S&T Bancorp, Inc. (NASDAQ:STBA) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• The stock has a consensus “Hold” rating from seven analysts (five hold, two buy) with an average 1-year price target of $44.40.
• S&T Bancorp beat quarterly EPS expectations ($0.94 vs. $0.87) but reported slightly below-consensus revenue of $102.08 million, with a net margin of 23.71% and ROE of 9.35%.
• The board authorized a $100 million share repurchase program (≈6.2% of shares) and raised the quarterly dividend to $0.37 (annualized yield ~3.3%), signaling shareholder-friendly capital deployment.

S&T Bancorp, Inc. (NASDAQ:STBA - Get Free Report) has earned an average rating of "Hold" from the seven research firms that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $44.40.

Several analysts have recently commented on STBA shares. DA Davidson started coverage on shares of S&T Bancorp in a research note on Wednesday, February 25th. They set a "neutral" rating and a $47.00 price target on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of S&T Bancorp in a research note on Monday, April 27th. Wall Street Zen raised shares of S&T Bancorp from a "sell" rating to a "hold" rating in a research note on Sunday, March 22nd. Janney Montgomery Scott raised shares of S&T Bancorp from a "neutral" rating to a "buy" rating and set a $46.00 price objective on the stock in a research note on Monday, January 26th. Finally, Zacks Research cut shares of S&T Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 6th.

S&T Bancorp Price Performance

STBA opened at $44.77 on Wednesday. S&T Bancorp has a one year low of $34.01 and a one year high of $45.03. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.00 and a quick ratio of 1.00. The company's 50 day simple moving average is $42.39 and its 200-day simple moving average is $40.99. The stock has a market capitalization of $1.64 billion, a P/E ratio of 12.54 and a beta of 0.85.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.87 by $0.07. S&T Bancorp had a net margin of 23.71% and a return on equity of 9.35%. The business had revenue of $102.08 million for the quarter, compared to analysts' expectations of $103.62 million. Sell-side analysts anticipate that S&T Bancorp will post 3.75 earnings per share for the current fiscal year.

S&T Bancorp declared that its Board of Directors has initiated a share repurchase plan on Thursday, January 22nd that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the financial services provider to purchase up to 6.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

S&T Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This is a boost from S&T Bancorp's previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a yield of 3.3%. S&T Bancorp's payout ratio is 40.34%.

Hedge Funds Weigh In On S&T Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of STBA. Royal Bank of Canada boosted its stake in S&T Bancorp by 10.1% in the first quarter. Royal Bank of Canada now owns 13,147 shares of the financial services provider's stock valued at $487,000 after acquiring an additional 1,206 shares during the last quarter. AQR Capital Management LLC boosted its stake in S&T Bancorp by 54.9% in the first quarter. AQR Capital Management LLC now owns 36,148 shares of the financial services provider's stock valued at $1,339,000 after acquiring an additional 12,810 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in S&T Bancorp by 5.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,756 shares of the financial services provider's stock valued at $843,000 after acquiring an additional 1,086 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in S&T Bancorp by 7.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,837 shares of the financial services provider's stock valued at $3,884,000 after acquiring an additional 7,286 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in S&T Bancorp in the first quarter valued at approximately $4,211,000. 65.22% of the stock is owned by institutional investors.

S&T Bancorp Company Profile

S&T Bancorp, Inc is a bank holding company headquartered in Indiana, Pennsylvania, serving as the parent of S&T Bank. Established as a banking organization in 1902 with the holding company formation following in the early 1980s, S&T Bancorp has built its reputation on delivering community-oriented financial services. The company operates under the NASDAQ ticker STBA, maintaining a focus on personalized banking solutions and local decision-making.

The company's main business activities encompass a full suite of retail and commercial banking products.

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