The stock of S&T Bancorp Inc. (NASDAQ:STBA) last traded at $33.97, up 5.24% from the previous session.
Data from the available sources indicates that S&T Bancorp Inc. (NASDAQ:STBA) is covered by 5 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $38.00 and a low of $32.00, we find $35.00. Given the previous closing price of $32.28, this indicates a potential upside of 8.43 percent. STBA stock price is now -3.07% away from the 50-day moving average and 8.32% away from the 200-day moving average. The market capitalization of the company currently stands at $1.32B.
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In total, 5 analysts have assigned it a hold rating, and 0 have given it a buy rating. Brokers who have rated the stock have averaged $35.00 as their price target over the next twelve months.
With the price target of $32, Janney recently initiated with Neutral rating for S&T Bancorp Inc. (NASDAQ: STBA)., while ‘DA Davidson’ rates the stock as ‘Neutral’.
In other news, HIEB WILLIAM J, Director sold 3,682 shares of the company’s stock on May 24. The stock was sold for $104,016 at an average price of $28.25. Upon completion of the transaction, the Director now directly owns 39,033 shares in the company, valued at $1.33 million. Insiders disposed of 47,758 shares of company stock worth roughly $1.62 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in STBA stock. A new stake in S&T Bancorp Inc. shares was purchased by ASSENAGON ASSET MANAGEMENT S.A. during the first quarter worth $2,529,000. HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND invested $1,454,000 in shares of STBA during the first quarter. In the first quarter, MARTINGALE ASSET MANAGEMENT L P acquired a new stake in S&T Bancorp Inc. valued at approximately $1,072,000. HILLSDALE INVESTMENT MANAGEMENT INC. acquired a new stake in STBA for approximately $853,000. JUPITER ASSET MANAGEMENT LTD purchased a new stake in STBA valued at around $846,000 in the second quarter. In total, there are 244 active investors with 64.00% ownership of the company’s stock.
With an opening price of $34.25 on Thursday morning, S&T Bancorp Inc. (NASDAQ: STBA) set off the trading day. During the past 12 months, S&T Bancorp Inc. has had a low of $26.51 and a high of $38.39. The fifty day moving average price for STBA is $34.98 and a two-hundred day moving average price translates $31.39 for the stock.
The latest earnings results from S&T Bancorp Inc. (NASDAQ: STBA) was released for Sep, 2022. According to the Banks – Regional Company, earnings per share came in at $0.95, beating analysts’ expectations of $0.83 by 0.12. This compares to $0.70 EPS in the same period last year. The net profit margin was 40.20% and return on equity was 10.50% for STBA. The company reported revenue of $89.83 million for the quarter, compared to $71.77 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25.17 percent. For the current quarter, analysts expect STBA to generate $100.11M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/17/2022. Investors who held shares on 11/03/2022 were paid a $0.31 dividend. On an annualized basis, this represents a $1.24 dividend and a 3.65% percent yield. There was an ex-dividend date of 11/02/2022 for this dividend. In terms of dividend payout ratio, STBA is presently at 37.10%.
S&T Bancorp Inc.(STBA) 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 operates through six segments: Commercial Real Estate, Commercial and Industrial, Business Banking, Commercial Construction, Consumer Real Estate, and Other Consumer. 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. It also manages private investment accounts for individuals and institutions. In addition, the company distributes life insurance and long-term disability income insurance products, as well as offers title insurance agency services to commercial customers; and acts as a reinsurer of credit life, accident, and health insurance policies. As of December 31, 2021, it operated 73 banking branches and 5 loan production offices located in Western Pennsylvania, Eastern Pennsylvania, Northeast Ohio, Central Ohio, and Upstate New York. S&T Bancorp, Inc. was founded in 1902 and is headquartered in Indiana, Pennsylvania.
