. Amalgamated Bank purchased a new stake in S & T Bancorp during the 2nd quarter valued at approximately $217,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in S & T Bancorp during the 1st quarter valued at approximately $252,000. 58.19% of the stock is owned by hedge funds and other institutional investors.

S & T Bancorp Company Profile

S&T Bancorp, Inc operates as the bank holding company for S&T Bank that provides retail and commercial banking products and services. The company accepts time and demand deposits; and offers commercial and consumer loans, cash management services, and brokerage and trust services, as well as acts as guardian and custodian of employee benefits.

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