S & T Bancorp (NASDAQ:STBA) Cut to Sell at BidaskClub

BidaskClub lowered shares of S & T Bancorp (NASDAQ:STBA) from a hold rating to a sell rating in a research note issued to investors on Monday, BidAskClub reports.

Other research analysts also recently issued research reports about the stock. ValuEngine raised shares of Xylem from a hold rating to a buy rating in a research note on Friday, June 21st. Zacks Investment Research downgraded shares of GENEL ENERGY PL/ADR from a hold rating to a sell rating in a research note on Thursday, July 4th. Finally, Boenning Scattergood reissued a hold rating on shares of Webster Financial in a research note on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $48.00.

Shares of STBA stock opened at $37.02 on Monday. The company has a 50-day moving average price of $37.53. S & T Bancorp has a twelve month low of $35.16 and a twelve month high of $47.77. The firm has a market cap of $1.27 billion, a P/E ratio of 12.30, a price-to-earnings-growth ratio of 1.25 and a beta of 0.65. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.12.

S & T Bancorp (NASDAQ:STBA) last announced its earnings results on Thursday, April 18th. The financial services provider reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.08). S & T Bancorp had a net margin of 29.41% and a return on equity of 11.02%. The firm had revenue of $71.72 million during the quarter, compared to analyst estimates of $72.39 million. On average, sell-side analysts predict that S & T Bancorp will post 2.96 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.92%. S & T Bancorp’s dividend payout ratio (DPR) is 35.88%.

In other S & T Bancorp news, CEO Todd D. Brice purchased 2,036 shares of the stock in a transaction on Monday, June 10th. The stock was bought at an average price of $37.31 per share, for a total transaction of $75,963.16. Following the acquisition, the chief executive officer now directly owns 91,520 shares of the company’s stock, valued at $3,414,611.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.50% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of S & T Bancorp during the 1st quarter worth about $115,000. Denali Advisors LLC grew its holdings in shares of S & T Bancorp by 3,853.2% during the 1st quarter. Denali Advisors LLC now owns 4,309 shares of the financial services provider’s stock worth $170,000 after purchasing an additional 4,200 shares during the period. Lido Advisors LLC purchased a new stake in shares of S & T Bancorp during the 1st quarter worth about $208,000. Everence Capital Management Inc. purchased a new stake in shares of S & T Bancorp during the 1st quarter worth about $236,000. Finally, Millennium Management LLC grew its holdings in shares of S & T Bancorp by 47.0% during the 4th quarter. Millennium Management LLC now owns 6,931 shares of the financial services provider’s stock worth $262,000 after purchasing an additional 2,216 shares during the period. Institutional investors own 60.23% of the company’s stock.

About S & T Bancorp

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.

Further Reading: What is Compound Annual Growth Rate (CAGR)?

Receive News & Ratings for S & T Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S & T Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.