S&T Bancorp (NASDAQ:STBA) Earns Neutral Rating from Analysts at Piper Sandler

Investment analysts at Piper Sandler assumed coverage on shares of S&T Bancorp (NASDAQ:STBA - Get Free Report) in a research report issued on Friday,Benzinga reports. The firm set a "neutral" rating and a $42.00 price target on the financial services provider's stock. Piper Sandler's price target would indicate a potential upside of 7.01% from the stock's current price.

Other equities research analysts also recently issued research reports about the company. Wall Street Zen downgraded S&T Bancorp from a "hold" rating to a "sell" rating in a report on Saturday, July 12th. Hovde Group started coverage on S&T Bancorp in a report on Friday, June 27th. They issued a "market perform" rating and a $41.00 price target for the company. Finally, Keefe, Bruyette & Woods decreased their target price on S&T Bancorp from $44.00 to $43.00 and set a "market perform" rating on the stock in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $41.75.

S&T Bancorp Stock Performance

Shares of S&T Bancorp stock opened at $39.25 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.50 billion, a P/E ratio of 11.31 and a beta of 0.89. The stock's fifty day moving average price is $37.76 and its 200-day moving average price is $37.58. S&T Bancorp has a 12 month low of $30.84 and a 12 month high of $45.79.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last released its earnings results on Thursday, April 24th. The financial services provider reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.13. The firm had revenue of $93.75 million during the quarter, compared to the consensus estimate of $96.40 million. S&T Bancorp had a return on equity of 9.71% and a net margin of 23.84%. On average, equities research analysts expect that S&T Bancorp will post 3.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On S&T Bancorp

A number of institutional investors have recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co raised its stake in S&T Bancorp by 0.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 39,655 shares of the financial services provider's stock valued at $1,512,000 after purchasing an additional 254 shares during the period. Hancock Whitney Corp raised its stake in shares of S&T Bancorp by 2.1% in the first quarter. Hancock Whitney Corp now owns 15,813 shares of the financial services provider's stock valued at $586,000 after acquiring an additional 326 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of S&T Bancorp by 7.6% in the first quarter. Nisa Investment Advisors LLC now owns 5,187 shares of the financial services provider's stock valued at $192,000 after purchasing an additional 367 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of S&T Bancorp by 0.3% during the fourth quarter. Wells Fargo & Company MN now owns 151,252 shares of the financial services provider's stock worth $5,781,000 after purchasing an additional 410 shares in the last quarter. Finally, Confluence Wealth Services Inc. lifted its position in S&T Bancorp by 1.5% in the 1st quarter. Confluence Wealth Services Inc. now owns 31,271 shares of the financial services provider's stock valued at $1,132,000 after acquiring an additional 465 shares in the last quarter. 65.22% of the stock is currently owned by institutional investors and hedge funds.

S&T Bancorp Company Profile

S&T Bancorp, Inc is a bank holding company, which engages in the provision of consumer, commercial, and small business banking services. It operates through the following segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.

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