S&T Bancorp (NASDAQ:STBA) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Key Points

• S&T Bancorp's stock recently moved above its 200-day moving average of $39.90, trading as high as $41.30 and last at $40.50 on volume of 329,521 shares.
• Analyst coverage is mixed—two Buy and five Hold—giving a consensus "Hold" rating and a consensus price target of $44.40, with recent targets ranging roughly $44–$47.
• The company pays a quarterly dividend of $0.36 (annualized yield ~3.6%) and has authorized a $100 million buyback (about 6.2% of shares), while trading at a P/E of ~11.6 and a market cap of $1.48 billion.

S&T Bancorp, Inc. (NASDAQ:STBA - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $39.90 and traded as high as $41.30. S&T Bancorp shares last traded at $40.50, with a volume of 329,521 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have weighed in on STBA shares. DA Davidson started coverage on S&T Bancorp in a research report on Wednesday, February 25th. They set a "neutral" rating and a $47.00 price target on the stock. Janney Montgomery Scott raised S&T Bancorp from a "neutral" rating to a "buy" rating and set a $46.00 price objective for the company in a research report on Monday, January 26th. Hovde Group lifted their target price on S&T Bancorp from $44.00 to $47.00 and gave the stock a "market perform" rating in a research note on Monday, February 23rd. Zacks Research lowered S&T Bancorp from a "strong-buy" rating to a "hold" rating in a report on Friday, March 6th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of S&T Bancorp in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $44.40.

S&T Bancorp Stock Performance

The stock has a 50 day simple moving average of $42.03 and a 200 day simple moving average of $39.90. 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 stock has a market cap of $1.48 billion, a P/E ratio of 11.57 and a beta of 0.92.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last released its earnings results on Thursday, January 22nd. The financial services provider reported $0.89 earnings per share for the quarter, meeting analysts' consensus estimates of $0.89. The firm had revenue of $105.90 million during the quarter, compared to the consensus estimate of $103.46 million. S&T Bancorp had a return on equity of 9.25% and a net margin of 23.61%. On average, equities analysts expect that S&T Bancorp, Inc. will post 3.05 earnings per share for the current year.

S&T Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Thursday, February 12th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Thursday, February 12th. S&T Bancorp's payout ratio is 41.14%.

S&T Bancorp announced that its board has authorized a stock buyback program on Thursday, January 22nd that permits the company to buyback $100.00 million in shares. This buyback authorization permits the financial services provider to buy up to 6.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

Hedge Funds Weigh In On S&T Bancorp

Hedge funds have recently bought and sold shares of the company. State Street Corp raised its position in shares of S&T Bancorp by 3.7% in the 4th quarter. State Street Corp now owns 1,723,385 shares of the financial services provider's stock valued at $67,815,000 after buying an additional 61,800 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of S&T Bancorp by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,624,436 shares of the financial services provider's stock worth $63,922,000 after acquiring an additional 20,411 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of S&T Bancorp by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 958,685 shares of the financial services provider's stock worth $37,729,000 after acquiring an additional 3,388 shares in the last quarter. American Century Companies Inc. increased its stake in S&T Bancorp by 0.5% in the second quarter. American Century Companies Inc. now owns 698,519 shares of the financial services provider's stock valued at $26,418,000 after acquiring an additional 3,613 shares during the last quarter. Finally, Millennium Management LLC raised its position in S&T Bancorp by 33.5% during the third quarter. Millennium Management LLC now owns 459,153 shares of the financial services provider's stock valued at $17,260,000 after purchasing an additional 115,333 shares in the last quarter. 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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