S&T Bancorp (NASDAQ:STBA) Downgraded to Sell Rating by Wall Street Zen

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

Separately, Keefe, Bruyette & Woods reduced their price objective on S&T Bancorp from $44.00 to $43.00 and set a "market perform" rating on the stock in a research note on Monday, April 28th.

S&T Bancorp Trading Up 1.1%

NASDAQ:STBA traded up $0.42 during trading hours on Friday, reaching $36.99. 134,788 shares of the stock were exchanged, compared to its average volume of 165,538. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average of $36.35 and a two-hundred day moving average of $38.59. S&T Bancorp has a twelve month low of $29.85 and a twelve month high of $45.79. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 10.85 and a beta of 0.86.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last released its quarterly 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. S&T Bancorp had a return on equity of 9.77% and a net margin of 23.24%. The company had revenue of $93.75 million for the quarter, compared to analysts' expectations of $96.40 million. On average, equities analysts predict that S&T Bancorp will post 3.05 EPS for the current year.

Hedge Funds Weigh In On S&T Bancorp

Several large investors have recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co increased its holdings in S&T Bancorp by 0.6% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 39,655 shares of the financial services provider's stock valued at $1,512,000 after buying an additional 254 shares during the last quarter. Hancock Whitney Corp increased its holdings in 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 buying an additional 326 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in 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 buying an additional 367 shares during the last quarter. Wells Fargo & Company MN increased its holdings in S&T Bancorp by 0.3% in the fourth quarter. Wells Fargo & Company MN now owns 151,252 shares of the financial services provider's stock valued at $5,781,000 after buying an additional 410 shares during the last quarter. Finally, Confluence Wealth Services Inc. increased its holdings in S&T Bancorp by 1.5% in the first quarter. Confluence Wealth Services Inc. now owns 31,271 shares of the financial services provider's stock valued at $1,132,000 after buying an additional 465 shares during the last quarter. Hedge funds and other institutional investors own 65.22% of the company's stock.

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.