S&T Bancorp (NASDAQ:STBA) Upgraded to Hold at Wall Street Zen

S&T Bancorp (NASDAQ:STBA - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

A number of other research analysts have also recently weighed in on STBA. Keefe, Bruyette & Woods cut their price objective on shares of S&T Bancorp from $44.00 to $43.00 and set a "market perform" rating for the company in a report on Monday, April 28th. Hovde Group assumed coverage on S&T Bancorp in a research report on Friday. They set a "market perform" rating and a $41.00 target price on the stock.

S&T Bancorp Stock Performance

Shares of STBA stock opened at $38.01 on Friday. S&T Bancorp has a 52-week low of $30.84 and a 52-week high of $45.79. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.46 billion, a PE ratio of 10.95 and a beta of 0.90. The business has a 50-day simple moving average of $36.96 and a 200-day simple moving average of $37.71.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sterling Capital Management LLC raised its holdings in shares of S&T Bancorp by 824.2% during the fourth quarter. Sterling Capital Management LLC now owns 1,220 shares of the financial services provider's stock valued at $47,000 after acquiring an additional 1,088 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of S&T Bancorp by 67.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the financial services provider's stock worth $48,000 after purchasing an additional 502 shares in the last quarter. GAMMA Investing LLC raised its stake in S&T Bancorp by 41.9% in the 1st quarter. GAMMA Investing LLC now owns 1,762 shares of the financial services provider's stock valued at $65,000 after purchasing an additional 520 shares during the last quarter. CoreFirst Bank & Trust acquired a new position in S&T Bancorp in the 4th quarter valued at $153,000. Finally, Nisa Investment Advisors LLC lifted its holdings in S&T Bancorp by 7.6% in the 1st 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. 65.22% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.