A number of other research analysts have also recently issued reports on the company. BidaskClub cut S & T Bancorp from a hold rating to a sell rating in a report on Friday, September 21st. Zacks Investment Research cut S & T Bancorp from a buy rating to a hold rating in a report on Tuesday, September 25th. Finally, DA Davidson assumed coverage on S & T Bancorp in a report on Thursday, August 23rd. They issued a buy rating and a $54.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. S & T Bancorp currently has an average rating of Hold and an average price target of $47.13.
Shares of NASDAQ:STBA traded up $0.06 on Friday, hitting $41.68. The stock had a trading volume of 89,641 shares, compared to its average volume of 104,451. S & T Bancorp has a twelve month low of $37.79 and a twelve month high of $47.77. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $1.46 billion, a PE ratio of 16.87 and a beta of 0.61.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 1st will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.59%. This is a boost from S & T Bancorp’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, October 31st. S & T Bancorp’s payout ratio is currently 40.49%.
In other S & T Bancorp news, Director Frank W. Jones sold 600 shares of the business’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $45.58, for a total transaction of $27,348.00. Following the completion of the sale, the director now directly owns 24,387 shares of the company’s stock, valued at approximately $1,111,559.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James C. Miller sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $46.44, for a total value of $232,200.00. Following the sale, the director now directly owns 39,948 shares of the company’s stock, valued at $1,855,185.12. The disclosure for this sale can be found here. Insiders own 2.71% of the company’s stock.
Large investors have recently made changes to their positions in the business. Itau Unibanco Holding S.A. bought a new stake in S & T Bancorp during the 2nd quarter worth about $117,000. Hapanowicz & Associates Financial Services Inc bought a new stake in S & T Bancorp during the 2nd quarter worth about $206,000. OppenheimerFunds Inc. bought a new stake in S & T Bancorp during the 2nd quarter worth about $205,000. Amalgamated Bank bought a new stake in S & T Bancorp during the 2nd quarter worth about $217,000. Finally, Tower Research Capital LLC TRC bought a new stake in S & T Bancorp during the 2nd quarter worth about $231,000. 60.36% 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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