Wall Street Zen Downgrades S&T Bancorp (NASDAQ:STBA) to Sell

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

Separately, Keefe, Bruyette & Woods lowered their target price on shares of S&T Bancorp from $44.00 to $43.00 and set a "market perform" rating on the stock in a report on Monday, April 28th.

S&T Bancorp Stock Down 1.0%

Shares of STBA traded down $0.39 during midday trading on Friday, hitting $36.82. The company had a trading volume of 39,414 shares, compared to its average volume of 165,054. S&T Bancorp has a 52 week low of $29.85 and a 52 week high of $45.79. The company's 50 day moving average price is $36.36 and its 200 day moving average price is $38.60. 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 stock has a market cap of $1.41 billion, a price-to-earnings ratio of 10.78 and a beta of 0.86.

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. S&T Bancorp had a net margin of 23.24% and a return on equity of 9.77%. The business had revenue of $93.75 million for the quarter, compared to the consensus estimate of $96.40 million. On average, equities research analysts predict that S&T Bancorp will post 3.05 EPS for the current year.

Hedge Funds Weigh In On S&T Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in shares of S&T Bancorp in the first quarter valued at about $4,211,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings 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. Empowered Funds LLC lifted its holdings in shares of S&T Bancorp by 2.0% in the 1st quarter. Empowered Funds LLC now owns 139,621 shares of the financial services provider's stock worth $5,173,000 after purchasing an additional 2,767 shares in the last quarter. Dean Capital Management lifted its holdings in shares of S&T Bancorp by 7.6% in the 1st quarter. Dean Capital Management now owns 44,227 shares of the financial services provider's stock worth $1,639,000 after purchasing an additional 3,138 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in shares of S&T Bancorp by 24.7% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 16,557 shares of the financial services provider's stock worth $613,000 after purchasing an additional 3,277 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, 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.